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Dubai to Establish Large Energy-from-Waste Project

Construction work at one of the world’s largest energy-from-waste (EfW) facilities. Asharq Al-Awsat
Construction work at one of the world’s largest energy-from-waste (EfW) facilities. Asharq Al-Awsat
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Dubai to Establish Large Energy-from-Waste Project

Construction work at one of the world’s largest energy-from-waste (EfW) facilities. Asharq Al-Awsat
Construction work at one of the world’s largest energy-from-waste (EfW) facilities. Asharq Al-Awsat

Dubai Holding has partnered with Dubal Holding, ITOCHU Corporation, Hitachi Zosen Inova, BESIX Group and Tech Group to develop one of the world’s largest energy-from-waste (EfW) facility, Emirates News Agency (WAM) reported.

The consortium of leading international companies will build and operate the AED 4 billion project under a 35-year concession period with Dubai Municipality. This landmark public-private partnership represents one of the most significant renewable energy investments in the United Arab Emirates, WAM said.

The Dubai Centre for Waste Processing, located in the Warsan area, will treat 5,666 tons of municipal solid waste produced by Dubai per day. A total of 1,900,000 tons of waste per year will be converted into renewable energy. The approximate 200 MW of electricity generated will be fed into the local grid as clean energy. The facility will have the capacity to process up to 45 percent of Dubai’s current municipal waste generation, in turn significantly minimizing the volume of municipal waste in landfills.

In line with the UN Sustainable Development Goals (SDGs), the facility will contribute to reaching the goals set by Dubai Municipality in minimizing the volume of municipal waste in landfills and developing alternative energy sources as well as contribute to sustainable and ecologically friendly waste management in the Emirate and the targets outlined in the Dubai Clean Energy Strategy 2050.

The Vice President and Prime Minister of the UAE and the Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, had given the start signal for implementing the project in line with international environmental standards and with a capacity of about one thousand trucks per day. Foundational works on the project are proceeding at pace.

The project finance loan agreements, in the amount of $900 million, have been finalized with Japan Bank for International Cooperation and financial institutions including Société Générale Bank, KfW IPEX Bank, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd., Siemens Bank and Crédit Agricole Bank. Nippon Export and Investment Insurance (NEXI) will provide the insurance for a part of the loan being provided by the financial institutions.

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Saudi Ministers: Saudi Arabia Advances Efforts Toward Environmental, Economic Sustainability

Prince Abdulaziz bin Salman, Saudi Minister of Energy (SPA)
Prince Abdulaziz bin Salman, Saudi Minister of Energy (SPA)
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Saudi Ministers: Saudi Arabia Advances Efforts Toward Environmental, Economic Sustainability

Prince Abdulaziz bin Salman, Saudi Minister of Energy (SPA)
Prince Abdulaziz bin Salman, Saudi Minister of Energy (SPA)

Saudi ministers highlighted the Kingdom’s substantial progress in transitioning to renewable energy, addressing critical global environmental challenges such as desertification and land degradation. Speaking at the opening day of the fourth Saudi Green Initiative (SGI) Forum, they emphasized the vital role of the private sector in driving environmental investments.

Held in Riyadh on December 3-4 under the theme ‘By Nature We Lead’, the forum unveiled five new initiatives valued at SAR 225 million ($60 million), underlining Saudi Arabia’s leadership in climate and environmental action. With total investments under SGI reaching SAR 705 billion ($188 billion), the 86 ongoing initiatives are advancing the goals of the Rio Conventions on biodiversity, climate change, and desertification.

In his remarks, Prince Abdulaziz bin Salman, Minister of Energy, called the replacement of one million barrels of oil with gas and renewable energy a significant milestone. He noted the Kingdom’s rapid progress in energy transition, which also generates financial benefits.

Highlighting Vision 2030 achievements, he affirmed ongoing efforts to support the circular economy. He also praised the pivotal role of Saudi youth and women in advancing environmental and climate initiatives, describing women’s empowerment as a source of pride.

For his part, Minister of Investment Khalid Al-Falih emphasized the government’s proactive approach to reducing risks associated with the green transition. He highlighted a growing global trend in funding sustainable energy and circular economy projects.

Stressing the need for billions in investment to achieve sustainable financing, he predicted that Saudi investments would grow more than sevenfold by 2030. He also pointed to increasing global demand for green energy and manufacturing, positioning Saudi Arabia as an ideal hub for exploring these opportunities.

In turn, Bandar Al-Khorayef, Minister of Industry and Mineral Resources outlined the Kingdom’s strategy to integrate national and global priorities through Vision 2030, ensuring a balanced approach that benefits both the public and private sectors. He noted that the private sector cannot bear financial burdens alone and that the government must provide essential infrastructure, regulatory frameworks, and an environment conducive to innovation and new ideas.

Faisal Al-Ibrahim, Minister of Economy and Planning, reaffirmed Saudi Arabia’s ambition to lead in innovation and sustainable solutions for addressing environmental challenges. He told the attendees that climate issues transcend borders, requiring diverse and effective solutions. He also highlighted the Kingdom’s substantial investments in green solutions, calling them essential for sustainable development and environmental preservation.

For his part, Amin Nasser, CEO of Aramco, detailed the company’s contributions to Saudi Arabia’s renewable energy expansion. He projected that the Kingdom’s renewable energy capacity would reach 130 gigawatts by 2030.

Nasser also highlighted Aramco’s initiatives to replace the annual burning of one billion barrels of liquid fuels with natural gas and renewables. By 2030, 60% of Saudi Arabia’s energy capacity is expected to come from gas, with the remaining 40% from renewables.

Nasser emphasized the need for affordable, secure, and sustainable energy solutions. He also praised advancements achieved at the UN Climate Change Conference (COP29), including updates to Article 6 mechanisms and increased financing for developing nations. He pointed that a key outcome was raising funding commitments from $100 billion, established in Copenhagen in 2009, to $300 billion, marking a significant step toward global climate action.