Latest news with #EnergyIndustriesCouncil
Al Etihad
15-07-2025
- Business
- Al Etihad
Middle East takes lead in global energy markets, clean tech adoption, says report
16 July 2025 00:40 DUBAI (ALETIHAD)The Middle East is dominating global energy markets while spearheading the adoption of clean energy technologies, with the UAE and Saudi Arabia taking the lead, according to the Energy Industries Council's (EIC) latest Survive & Thrive noted that 90% of energy companies operating in the region reported growth in 2024, with average revenues jumping at 68%, the highest across all regions a time when much of the world is grappling with policy uncertainty, inflation, and talent shortages, the Middle East appears to be charting its own, far more confident course, according to the energy supply chain association and provider of global project data and market insights. The region's standout performance is not a one-off. Companies are forecasting another strong year in 2025, the report in the Americas reported 20% growth on average, followed by the UK and Ireland at 16%, Continental Europe at 13%, and Asia Pacific lagging behind at 8%."The Middle East isn't picking winners, it's investing in all energy technologies," said Stuart Broadley, CEO of the EIC, the world's leading trade association for companies providing products and services to the energy industry. "That pragmatism is why it's now the global magnet for talent and capital. This is indeed the right approach to follow for energy security, industry growth, and supporting the energy transition."Instead of viewing the energy transition as a zero-sum game, governments in the region have taken a balanced and inclusive approach. Hydrocarbons remain vital, with more than 90% of EIC member companies in the region still focusing on oil and gas. But the growth of investment into renewables, hydrogen, and digital infrastructure reveals a willingness to embrace what's next, without abandoning what works now, the report a world where the average growth rate hovered between 8% and 20% in most regions, Middle Eastern firms more than tripled that figure. The UAE and Saudi Arabia, in particular, have made aggressive moves not just in oil and gas, but in AI-driven logistics, smart infrastructure, and clean technology, the report said."Encouraging tech adoption in logistics - like GPS tracking, automation, and AI - would increase efficiency, transparency, and global competitiveness," said one executive interviewed for the Survive & Thrive report, echoing a broader sentiment that the region is now outpacing even the US and Europe in practical tech adoption. Broadley agrees: "The UAE and Saudi Arabia aren't just winning on oil and gas. They're out-innovating Europe and the US in tech adoption."
Zawya
08-05-2025
- Business
- Zawya
Sarawak Deputy Minister to discuss Borneo's green energy shift at Energy Exports Conference
ABERDEEN, Scotland — Sarawak's Deputy Minister of Energy and Environmental Sustainability, the Honourable Dr. Haji Hazland bin Abg. Haji Hipni will deliver a keynote address at the Energy Exports Conference (EEC) 2025, held on June 3–4 at P&J Live in Aberdeen. EEC 2025, organised by global supply chain trade association -- the Energy Industries Council, brings together energy industry leaders to explore real-world project opportunities and means of accelerating the global energy transition. The event provides a key platform for the energy supply chain to navigate new export markets and form cross-border partnerships. Dr. Haji Hazland bin Abg. Haji Hipni will lead a Sarawak delegation to Aberdeen to present the 'Opportunities in Borneo' session. Taking place on 3 June, the session will explore Borneo's roadmap for sustainable energy development and the associated investment and export opportunities whilst also highlighting Borneo's plans to leverage its hydropower muscle to attract foreign investment. 'Sarawak isn't just talking about energy transition, it's building the infrastructure to lead it,' said EIC CEO Stuart Broadley. 'Their strategy dovetails with EEC's goal of turning dialogue into real projects that cut emissions without killing economies.' EEC 2025 aims to bridge gaps between policymakers, operators, financiers and the supply chain. Its panels are set to discuss regional opportunities from Saudi Arabia's mega-projects to Africa's untapped renewables. Breakout sessions will take a deeper look into issues like de-risking emerging markets and scaling supply chains for offshore wind and nuclear. The event will also feature open discussions on cross-border hydrogen ventures and carbon capture tech as applied in different regions around the world. 'As nations scramble to hit net-zero targets, Borneo's mix of hydropower dominance and hydrogen potential could make it a critical testing ground for Asia's energy transition,' Broadley said. 'We expect Dr. Haji Hazland bin Abg. Haji Hipni's address in Aberdeen to echo Sarawak's broader regional approach: marry public-private partnerships with tech innovation to monetise sustainability.' In February, the EIC, in collaboration with the Ministry of Energy and Environmental Sustainability in Sarawak, organised its flagship regional event, EIC Connect Borneo, which convened more than a thousand delegates to discuss the latest energy transition trends and business opportunities in the region. The Energy Industries Council brings together over 950 companies from the energy supply chain sector across all industries. Since 1943, we have evolved to provide up-to-date global market intelligence, unrivalled networking opportunities, and direct engagement with policymakers across regions. Our members—leading innovators, industry experts, and global thinkers—are at the forefront of the energy transition. Through our leading events, real-time project data, and policy expertise, we help members capitalise on opportunities and scale their operations globally. Together, we are working towards a more sustainable future.
