New ‘industrial sunbelt' set to overtake the world's biggest economies in clean industry race - Middle East Business News and Information
China leads over US and EU but global analysis highlights industrial production diversifying beyond historic bases 'New industrial sunbelt' countries hold over half of $1.6 trillion global investment pipeline as clean ammonia, critical to food chains, shows signs of being a breakout market
$250 billion of financing already committed to produce clean materials, chemicals and fuels, but a five-fold investment opportunity exists to unlock almost 700 announced projects across the world
Governments in nearly 70 countries can secure early mover advantage by supporting the construction of announced projects through policy measures
UAE,June 2025: China remains the frontrunner in clean industry development, securing a quarter of the $250 billion of investment in clean plants to date, closely followed by the US at 22% and the EU at 14%. But a bloc of emerging markets including India, Egypt and Brazil, part of the 'new industrial sunbelt', is quickly catching up to countries with historic industrial bases, according to new data from th e Global Project T racker a nd accompanying report published today by Mission Possible Partnership (MPP).
The 'big three' industrial leaders may soon be overtaken by a host of newly industrialising countries capitalising on favourable conditions for renewable energy production and building momentum in sectors at the forefront of a new clean industrial revolution. This shift points to a potential industrial realignment, as the production of materials, chemicals and fuels moves across geographies and new trade corridors emerge. At the heart of this shift is the industrial sunbelt, a region spanning Africa, Asia and South America where abundant natural resources are being harnessed to provide solar energy and supportive policy environments and cost advantages combine to create ideal conditions for new industrial processes.
Industrial sunbelt countries, such as Indonesia and Morocco, have secured a fifth of investment in clean industrial plants to date. However, a $948 billion investment opportunity exists for their announced projects, particularly as economies dominated by agriculture increasingly see lower-cost clean ammonia for fertiliser as both an economic opportunity and a chance to build increased food security.
The new report, Clean Industry: Transformational Trends , by MPP and supported by the Industrial Transition Accelerator (ITA) – global alliances focused on advancing clean industry transformation – shows a global $1.6 trillion pipeline of projects announced but not yet financed. Industrial sunbelt countries account for 59% of this investment pipeline, compared to18% for the US, 10% for the EU, and just 6% for China . Projects span key sectors, including aluminium, chemicals, cement, aviation and steel.
In total, a record 826 commercial-scale clean industrial plants across 69 countries are logged in the MPP Global Project Tracker. The growth in this third edition of the Global Project Tracker underscores that companies around the world are continuing to capitalise on clean industrial projects and tap into nascent markets despite ongoing geopolitical and economic uncertainty.
The data shows that of all projects, 69 are operational and 65 have secured financing, with eight reaching final investment decision in the last six months. The remaining 692 projects have been announced but are not yet financed.
Despite increasing competition alongside economic and political headwinds, projects representing $450 billion of investment have been announced in the US and the EU. These countries now face a significant opportunity to enhance investment conditions or risk falling behind. Investment has thrived where projects are supported by stable policies, measures to boost demand, strategic public funding and lower regional capex costs.
The fastest-growing clean industry sectors are green ammonia (28 plants at FID, 344 announced) and sustainable aviation fuels (22 operational plants, seven at FID and 144 announced). Both present a strong business case: with clean ammonia being a drop-in solution for the fertiliser sector – a pre-existing market at scale and sustainable aviation fuels benefit from supported by strong regulatory and policy frameworks as well as a continuing demand for air travel.
CEO of MPP and Executive Director of the ITA, Faustine Delasalle, said: 'Just like the industries of yesterday located near the coal mines which powered them, the new generation of energy-intensive industrial plants will go to where they can access abundant, reliable, cheap, clean electricity to produce materials, chemicals and fuels. The industrial heartlands of the past will have to be smart and cooperate if they want to retain their leading positions. MPP's Global Project Tracker shows a relocation of the industrial base is already underway, with the new industrial sunbelt of the world poised to overtake Western nations in sectors like ammonia, causing major ripples throughout the global economy.'
Christiana Figueres, Co-Founder of Global Optimism, said : 'MPPs Global Project Tracker shows that a new Industrial Revolution is on the rise. Perhaps surprisingly, developing economies have an enormous opportunity to leapfrog fossil fuels in heavy industry and transport creating the infrastructure for sustainable economic growth in the 21st century. We now need to unlock the full potential of the clean industrial revolution and exponentially accelerate the existing pipeline.' The industrial relocation is driven by ammonia, an essential ingredient in fertilisers:
Analysis shows the new industrial sunbelt countries host over three quarters of all commercial-scale green ammonia production facilities planned globally (at both FID and announced). As well as its use in fertilisers for agriculture, clean ammonia is used in the manufacturing of explosives and is a clean shipping fuel contender. Decreasing electricity and electrolyser costs in emerging markets within the industrial sunbelt mean several countries are predicted to undercut the cost of fossil-fuel based grey ammonia by 2035. Additionally, green ammonia produced in the sunbelt is expected to cost as little as half the price of that produced in Western Europe or the US, underscoring the importance of access to low-cost renewable energy.
Total pipeline (FID and announced) global green ammonia production capacity from first-mover sunbelt countries could play a significant role in supply chains around the world: India – 8%: enough to fertilise an area almost three quarters of its own landmass
Egypt – 7%: enough to fertilise an area twice the size of Egypt Oman, Mauritania and Chile – 6% each: enough to fertilise a land area equivalent to six Omans
For low- and middle-income economies, the transition represents an opportunity to leapfrog carbon-intensive development, access new export markets and gain a competitive advantage in attracting value-creating industries. The development of domestic clean industrial bases can drive sustainable economic growth, create jobs, strengthen energy and agricultural security, and enable these nations to become significant players in future clean commodity markets. Corporate ambitions outpacing government ambition:
The pace of new commercial-scale clean project announcements remains strong, but the report highlights a persistent bottleneck: the conversion from announced projects to final investment decisions is too slow. If the rate of conversion seen in the last six months were to continue, it would take approximately 40 years for all announced projects to begin construction. Unlocking the full pipeline will require a fivefold increase in investment, along with concerted action from governments, financial institutions and corporate buyers. Governments, in particular, can secure industrial leadership by accelerating project financing through policy measures tailored to their unique resource and economic profile.
Dan Ioschpe, the COP30 High Level Champion, said 'As a businessperson I know that the companies around the world who have announced plans for sustainable industrial processes won't have done so lightly. The Global Project Tracker data shows the scale of corporate ambition and entrepreneurial spirit is high and clearly signals that businesses see this shift to sustainable processes as part of their long-term value creation. It is also clear that countries in the Global South are going to maximise their generation of renewable competitive energy, which could support the expansion of local value chains and hence, promote their social economic development. We now need to work hard to convert this to action and accelerate solutions on the ground, creating the right conditions for such developments.'
Additional analysis by MPP and the ITA highlights a range of actions that governments can take, such as fuel standard programmes, carbon pricing and state-backed intermediaries to empower domestic industry to help their countries seize part of this burgeoning economic opportunity. The ITA's Green Demand Policy Playbook sets out a range of evidence-based policy measures available to governments to spur on further investment in clean industry. Its Green Purchase Toolkit o ffers support and advice to companies that want to invest in clean industrial products and services. Mission Possible Partnership Global Project Tracker: here Additional information About Mission Possible Partnership: Mission Possible Partnership (MPP) is an independent non-profit organisation advancing global clean industry transformation. Since 2019, we have been working with some of the most energy-intensive industries – aluminium, cement, chemicals, shipping, aviation and steel – to cut their global GHG emissions. We mobilise business, finance, government and civil society leaders to speed up the shift to clean materials, chemicals and fuels. Having charted sectoral pathways to net-zero, we continue to forge new territory, lifting the barriers to enable a critical mass of clean industrial projects to break ground by 2030. Mission Possible Partnership has people and partners on the ground in North America, Brazil, Europe, the Middle East, North Africa, India and Australia. About the ITA: The ITA is a global multistakeholder initiative, launched at COP28, to catalyse decarbonisation across heavy-emitting industry and transport sectors, that represent a third of global emissions. With expansive networks across industry, financial institutions, and governments, the ITA brings together global leaders to unlock investment at scale, for the rapid deployment of
decarbonisation solutions. Within three years, it aims to significantly grow the pipeline of commercialscale, clean industrial projects to reduce emissions by 2030 and enable delivery of Paris Agreementaligned ambition for these sectors. https://ita.missionpossiblepartnership.org/ About the Global Project Tracker: Launching in April 2024, the Global Project Tracker maps this transition against the Sector Transition Strategy-derived near-term milestone of building a critical mass of clean industrial plants. This will drive the production of clean commodities in sufficient volumes to enable their markets to scale while their costs begin to fall. In six-monthly updates, the Tracker geoplots the pipeline of all known commercial-scale clean industrial plants, marking their deployment across announced, financial investment decision (FID) and in operation statuses. About the data: with methodology improvements, inclusion of new data sources and capacityadjusted targets for 'critical mass' – direct like-for-like comparisons to previous data is not possible.
While every effort has been made to ensure the accuracy and completeness of data related to the Chinese market, it is important to note that certain limitations may exist. The availability and transparency of publicly accessible information in China can vary significantly across sectors. We have taken every practical step to verify and validate the information included in the Global Project Tracker. Countries where commercial scale clean industrial plants are either operational, financed or announced include: Algeria
Angola
Argentina
Australia
Austria
Belgium
Bolivia
Brazil
Bulgaria
Canada
Chile
China
Colombia
Costa Rica
Croatia
Denmark
Egypt
Estonia
Europe
Finland
France
Germany
Greece Iceland
India
Indonesia
Ireland
Italy
Japan
Jordan
Kazakstan
Latvia
Lithuania
Malaysia
Mauritania
Mexico
Morocco
Mozambique
Namibia
Netherlands
New Zealand
Norway
Oman
Pakistan
Panama
Paraguay Peru
Philippines
Poland
Portugal
Qatar
Romania
Russia
Saudi Arabia
Singapore
South Africa
South Korea
Spain
Sweden
Thailand
Trinidad & Tobago
Turkey
Uganda
United Arab Emirates
United Kingdom
United States
Uruguay
Uzbekistan
Vietnam
Additional quotes:
Nick Studer, CEO of Oliver Wyman, said: 'The emergence of the new industrial sunbelt represents a pivotal moment in the global clean industry landscape. Countries like Brazil, UAE, India, and Egypt are not just catching up; they are poised to lead the charge in clean industrial projects, capturing over half of the global investment potential.
'This shift not only highlights the resilience and adaptability of emerging markets but also underscores the significant economic opportunities that lie ahead. As these nations step up and announce ambitious projects, they are setting the stage for a more sustainable and competitive future in the global economy.'
CEO of MPP and Executive Director of the ITA, Faustine Delasalle, said: 'A clean industrial revolution is already quietly underway on every continent of the world. Progress is being made but we're experiencing a bottleneck. Projects need a five-fold increase in investment by 2030 to allow the full benefits to flow and unlock a critical mass of clean projects – from steel works, to sustainable aviation fuel plants, to chemical plants for fertilisers and shipping fuels.
'Governments have a key role to play through implementing policy measures that open-up lead markets for clean commodities, derisk investments and stimulate corporate partnerships. This can give countries the competitive edge, access to new markets and strengthen their energy and supply chains.'
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Mid East Info
9 hours ago
- Mid East Info
New ‘industrial sunbelt' set to overtake the world's biggest economies in clean industry race - Middle East Business News and Information
China leads over US and EU but global analysis highlights industrial production diversifying beyond historic bases 'New industrial sunbelt' countries hold over half of $1.6 trillion global investment pipeline as clean ammonia, critical to food chains, shows signs of being a breakout market $250 billion of financing already committed to produce clean materials, chemicals and fuels, but a five-fold investment opportunity exists to unlock almost 700 announced projects across the world Governments in nearly 70 countries can secure early mover advantage by supporting the construction of announced projects through policy measures UAE,June 2025: China remains the frontrunner in clean industry development, securing a quarter of the $250 billion of investment in clean plants to date, closely followed by the US at 22% and the EU at 14%. But a bloc of emerging markets including India, Egypt and Brazil, part of the 'new industrial sunbelt', is quickly catching up to countries with historic industrial bases, according to new data from th e Global Project T racker a nd accompanying report published today by Mission Possible Partnership (MPP). The 'big three' industrial leaders may soon be overtaken by a host of newly industrialising countries capitalising on favourable conditions for renewable energy production and building momentum in sectors at the forefront of a new clean industrial revolution. This shift points to a potential industrial realignment, as the production of materials, chemicals and fuels moves across geographies and new trade corridors emerge. At the heart of this shift is the industrial sunbelt, a region spanning Africa, Asia and South America where abundant natural resources are being harnessed to provide solar energy and supportive policy environments and cost advantages combine to create ideal conditions for new industrial processes. Industrial sunbelt countries, such as Indonesia and Morocco, have secured a fifth of investment in clean industrial plants to date. However, a $948 billion investment opportunity exists for their announced projects, particularly as economies dominated by agriculture increasingly see lower-cost clean ammonia for fertiliser as both an economic opportunity and a chance to build increased food security. The new report, Clean Industry: Transformational Trends , by MPP and supported by the Industrial Transition Accelerator (ITA) – global alliances focused on advancing clean industry transformation – shows a global $1.6 trillion pipeline of projects announced but not yet financed. Industrial sunbelt countries account for 59% of this investment pipeline, compared to18% for the US, 10% for the EU, and just 6% for China . Projects span key sectors, including aluminium, chemicals, cement, aviation and steel. In total, a record 826 commercial-scale clean industrial plants across 69 countries are logged in the MPP Global Project Tracker. The growth in this third edition of the Global Project Tracker underscores that companies around the world are continuing to capitalise on clean industrial projects and tap into nascent markets despite ongoing geopolitical and economic uncertainty. The data shows that of all projects, 69 are operational and 65 have secured financing, with eight reaching final investment decision in the last six months. The remaining 692 projects have been announced but are not yet financed. Despite increasing competition alongside economic and political headwinds, projects representing $450 billion of investment have been announced in the US and the EU. These countries now face a significant opportunity to enhance investment conditions or risk falling behind. Investment has thrived where projects are supported by stable policies, measures to boost demand, strategic public funding and lower regional capex costs. The fastest-growing clean industry sectors are green ammonia (28 plants at FID, 344 announced) and sustainable aviation fuels (22 operational plants, seven at FID and 144 announced). Both present a strong business case: with clean ammonia being a drop-in solution for the fertiliser sector – a pre-existing market at scale and sustainable aviation fuels benefit from supported by strong regulatory and policy frameworks as well as a continuing demand for air travel. CEO of MPP and Executive Director of the ITA, Faustine Delasalle, said: 'Just like the industries of yesterday located near the coal mines which powered them, the new generation of energy-intensive industrial plants will go to where they can access abundant, reliable, cheap, clean electricity to produce materials, chemicals and fuels. The industrial heartlands of the past will have to be smart and cooperate if they want to retain their leading positions. MPP's Global Project Tracker shows a relocation of the industrial base is already underway, with the new industrial sunbelt of the world poised to overtake Western nations in sectors like ammonia, causing major ripples throughout the global economy.' Christiana Figueres, Co-Founder of Global Optimism, said : 'MPPs Global Project Tracker shows that a new Industrial Revolution is on the rise. Perhaps surprisingly, developing economies have an enormous opportunity to leapfrog fossil fuels in heavy industry and transport creating the infrastructure for sustainable economic growth in the 21st century. We now need to unlock the full potential of the clean industrial revolution and exponentially accelerate the existing pipeline.' The industrial relocation is driven by ammonia, an essential ingredient in fertilisers: Analysis shows the new industrial sunbelt countries host over three quarters of all commercial-scale green ammonia production facilities planned globally (at both FID and announced). As well as its use in fertilisers for agriculture, clean ammonia is used in the manufacturing of explosives and is a clean shipping fuel contender. Decreasing electricity and electrolyser costs in emerging markets within the industrial sunbelt mean several countries are predicted to undercut the cost of fossil-fuel based grey ammonia by 2035. Additionally, green ammonia produced in the sunbelt is expected to cost as little as half the price of that produced in Western Europe or the US, underscoring the importance of access to low-cost renewable energy. Total pipeline (FID and announced) global green ammonia production capacity from first-mover sunbelt countries could play a significant role in supply chains around the world: India – 8%: enough to fertilise an area almost three quarters of its own landmass Egypt – 7%: enough to fertilise an area twice the size of Egypt Oman, Mauritania and Chile – 6% each: enough to fertilise a land area equivalent to six Omans For low- and middle-income economies, the transition represents an opportunity to leapfrog carbon-intensive development, access new export markets and gain a competitive advantage in attracting value-creating industries. The development of domestic clean industrial bases can drive sustainable economic growth, create jobs, strengthen energy and agricultural security, and enable these nations to become significant players in future clean commodity markets. Corporate ambitions outpacing government ambition: The pace of new commercial-scale clean project announcements remains strong, but the report highlights a persistent bottleneck: the conversion from announced projects to final investment decisions is too slow. If the rate of conversion seen in the last six months were to continue, it would take approximately 40 years for all announced projects to begin construction. Unlocking the full pipeline will require a fivefold increase in investment, along with concerted action from governments, financial institutions and corporate buyers. Governments, in particular, can secure industrial leadership by accelerating project financing through policy measures tailored to their unique resource and economic profile. Dan Ioschpe, the COP30 High Level Champion, said 'As a businessperson I know that the companies around the world who have announced plans for sustainable industrial processes won't have done so lightly. The Global Project Tracker data shows the scale of corporate ambition and entrepreneurial spirit is high and clearly signals that businesses see this shift to sustainable processes as part of their long-term value creation. It is also clear that countries in the Global South are going to maximise their generation of renewable competitive energy, which could support the expansion of local value chains and hence, promote their social economic development. We now need to work hard to convert this to action and accelerate solutions on the ground, creating the right conditions for such developments.' Additional analysis by MPP and the ITA highlights a range of actions that governments can take, such as fuel standard programmes, carbon pricing and state-backed intermediaries to empower domestic industry to help their countries seize part of this burgeoning economic opportunity. The ITA's Green Demand Policy Playbook sets out a range of evidence-based policy measures available to governments to spur on further investment in clean industry. Its Green Purchase Toolkit o ffers support and advice to companies that want to invest in clean industrial products and services. Mission Possible Partnership Global Project Tracker: here Additional information About Mission Possible Partnership: Mission Possible Partnership (MPP) is an independent non-profit organisation advancing global clean industry transformation. Since 2019, we have been working with some of the most energy-intensive industries – aluminium, cement, chemicals, shipping, aviation and steel – to cut their global GHG emissions. We mobilise business, finance, government and civil society leaders to speed up the shift to clean materials, chemicals and fuels. Having charted sectoral pathways to net-zero, we continue to forge new territory, lifting the barriers to enable a critical mass of clean industrial projects to break ground by 2030. Mission Possible Partnership has people and partners on the ground in North America, Brazil, Europe, the Middle East, North Africa, India and Australia. About the ITA: The ITA is a global multistakeholder initiative, launched at COP28, to catalyse decarbonisation across heavy-emitting industry and transport sectors, that represent a third of global emissions. With expansive networks across industry, financial institutions, and governments, the ITA brings together global leaders to unlock investment at scale, for the rapid deployment of decarbonisation solutions. Within three years, it aims to significantly grow the pipeline of commercialscale, clean industrial projects to reduce emissions by 2030 and enable delivery of Paris Agreementaligned ambition for these sectors. About the Global Project Tracker: Launching in April 2024, the Global Project Tracker maps this transition against the Sector Transition Strategy-derived near-term milestone of building a critical mass of clean industrial plants. This will drive the production of clean commodities in sufficient volumes to enable their markets to scale while their costs begin to fall. In six-monthly updates, the Tracker geoplots the pipeline of all known commercial-scale clean industrial plants, marking their deployment across announced, financial investment decision (FID) and in operation statuses. About the data: with methodology improvements, inclusion of new data sources and capacityadjusted targets for 'critical mass' – direct like-for-like comparisons to previous data is not possible. While every effort has been made to ensure the accuracy and completeness of data related to the Chinese market, it is important to note that certain limitations may exist. The availability and transparency of publicly accessible information in China can vary significantly across sectors. We have taken every practical step to verify and validate the information included in the Global Project Tracker. Countries where commercial scale clean industrial plants are either operational, financed or announced include: Algeria Angola Argentina Australia Austria Belgium Bolivia Brazil Bulgaria Canada Chile China Colombia Costa Rica Croatia Denmark Egypt Estonia Europe Finland France Germany Greece Iceland India Indonesia Ireland Italy Japan Jordan Kazakstan Latvia Lithuania Malaysia Mauritania Mexico Morocco Mozambique Namibia Netherlands New Zealand Norway Oman Pakistan Panama Paraguay Peru Philippines Poland Portugal Qatar Romania Russia Saudi Arabia Singapore South Africa South Korea Spain Sweden Thailand Trinidad & Tobago Turkey Uganda United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vietnam Additional quotes: Nick Studer, CEO of Oliver Wyman, said: 'The emergence of the new industrial sunbelt represents a pivotal moment in the global clean industry landscape. Countries like Brazil, UAE, India, and Egypt are not just catching up; they are poised to lead the charge in clean industrial projects, capturing over half of the global investment potential. 'This shift not only highlights the resilience and adaptability of emerging markets but also underscores the significant economic opportunities that lie ahead. As these nations step up and announce ambitious projects, they are setting the stage for a more sustainable and competitive future in the global economy.' CEO of MPP and Executive Director of the ITA, Faustine Delasalle, said: 'A clean industrial revolution is already quietly underway on every continent of the world. Progress is being made but we're experiencing a bottleneck. Projects need a five-fold increase in investment by 2030 to allow the full benefits to flow and unlock a critical mass of clean projects – from steel works, to sustainable aviation fuel plants, to chemical plants for fertilisers and shipping fuels. 'Governments have a key role to play through implementing policy measures that open-up lead markets for clean commodities, derisk investments and stimulate corporate partnerships. This can give countries the competitive edge, access to new markets and strengthen their energy and supply chains.'
Mid East Info
08-05-2025
- Mid East Info
$100B Green Industry Push: Egypt Joins UAE & Bahrain in Landmark MENA Pact to Fast-Track Green Industrial Projects
New partnership with Egypt as critical Industrial Transition Accelerator (ITA) partner to fast-track industrial decarbonisation and support clean industrial growth Abu Dhabi, UAE – The Industrial Transition Accelerator (ITA) announced a new partnership with Industrial Modernization Center (IMC) under the Arab Republic of Egypt's Ministry of Industry to accelerate critical clean industrial projects in the region. The signing of the partnership agreement was attended by His Excellency Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and ITA Co-Chair of the Industrial Transition Accelerator, His Excellency Lieutenant General Engineer Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport in Egypt, and His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade in the UAE. The agreement was signed by His Excellency Omar Suwaina Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology of the UAE, on behalf of the ITA, and Duaa Salima, Executive Director of the IMC on behalf of Egypt. His Excellency Omar Suwaina Al Suwaidi said: 'The MENA region has a unique opportunity to become a world leader in sustainable industries, driven by a rapidly expanding industrial sector and abundant human and natural resources. The ITA's new partnership with Egypt marks the beginning of an exciting chapter, where we can strengthen regional cooperation to advance industrial sustainability, and reduce carbon emissions. Lastly, to benefit from advanced technologies in developing innovative solutions to achieve sustainable goals while enhancing industrial competitiveness.' He added: 'The ITA is a strategic necessity for building a resilient industrial ecosystem that aligns with future global trends. It works to enable industries to adopt practices and technologies that minimize environmental impact while improving productivity. At the Ministry of Industry and Advanced Technology of the UAE, we are committed to accelerating the deployment of innovative solutions for industrial decarbonization to ensure the region's readiness for a sustainable industrial future.' The ITA aims to bring together leadership across industry, finance and governments to accelerate decarbonisation in key high-emitting industries on both the regional and international levels for the aluminium, cement, chemicals, steel, aviation and shipping sectors. The partnership will expand and support essential green industrial projects across the MENA region, marking a major step forward in reducing the industrial sector's carbon footprint. Egypt's inclusion in the initiative marks a significant milestone, making it the third country to join the ITA's MENA Programme, following the UAE and The Kingdom of Bahrain. Egypt is a key industrial hub in the MENA region and is contributing to the global shift toward sustainable industry, given its strategic location and access to conventional and renewable energy sources. The industrial sector in Egypt inputs significantly to the national economy and its national industrial strategy aims to contribute to the GDP from 14% to 20% by 2030 and green economy's share to 5%. of GDP and will have a critical role in green economic development. With the support that Egypt will receive as part of the ITA's MENA programme, Egypt has the opportunity to become a critical supplier within the MENA region for Europe's demand for low-carbon commodities. Duaa Salima, Executive Director of the IMC, welcomed the signed Memorandum of Understanding (MoU), which underpins the new partnership and aims to foster co-operation in reducing carbon emissions from the heavy-emitting industry and transport sectors that are the focus of the ITA's work, as well as to facilitate the exchange of technical knowledge, advice, skills, and expertise through the ITA. Ms. Salima stated that the MoU seeks to provide comprehensive support for a range of carbon emissions reduction projects in the heavy-emitting industry and transport sectors, helping to accelerate the path to a final investment decision. She emphasised that this partnership highlights the need for government support to enhance collaboration, streamline processes, and ensure alignment with national emissions reduction targets. The ITA, in collaboration with the UAE Ministry of Industry and Advanced Technology (MoIAT), will identify and support major industrial projects, fast-tracking final investment decisions over the next two years to become operational before 2030. These efforts support the climate objectives set forth under the Paris Agreement. 'This partnership with Egypt builds on the growing momentum of ITA's MENA Programme. With its established energy infrastructure, growing renewable energy capacity, and close trade ties to the EU, Egypt is well-positioned to become a leader in supplying low-carbon industrial goods,' said Faustine Delasalle, Executive Director of the ITA. The ITA has established a successful country partnership model, working with governments, project developers and local organisations to provide bespoke and targeted support that progresses a portfolio of green industrial products in heavy-emitting industrial and transport sectors to become financed. In 2024, the ITA launched Project Support Programmes in partnership with the government of Brazil and in the MENA region with the governments of the UAE and Bahrain. So far, these programmes have identified a pipeline of more than 45 projects, representing investment opportunities of over USD100 billion. The ITA will provide specialized support to ensure the successful execution of projects, accelerating decarbonization efforts across the MENA region. The initiative will work closely with project developers to identify and overcome key barriers, including stimulating demand for green products through regulatory and policy alignment at the regional level, developing low-emission value chains to support sustainable industrial production, and establishing risk mitigation mechanisms to encourage investment in regional industrial decarbonization projects. About the ITA: The ITA is a global multistakeholder initiative, launched at COP28, to catalyse decarbonisation across heavy-emitting industry and transport sectors, that represent a third of global emissions. With expansive networks across industry, financial institutions, and governments, the ITA brings together global leaders to unlock investment at scale, for the rapid deployment of decarbonisation solutions. Within three years, it aims to significantly grow the pipeline of commercial-scale, clean industrial projects to reduce emissions by 2030 and enable delivery of Paris Agreement-aligned ambition for these sectors. About the Industrial Modernization Center of Egypt: The Industrial Modernization Center seeks to provide technical and managerial consultancy to improve production and administrative processes in companies and factories, enhancing their efficiency and competitiveness. The Center also organizes comprehensive training programs aimed at developing the technical and managerial skills of workers in the industrial sector, strengthening their capacity for innovation and productivity. The Center works to connect industry with scientific research and advanced technology by implementing projects that integrate modern technologies and renewable energy applications into industrial operations. Additionally, it strives to achieve environmental and economic sustainability in Egyptian industries by adopting eco-friendly practices and reducing waste.
Egypt Today
01-12-2024
- Egypt Today
Entlaq, Informa Markets forge strategic partnership to accelerate Egypt's clean-tech growth, other strategic sectors
CAIRO – 1 December 2024: Entlaq, a leading think tank driving innovation and entrepreneurship in Egypt, proudly announces its partnership with Informa Markets, the global leader in exhibition and event management. This collaboration is centered on the launch of the highly anticipated Egypt's Clean-Tech Landscape 2024 sector report, aimed at positioning Egypt as a regional hub for clean technology innovation and sustainable development, as well as extending this partnership to Entlaq's different sectorial reports across Informa Events. This first-of-its-kind report provides a comprehensive analysis of Egypt's clean-tech sector, focusing on renewable energy, waste management, water conservation, and green hydrogen. It evaluates market dynamics, highlights key growth opportunities, and proposes actionable recommendations for policymakers, investors, and entrepreneurs. By addressing critical challenges, such as expertise gaps, regulatory barriers, and infrastructure deficits, the report serves as a roadmap to foster clean-tech innovation and investment in Egypt. As part of this partnership, Informa Markets will support Entlaq in the outreach and meetups with relevant stakeholders and integrate the report's findings into its flagship Egypt Energy Event as well as promoting it with its local and International Network and Events. Entlaq will be recognized as the exclusive Think Tank Partner for the 2025 edition of Egypt Energy, where it will lead discussions on policy frameworks, market trends, and innovation opportunities to accelerate clean-tech adoption and investments. Entlaq's role as a thought leader will amplify the impact of the event, bridging gaps between stakeholders and promoting actionable solutions for the energy sector. 'We are thrilled to partner with Informa Markets to accelerate Egypt's transition to a tech-driven economy,' CEO of Entlaq Holding, Mohamed Ehab, said, 'Our collaboration, both locally and internationally, aligns with our mission to empower entrepreneurs, attract sustainable investments, and establish Egypt as a leader in clean energy and innovation.' He further highlighted the strategic significance of the Egypt's Clean-Tech Landscape 2024 report, stating, 'This report serves as a critical enabler for accelerating investment in the clean-tech sector, which is pivotal to achieving Egypt's renewable energy targets and sustainable development goals. By addressing gaps in skills, investment flows, and policy frameworks, and by identifying emerging opportunities, the report acts as a comprehensive roadmap for decision-makers, investors, startups, and ecosystem enablers. Its data-driven insights provide a solid foundation for designing policies, initiatives, and programs that will enhance the entire clean-tech ecosystem and catalyze sustainable growth.' 'We at Informa Markets are delighted to announce our collaboration with Entlaq as a key partner across all Informa events in Egypt. This partnership reflects our commitment to providing platforms that support innovation and entrepreneurship while driving growth across various economic sectors. We are confident that this collaboration will bring exceptional value to our events and pave the way for further shared successes,' Group Director at Informa Markets, Mostapha Khalil, said. 'Our collaboration with Entlaq across Informa Markets' energy portfolio underscores our mutual dedication to innovation and sustainability in the energy sector. By combining Entlaq's visionary approach with our global platforms, we aim to empower industry leaders, drive impactful discussions, and foster partnerships that shape a sustainable energy future," Group Director - Energy Middle East and Africa at Informa Markets, Mark Ring, stated. In addition to domestic efforts, the partnership extends to the international stage, with Entlaq presenting the Egypt's Clean-Tech Landscape 2024 report at the Middle East Energy Exhibition in Dubai and other Informa's International Events. This prestigious platform will showcase Egypt's clean-tech potential to a global audience of investors, innovators, and policymakers, highlighting opportunities for cross-border collaboration and investment. Informa Markets, a subsidiary of Informa plc, creates platforms for industries and specialist markets to trade, innovate, and grow. Its portfolio comprises more than 550 international B2B events and brands in markets including Engineering, Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. Informa Markets provides customers and partners around the globe with opportunities to engage, experience, and do business through face-to-face exhibitions, specialist digital content, and actionable data solutions. As the world's leading exhibitions organizer, Informa Markets brings a diverse range of specialist markets to life, unlocking opportunities and helping them thrive 365 days a year. This collaboration underscores Entlaq and Informa Markets' shared vision of pushing the boundaries of Egypt's innovation, paving the way for a sustainable future powered by clean technologies and global partnerships.
