Sponsor News
RED Engineering Design
Congratulations to our Platinum sponsor RED Engineering Design who have been recognised as a Sustainability Champion by UKREiif. Their Sustainability Solutions & Climate Change team makes every effort to evaluate project parameters for environmental resilience, flexibility, and cost-effectiveness, bridging the gap between existing and new legislation, and with sustainability and renewables such a topical issue, these efforts have never been more important…Read more
Industry News
UAE
Mubadala invests in Japanese renewable energy
Abu Dhabi Sovereign investor, Mubadala, has made a cornerstone investment in PAG’s Asia Pacific renewable energy platform (PAG REN 1), supporting Japan’s ambitious solar plans to install 108GW of solar capacity by 2030. The provision of sustainable energy solutions is a key theme for Mubadala, with this investment further highlighting their growing portfolio of renewable energy companies and technologies across EMEA, and North America…Read more
AI to contribute 14% to UAE’s GDP by 2030
In his recent statement, the Minister for AI, digital economy, and remote work applications Omar Sultan Al Olama, announced that the UAE expects AI to contribute 14% to the country’s GDP by 2030. With economic returns of AI predicted to reach $320Bn in the Middle East, the opportunities of this technology to shift the landscape of economies and sectors globally are unprecedented…Read more
G42 and Microsoft to invest $1Bn in Kenya
Abu Dhabi’s leading Artificial Intelligence company, G42, and Microsoft have partnered to invest $1Bn into a green data centre in Kenya. This data centre, built by G42, will be equipped with Microsoft’s computing platform Azure through their new East Africa cloud region. As part of the industry’s ongoing efforts in sustainability and renewables, the data centre will solely run on geothermal energy and is designed with water conservation technology…Read more
Saudi Arabia
IBM enters a partnership with Saudi Arabia
Taking a different approach to monetising AI than their rivals (like Microsoft who frugally guard and charge for access to their AI models), IBM provides theirs free of charge and open to all, including their recently created ‘Granite’ family of AI models. As of Wednesday, it will release Granite as open-source software; and as part of its new deal with the Kingdom, it will help the Saudi Data and Artificial Intelligence Authority train its ‘ALLaM’ Arabic language model – adding new language skills to IBM’s offerings…Read more
Qatar
Qatar announces a $2.47Bn AI incentive package
Qatar is moving steadily towards a comprehensive digital transformation, investing heavily in technology, innovation, and AI. At the recent Qatar Economic Forum Conference, the government announced the creation of its AI incentive package, valued at a significant $2.47Bn. In line with the goals of Qatar National Vision 2030, also launched was the ‘Start in Qatar’ project – designed to attract startups globally to the country, with over 250 companies already registered, Qatar is certainly heading in the right direction…Read more