WFES 2019 facilitates deals valued at $11bn

January 20, 2019

ABU DHABI — World Future Energy Summit (WFES), a key enabler of Abu Dhabi Sustainability Week 2019 (ADSW) facilitated deals valued at $10.5 billion to be implemented across 20 countries during its four-day run at the Abu Dhabi National Exhibition Centre (ADNEC).

The event that came to a triumphant close in Abu Dhabi on Jan. 17, 2019, saw a consortium led by Masdar (Abu Dhabi Future Energy Company) and France’s EDF win a tender to build a $500-million 400-megawatt wind farm in northern Saudi Arabia as part of the country’s efforts to increase its renewable energy capacity to 60 gigawatts by 2030.

Abu Dhabi Waste Management Center (Tadweer), the strategic partners of the sixth EcoWASTE exhibition, awarded new operating contracts, cumulatively valued at AED1.099 billion, to leading providers of solid waste collection and transportation and street sweeping and cleaning services in the third, fourth and fifth sectors of Abu Dhabi Mainland and Al Dhafra Region.

Dr Salem Al Kaabi, Acting General Manager of Tadweer, said: “We are proud of the success achieved by the sixth EcoWASTE exhibition. In organising this event in partnership with Masdar as part of Abu Dhabi Sustainability Week (ADSW), Tadweer aimed to present an ideal platform for showcasing the latest technologies, innovations and industry best practices through convening leading experts, decision makers, solution providers and business leaders from across the globe. The event also served as an unprecedented opportunity to contribute towards enhancing waste collection, transportation and recycling practices, which, in turn, will ensure a cleaner, safer and more sustainable environment.”

Solar Energy Corporation of India (SECI), a company of the Indian Ministry of New and Renewable Energy and the only central public sector entity dedicated to solar energy in the country, unveiled its $7 billion Cold Desert Regions Ultra-Mega Solar Power project. SECI invited global investors to participate in the multi-billion-dollar alternative energy investment opportunities created by the state-backed scheme.

WFES 2019 convened more than 34,000 attendees in addition to 3,000 students from over 150 countries, including 15 heads of state, as well as more than 100 ministers and 3,000 C-level participants from some of the world’s largest companies operating in the sustainability and renewables sectors. The event enabled attendees to share best practices, unveil new products, and discuss innovative solutions to present and future challenges across the entire sustainability spectrum. In addition, the expo hosted over 800 exhibiting companies from 40 countries.

Held under the ongoing patronage of Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, WFES is widely recognized for its unique ability to attract public and private leaders to address the critical issues and identify the actions that must take place globally at corporate, policy and economic levels.

Naji El Haddad, Group Event Director at REED Exhibitions, said: “Having facilitated over 11,000 meetings with our Sustainability Business Connect Programme at WFES, we are proud to provide a platform where government, business, innovation and finance can connect to accelerate sustainable development.”

Under the theme ‘Embracing the Future, Welcoming Disruption’, WFES achieved significant strides through driving imaginative solutions to the interconnected challenges of energy transformation, disruptive technological change, and sustainable development. The platform has reinforced the effort in promoting global sustainable development through innovation and investment in priority sectors such as energy, transportation, and water along with others.

WFES is a global industry platform connecting business and innovation in energy, clean technology and efficiency for a sustainable future. Organized by Reed Exhibitions and running at ADNEC, the platform showcases disruptive innovation and serves as a global sustainability catalyst. — SG

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