The Middle East is addressing climate change to achieve sustainable environmental security.

The region is particularly affected by climate change due to its large production and consumption of fossil fuels.

The Middle East's renewable energy market is expected to grow 13.43% annually from 2023-2028.

The Arab Clean Energy Initiative targets 80 GW of renewable energy capacity by 2030, up from 12 GW in 2013.

Egypt has launched the 'Egypt Solar Platform' to increase solar panel installations, aiming for 42% renewable energy by 2030.

Several Middle Eastern countries, including the UAE, Jordan, and Turkey, are promoting renewable energy through large-scale projects.

The UAE views the energy transition as a chance to diversify its economy.

At least $3 trillion will be invested in renewable energy over the next decade.

The Middle East added 3.2 gigawatts of new renewable capacity in 2022, a 12.8 percent increase over 2021.

Arab countries' investments in renewable energy are expected to reach $1 trillion by 2040.

The UAE leads Arab countries in solar energy production, while Egypt leads in wind energy production.

The Middle East and North Africa region has one of the world's highest solar energy potentials, driven by countries like Saudi Arabia, the UAE, Morocco, and Egypt.

The UAE and Saudi Arabia have achieved solar contract tariffs as low as 1.03 cents per kilowatt-hour.

The region is home to the largest single-site solar farm, a 2 GW project in Al Dhafra, Abu Dhabi.

Egypt has solar projects totaling 1.59 GW installed, 0.75 GW under construction, and 1.6 GW planned.

The UAE is investing Dh600 billion in clean energy to achieve net zero emissions by 2050.

Saudi Arabia aims to be carbon neutral by 2060 with new renewable energy projects.

Egypt targets 42% of its electricity from renewables by 2035.

The Middle East is addressing climate change to achieve sustainable environmental security.

Title:

Content: Monday 26th September 2022 Abu Dhabi UAE
Prayer times
Today 's Issue
Today 's Issue
United Arab Emirates
TRENDS Conference: Middle East Security and Climate Change Challenges
TRENDS Conference: Middle East Security and Climate Change Challenges
September 26, 2022 02: 56
Abu Dhabi (Union)
With the participation of Al-Ittihad newspaper and in cooperation with the Atlantic Council, TRENDS Research and Consulting Center is organizing its second annual conference, entitled “Sustainable Security in the Middle East: Challenges and Prospects of Climate Change ”, at the Council ’ s headquarters in Washington, DC, with the participation of four ministers and about 30 speakers from important political figures and experts from different countries of the world.
The conference aims to highlight climate change as a global crisis that requires new approaches and joint steps to address the consequences, while at the same time providing innovative solutions in all sectors in which climate diplomacy plays a pivotal role for a better future for the Middle East and the whole world.
This year ’ s conference will discuss climate action in the region, explore environmental challenges and opportunities, and showcase ambitious solutions.
The two-day sessions will also provide unique perspectives focusing on climate resilience, the transition to a low-emission economy, and collaboration to solve pressing challenges.
The conference aims to draw insights from experts and practitioners from within and outside the region to formulate recommendations for policymakers.
Keyword
Keynote addresses will be delivered by H.E. Sheikh Nahyan bin Mubarak Al Nahyan, Cabinet Member and Minister of Tolerance; Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, Chief Executive Officer of the UAE Independent Climate Action Accelerators Project; H.E. Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology; UAE Special Envoy for Climate Change; H.E. Maryam Al Muhairi, Minister of Climate Change and David Livingstone, Senior Advisor to the US Presidential Special Envoy.
Dr. Mohammed Abdullah Al-Ali, CEO of TRENDS Research and Consulting Center, said that the second annual TRENDS conference, which coincides with the Center ’ s celebrations of its eighth anniversary, with its participation of experts and thinkers, will certainly be an important opportunity to present ideas and perceptions that help support regional and international efforts to address the threat of global warming. In order to overcome them and achieve the desired goals, especially in the field of achieving sustainable environmental security, in the Middle East region.
Dr. Al-Ali stressed that TRENDS aims to organize its second annual conference “Sustainable Security in the Middle East: Challenges and Prospects of Climate Change ”, in cooperation with the Atlantic Council, to be a bridge of knowledge and academic communication linking the most important think tanks and studies at the regional and international levels. About 30 speakers were important political figures and experts from around the world.
Regional focus
Hamad Al Kaabi, Editor-in-Chief of the Union, stressed that the media is a key partner in raising awareness of the importance of addressing climate change, which is no longer a future threat but a daily challenge facing all the world ’ s population and all countries.
Al-Kaabi, who will present a paper at the conference on “The role of media in supporting green security initiatives, ” said that the region is now the focus of the world ’ s attention as it hosts Cop27 events in the Egyptian city of Sharm el-Sheikh from November 8 to 18, and the United Arab Emirates hosts Cop28 events in the city of « Expo Dubai » in November 2023.
It has become clear that climate change has become a file that requires regional cooperation, as well as concerted global efforts to curb climate change, protect sustainable development plans, and maintain the development and prosperity paths in the Middle East.
The conference will begin with an opening speech by H.E. Sheikh Nahyan bin Mubarak Al Nahyan, Cabinet Member and Minister of Tolerance and Coexistence, while the keynote speech will be delivered by David Livingstone, Senior Advisor to the US Presidential Special Envoy for Climate Affairs.
Security and Climate Change
The first day will also feature a welcome speech by Dr. Mohammed Abdullah Al-Ali, CEO of TRENDS Center, and Mr. Jonathan Panikov, Director of the Scowcroft Middle East Security Initiative, Middle East Programs, Atlantic Council.
The first session of the conference will discuss the topic of national security, climate change and the Middle East: current challenges and future prospects, highlighting the perspective of climate change and national security in the region and their implications for the Middle East and the stability of the region, environmental changes and the effects of global warming on public health, the link between extreme natural phenomena and increased migration flows, and climate change as a geopolitical challenge: adaptation and resilient development.
The session will be moderated by Reina Nainan, Senior Non-Resident Researcher at the Adrian Arsht-Rockefeller Foundation Resilience Center, Atlantic Council, and the co-founder ’ s CEO, News3 Dow.
Scarcity of resources
The second session will address the impacts of resource scarcity and population growth in the Middle East.
The effects of the war in Ukraine are discussed in the Middle East's main agricultural imports, such as wheat.
As well as the challenges facing the region in terms of high demand for food and water, especially in light of the expected increase in the region ’ s population, future prospects and implications of population growth and drought on the infrastructure of food and water systems, the strategic importance of water and the growing concept of cross-border water conflict in the Middle East and North Africa, the impact of climate change on supply chains, regional food security strategies and the effects of the war in Ukraine.
The session will be moderated by Dr. Christian Alexander, Head of Strategic Studies at Trends.
Clean energy
The third session of the first day of the conference will begin in the afternoon US time with a keynote address by H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and UAE Special Envoy for Climate Change.
The session will then address energy industries, infrastructure and politics in the Middle East: opportunities and challenges of the transition to clean energy, and will discuss the transition to an energy system in which environmentally friendly technologies and the potential of sustainable clean energy sources play an increasingly important role.
In addition to the role of industrial partnerships in the transition to safe and low-carbon energy systems, the transformations of key high-energy industries in pursuit of sustainability objectives, the impact of increased regional gas supplies to Europe (in light of the Russian invasion of Ukraine) on the rapid transition to wind, solar and hydrogen, the challenges of energy transition in the Middle East and North Africa, and the impact of renewable energy generation on urban infrastructure, transportation systems and electricity grids.
The session will be moderated by Dan Murphy, CNBC's Middle East anchor and correspondent.
Climate Diplomacy
The second day of the second annual TRENDS conference in Washington will begin with an opening speech by Her Excellency Maryam Bint Mohammed Al Muhairi, UAE Minister of Climate Change and Environment, followed by the fourth session of the conference entitled between COP27 and COP28: Middle East Diplomatic Efforts to Address Climate Change.
The session will address the role of climate summits in facilitating the transition to a low-carbon economy and highlight the importance of geopolitical factors related to climate diplomacy, as well as new visions for building a sustainable environmental framework, assessing the commitments and commitments made at COP26, and climate diplomacy as a growing foreign policy challenge.
The title is divided into two themes: COP27 and COP28, which will be attended by Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, CEO of the UAE ’ s Independent Climate Action Accelerators Project.
It highlights the UAE ’ s hosting of this conference.
The session will be moderated by Awad Al Braiki, Head of Trends Global.
Green security initiatives
The fifth session of the conference is entitled “Multilateral Green Security Initiatives: The Beginning of a Green New Era Towards Collective Environmental Security in the Middle East ”.
It will discuss the importance of regional and collaborative efforts in operationalizing the Middle East ’ s green security initiatives, as well as ways to mitigate the challenges of environmental insecurity, and ways to enhance regional security and key infrastructure systems that accommodate different climatic conditions, through environmental measures and collective green initiatives.
The use of multilateral green security initiatives to improve the capacity of MENA countries to be global leaders in a resilient and inclusive post-carbon economy, the economic aspects of sustainable environmental security and the investments needed to achieve environmental security, and the role of the media in supporting Middle East green security initiatives.
The session will be moderated by Mohamed Al Mulla, Founder and Director of Diwan Al Mulla Network in the State of Kuwait.
The conference will conclude with recommendations and closing remarks, delivered by Somaya Hadrami, Vice President of Trends Global, and Mr. William Wechsler, Senior Director of the Rafik Hariri Center and Middle East Programs, Atlantic Council.
* Trends Research and Consulting Center is an independent research institution, established in 2014 in the Emirate of Abu Dhabi, United Arab Emirates, and is interested in looking to the future through many specialized research programs.
Trends has been able to build a strong network of relationships and partnerships with various international research centers and international governmental and non-governmental organizations and bodies, and benefit from international research and academic expertise to enhance its scientific and research role at the regional and global levels, by organizing scientific events that enrich the exchange of research experiences and expertise, and the production of various publications in various fields of human knowledge. *
All rights reserved to Al Ittihad Newspaper 2022 ©

The region is particularly affected by climate change due to its large production and consumption of fossil fuels.

Title:

Content: The Middle East is on the cusp of an energy revolution.
In the midst of unprecedented climate change
The next morning – follow up:
The world is currently facing extreme weather extremes, from flash floods to heavy rainfall to record-high temperatures and wildfires, all pointing to a single source: climate change driven by carbon emissions in the air.
The Middle East is particularly affected by this situation as it produces and consumes a very large amount of carbon-emitting fossil fuels that in turn lead to climate change.
A UN report by a UN scientific panel described climate change as unprecedented, saying it was definitely people who were responsible for climate change.
He called for drastic cuts in emissions in order to keep global temperature below the limits set out in the 2015 Paris climate agreement.
According to the Intergovernmental Panel on Climate Change (IPCC), “The scope of recent changes in aspects of the climate system as a whole and the current state of many aspects of the climate system are unprecedented for centuries or several millennia. ”
"Based on the available evidence, they have high confidence that atmospheric carbon dioxide concentrations were higher in 2019 than at any point in at least two million years, and that since 1970, global surface temperature has risen faster than any other 50 years in at least the last two millennia."
234 experts from 66 countries wrote the report, the most comprehensive since 2013.
Many of the effects of climate change can no longer be avoided today.
John Alterman, vice president of the Center for Strategic and International Studies, director of the Middle East Program and director of the Brzezinski Chair for Global and Strategic Security, says no region in the world is more immersed in the consequences of global climate change than the Middle East.
The region accounts for 30% of global oil production and oil revenues are the locomotive of government revenues in the region, either because countries produce oil or because countries produce a workforce working in oil-exporting countries and send money home.
Because of oil revenues, Middle Eastern governments can and do employ large numbers of their own population.
As the world moves away from oil as a source of energy, the economies of the Middle East will change profoundly.
John Alterman adds in a report published by the Center for Strategic and International Studies that at the same time the Middle East is vulnerable to the consequences of climate change.
The region is already extremely water-poor, with the Middle East having 9 of the 10 most water-poor countries.
Drought pushes farmers away from their land and the region ’ s many coastal cities are threatened by sea-level rise, and rising summer temperatures increasingly combine with humidity to endanger human survival.
The Middle East is thus rooted on both sides of the issue of climate change.
As global consumption patterns change, the Middle East will change profoundly.
With climate change, the Middle East will also change profoundly.
He adds that developing countries' energy consumption rises sharply as incomes increase and are likely to rely on existing equipment and technology for longer.
While the rich can spend thousands on green products, for much of the world ’ s population oil and gas will remain affordable fuel.
But Middle Eastern governments may not be willing to cut their oil production.
A sustained drop in global consumption, however small, would put pressure on Gulf states to increase output in a bid to drive higher-cost producers out of the market and ensure they are not left with less valuable barrels in the ground when consumption falls further.
Governments across the Middle East have been preparing for a post-oil world for years but are still far from their goals, says John Alterman.
In the Gulf countries, years will be needed to move from the reality of high-productivity, low-wage workers supporting the efforts of low-productivity, high-wage workers.
The energy transition will be important for more than just the Middle East.
Energy security is the driver of much of China ’ s recent investment in the region.
If China decides that its energy security derives from mines in Africa and not from wells in the Middle East, we should expect a shift in Chinese interest and capital.
If there is a more permanent role for oil and gas in the global energy picture, there could be more competition between the United States and China for regional influence.
Finally, Western countries could move away from hydrocarbons for environmental reasons while China and the developing world remain devoted to them for economic reasons.
This could almost be reflected in America abandoning its future role in the Middle East, with China capturing much of this inaction.
Related Articles

The Middle East's renewable energy market is expected to grow 13.43% annually from 2023-2028.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Economy: Benban and the Gulf of Suez are among the largest renewable energy projects
Economic Middle East magazine, which specializes in economics and energy, said that the Benban solar park and the Gulf of Suez wind project in Egypt are considered among the largest renewable energy projects in the Middle East.
Renewable Energy Projects in the Middle East
The Middle East has long relied on oil and gas, not only for revenue but also for power generation, but in the past years, the region has positioned itself as a leader in the renewable energy sector, boasting numerous renewable energy projects.
From 2023 to 2028, Mordor Intelligence expects the renewable energy market in the Middle East to grow by 13.43% annually.
The Arab Clean Energy Initiative was launched by the International Renewable Energy Agency (IRENA), and during the Arab Economic and Social Development Summit of 2013, the League of Arab States adopted the initiative, with leaders pledging to increase renewable energy generation capacity in the region from 12 GW in 2013 to 80 GW by 2030.
Benban Solar Park
Located in Aswan, Egypt with a capacity of 1,800 megawatts, Benban Solar Park is valued at $4 billion and includes 41 solar power plants, one of the largest solar PV parks in the world, spanning 37 square kilometers and containing 7 million photovoltaic panels, this initiative is a component of Egypt ’ s Renewable Energy Feed Tariff (FiT) program, which was unveiled in September 2014.
Gulf of Suez Wind Power Project
In November last year, ACWA Power and the Sovereign Fund of Egypt (TSFE) signed a memorandum of understanding, and together they will invest in a 1100 MW wind power project in Jebel Zeit and the Gulf of Suez. The project is one of the largest onshore wind farms in the world, and aims to provide power to more than one million households and reduce annual CO2 emissions by 2.4 million tons.

The Arab Clean Energy Initiative targets 80 GW of renewable energy capacity by 2030, up from 12 GW in 2013.

Egypt has launched the 'Egypt Solar Platform' to increase solar panel installations, aiming for 42% renewable energy by 2030.

Title:

Content: Exclusive renewable energy solutions attract the attention of Egyptian real estate developers
To avoid power outages and enhance project marketing opportunities
Posted in: Last Updated:
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Egyptian real estate developers have turned to the use of solar energy solutions in their projects to provide sustainable energy sources in projects and overcome any potential crises related to the lack of power supply or capacity of major networks, as well as adding value to projects that enhance their marketing opportunities.
Managing Director and CEO of Madinat Misr, Abdullah Salam, said that the Egyptian real estate development companies are constantly seeking to provide green solutions to their customers, given the importance of sustainability in projects to ensure adding value to projects.
He added that his company adopts a vision to develop sustainable communities, starting from the project designs and taking into account the surrounding environmental conditions, including addressing energy problems, rationalizing its use and ensuring its continuous availability, rationalizing the use of water and recycling, and recycling waste.
He explained that the company is studying all modern technological solutions for the use of renewable energy sources in the communities that develop them.
He pointed out that the launch of new technological solutions in residential urban communities is a challenge that the company is working to find solutions for now.
“While the cost of building solar panels or introducing new energy efficiency solutions increases, this will reduce the operational costs of those services in the long run compared to those of traditional energy sources, which not only increase their operating costs but rise over time due to higher prices of conventional energy, ” he said.
Use of foreign expertise
Ahmed Al-Attal, Chairman of the Group of Companies for Real Estate Development, said with Sunview, a Malaysian company specialized in sustainable alternative solutions for energy and the production of solar panels to provide solar panels in Parklane project in the New Administrative Capital and other projects of the company in West Cairo and Future City in East Cairo.
He added that the Malaysian company is currently working to open its regional office in Egypt to facilitate access to the service and under the contract will pay for the service over 10 years, in addition to its contract two years ago with Siemens to provide alternative energy solutions and digitization of its projects.
Al-Attal told Al Arabiya Business that his company complies with the requirements of the Administrative Capital for Urban Development Company, which requires that at least 60% of the roofs of buildings in the project be allocated for the installation of solar panels.
He added that "Attal" has already allocated about 80% of the roofs of buildings, whether residential or administrative, for the installation of solar panels, explaining that his company will transfer the electricity production service from solar energy to the Administrative Capital Company, which in turn will buy the service and sell it to customers, which means that real estate developers in the New Administrative Capital project will not sell electricity themselves.
He stressed that the company will generalize this experience in its other projects in various regions, where electricity will be produced from solar energy and sold directly to customers, and will be paid for the service through the maintenance differences paid by the customer.
Top Developer Initiatives
Sebastian Reyes, president of Schneider Egypt, North Africa and the Levant, said that the Egyptian real estate sector is witnessing a very large growth during the current period.
“We have a number of discussions with many major real estate developers, and we also have a strong partnership with most real estate developers such as Talaat Mustafa, Al-Ahly Sabbour Development, Tatweer Misr, Landmark Sabbour Real Estate Development, Misr Italia, Paragon and others, ” he added.
Reyes stressed that all these developers expressed their desire to create sustainable urban communities, move to digitization in the management of energy resources and use modern technology to rationalize the use of energy, to preserve the value of the property and build a sustainable future for their customers.
Reyes explained that Schneider Egypt has a large and extended partnership with the Administrative Capital Company for Urban Development, noting that they are holding open discussions all the time with the company to deliver more sustainability in the city by offering rational and clean energy solutions.
Government incentives
Romany Hakim, chairman of the board of directors of Benchetti Solar Energy and vice chairman of the Energy Development Association (SIDA), said that Egyptian real estate developers have been studying for years the use of solar panels in electricity production, however, no actual proposals have yet been put forward to sell the units as green homes based on alternative energy.
He added that companies specialized in the production of renewable energy have made several offers to real estate developers to exploit the empty spaces on the roofs of unutilized residential buildings.
He said that some real estate companies have been forced to use this technology in public spaces within residential complexes without applying it to the residential units themselves.
He pointed out that real estate developers need to be incentivized by the state to provide facilities for the installation of solar panels in residential buildings and must have a clear marketing plan to sell these units, while explaining their benefits to customers in terms of sustainability and rationalization of energy use, which contributes to reducing operational expenses for customers.
Hakeem pointed out that the solar panel industry in Egypt is currently witnessing significant growth, despite some obstacles that private sector companies seek to overcome.
He explained that the situation is much better than before, but there is a need for the support of the state and customers, in addition to providing clear and serious incentives for them to take the initiative.
Hakeem stressed the need for full cooperation between the ministries of electricity, finance and petroleum to solve the problems facing the new and renewable energy sector, pointing out that the cost of producing kilowatts of electricity with solar energy is much cheaper than producing it using natural gas, which contributes to providing natural gas more to the industrial sector.
He also called for incentives for developers to use solar panels in homes in undeveloped areas, tax incentives such as tax relief, reduced property taxes or electricity subsidies for developers, and mandatory rules for installing solar energy in buildings before projects are approved.
Cost reduction
Hakim revealed that one kilowatt of solar energy can save about 5-6 kilowatts / day, equivalent to 1800 kilowatts / hour per year, and in some areas up to 2000 kilowatts / hour per year, at a cost of about 20,000 pounds per kilowatt.
According to estimates by Intersolar Egypt, a specialist in the field of solar energy in Egypt and the Middle East, the estimated cost of solar panels to produce one kilowatt in Egypt is about $1,000 and requires an area of 8 square meters on the ground.
Government initiatives for individuals
The Egyptian government announced last year the “Egypt Solar Platform ” initiative to facilitate the installation of solar panels for homes and companies to stimulate the reduction of consumption of traditional sources of energy and increase reliance on new and renewable sources of energy to reach 42% renewable energy participation by 2030.
The platform provides guidance on the installation of solar cells, the costs involved, the capacity required and the required documentation, as well as lists of qualified companies for the installation of these cells, and facilitates communication between customers and the installation companies and electricity distribution.
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Several Middle Eastern countries, including the UAE, Jordan, and Turkey, are promoting renewable energy through large-scale projects.

Title:

Content: Contribution ｜ Explore Hong Kong ’ s role and opportunities in the development of renewable energy in the Middle East
Author: 01 More Voices
Published: Updated:
In recent years, Hong Kong has actively promoted the development of renewable energy and launched a number of related products in the financial market.
In addition, more and more Hong Kong enterprises have also started to participate in the development of this industry, especially in the financial market, and launched a number of financial products to support the development of renewable energy.
At the same time, many countries in the Middle East, such as the United Arab Emirates, Jordan, Saudi Arabia, Oman and Turkey, are also actively engaged in various large-scale projects to promote the development of renewable energy, and expect to see a different energy mix and economic development model in 2030 or 2050.
For Hong Kong, China and other countries, the development opportunities of the Middle East market cannot be ignored, and Hong Kong ’ s participation in this area cannot be underestimated.
Submitted by: Kwong Cheuk-wui
Recently, I had the opportunity to participate in several seminars on economic and energy development in the Middle East, and have in-depth exchanges with government representatives in charge of foreign affairs and trade from various Middle Eastern countries and Azerbaijan.
These exchange experiences provide the author with a wealth of insight.
After many in-depth talks, to understand the interest and momentum of the development of renewable energy in many countries in the Middle East, the author synthesized the information from various parties and came to the following insights: The reason why the major oil producers in the Middle East are actively developing renewable energy is to achieve economic diversification and get rid of dependence on oil and related industries.
They hope to turn the country ’ s surplus renewable energy into new, dependable foreign revenues (i.e., revenues generated from natural resource exports; “Rents ”) through innovative technologies.
For other non-oil producing countries, they want to achieve economic sustainability through the development of renewable energy, reduce dependence on traditional fossil fuels or electricity imports, and convert renewable energy into new external rental income to boost the country ’ s economic development.
From this, it can be seen that the Middle East countries are very concerned about the development of renewable energy, but also hope to complete the energy transformation as soon as possible, and look forward to renewable energy can produce more and greater economic benefits, create new dependent income, promote economic diversification and modernization, but also benefit thousands of people.
As a result, many countries in the Middle East have invested heavily in and promoted energy transformation and clean energy development.
Although many countries have made extraordinary achievements in driving renewable energy development, they also face many challenges.
Jordan, for example, has a wealth of renewable energy resources, including solar, wind, geothermal and bioenergy, as well as state-of-the-art renewable energy laws, regulatory mechanisms and development frameworks.
Earlier this year, Jordan successfully achieved its national roadmap, originally set for 2030, with renewable energy accounting for 31% of total energy.
The Jordanian government also plans to increase this target to 50%, and is committed to building the country into a regional renewable energy development center and exporting environmentally friendly power to neighboring countries to increase the country ’ s foreign revenue.
However, like other Middle Eastern countries, Jordan faces a host of challenges.
These challenges include lagging energy infrastructure, imperfect grid planning, an over-concentration of resources on solar and wind with less focus on geothermal energy, and a lack of energy storage systems and foreign investment.
In addition, there is the debt problem of the national power company.
These difficulties not only affect Jordan ’ s progress in developing renewable energy, but also act as a barrier to modernizing and diversifying the country ’ s economy.
Some Jordanian officials and scholars are concerned about whether the development of renewable energy is progressing as expected.
They are concerned that if the development of renewable energy and its core economic development model are not carried out smoothly, or if the newly set targets are not successfully achieved, the country ’ s economic sustainability will be adversely affected.
At the same time, it can undermine the credibility and governance of the government.
In particular, those political forces that have been opposed to the use of renewable energy to promote economic development and diversification may take the opportunity to launch opposition actions, further endangering the political stability and regional security of the country and the Middle East as a whole.
It is worth noting that these challenges are not only in Jordan, but also in Middle Eastern countries such as Morocco and Egypt.
Other countries such as the United Arab Emirates, Oman, Saudi Arabia and Qatar have also made great efforts to develop solar and wind power in recent years, but in addition to the above concerns and challenges, there are also concerns that the development of renewable energy will have some impact on the high dependence of these countries ’ economies on oil and gas markets, which may affect existing incomes and lead to economic and social instability.
Other factors include the huge demand for capital, the need for foreign technology and talents, the need for talent training, economic feasibility, etc. These are also issues of concern to the officials of these Middle Eastern countries.
These challenges are in fact a valuable development opportunity for Hong Kong.
The key is to make good use of our strengths, especially in the Belt and Road Initiative, to work with the Middle East countries to promote renewable energy and green economy development.
This not only helps these countries diversify their economies, but also creates development opportunities for Hong Kong businesses and governments, and indirectly promotes the development of other industries.
I suggest that Hong Kong can establish cooperation platforms and channels of communication with transnational organizations in the Middle East and North Africa, such as the Arab Parliamentary Union, the Gulf Cooperation Council, the Turkic Parliament and the Arab Maghreb Union.
Such a platform could be used to explore free trade agreements and to help Middle Eastern countries provide services such as finance, advisory, legal, education or training, and energy infrastructure.
This will not only help Hong Kong consolidate its leading position in the professional services sector and the financial sector, but will also directly or indirectly create many development opportunities, especially in Islamic finance.
Finally, Hong Kong can consider providing financial support to the Middle East countries by assisting in the issuance of Islamic financial bonds to promote the development of renewable energy, and can also take the opportunity to develop Islamic finance in Hong Kong as a new financial center outside the Islamic world.
Of course, Hong Kong should not only cooperate with major countries such as Saudi Arabia and the United Arab Emirates or the above-mentioned multinational organizations and platforms, but also consider other regions with development potential and worthy of investment, such as Turkey, Azerbaijan, Morocco, etc.
This diverse collaboration will help Hong Kong expand its international presence and contribute to global sustainability in the renewable energy sector.
The author, Mr Kwong Cheuk-rui, is the Executive Director of the Hong Kong Group of Ideas, a Master of Arts from the Australian National University, and has worked at the Australian Institute of International Affairs.
The article is only the opinion of the author and does not represent the position of Hong Kong 01.
Please email us at 01view @ hk01.com.
Please attach the author ’ s real name and contact details.
If not applicable, without prior notice.

The UAE views the energy transition as a chance to diversify its economy.

Title:

Content: Energy transition provides opportunity to transform, diversify economy: Sultan Al Jaber

Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Special Envoy for Climate Change.

Globally, at least $3 trillion will be invested in renewable energy over the next ten years.

By WAM

Published: Tue 18 Jan 2022, 11:12 PM

Last updated: Tue 18 Jan 2022, 11:15 PM

The UAE sees the energy transition as an opportunity to transform and diversify the economic growth model of the country, according to Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Special Envoy for Climate Change.

Speaking during a virtual panel session titled ‘Projecting COP Ambitions across COP27 and COP28 and Economic Diversification Priorities Post-pandemic’ at the Abu Dhabi Sustainability Week (ADSW), Dr. Al Jaber explained how the UAE and the Middle East and North Africa (Mena) region can take advantage of the drive to climate action.

Al Jaber was speaking alongside the Alok Sharma MP, President of COP26, and Sameh Shoukry, Minister of Foreign Affairs of Egypt and President-Designate of COP27, during the session moderated by Fred Kempe, President and CEO of the Atlantic Council.

Al Jaber said, “This region has specific advantages that can accelerate the energy transition from our position as energy leaders. Firstly, as long as the world continues to rely on oil and gas we can ensure reliable supplies of the least carbon intensive oil and gas available. We are leveraging this position to further drive down the carbon intensity through expansion of the first in the region carbon capture facility.

“We are also building on our unique capabilities in hydrogen to lay the foundation for a zero carbon hydrogen market. And, as you know, the UAE has been investing in the solar and broader renewable space for the last 15 years, and we are doubling down on this investment.”

Al Jaber pointed out that globally, at least $3 trillion will be invested in renewable energy over the next ten years. He said this represents a multi-trillion dollar opportunity that the UAE, the region and its international partners can capitalise on. “In fact, this is the thinking behind our Net Zero Strategic Initiative. Net zero, for us, is about new industries, new skills and new jobs. For us, the business of tackling climate change is simply good business.”

Dr Al Jaber cited the recent strategic partnership between Abu Dhabi National Energy Company PJSC (Taqa), Mubadala Investment Company (Mubadala) and Abu Dhabi National Oil Company (Adnoc) which transformed Masdar into a global clean energy powerhouse.

He said the new Masdar has almost doubled its renewable energy capacity and the ambition is to build on this solid foundation to reach 100 gigawatts (GW). Al Jaber called for partners, in the public and private sectors, to join the UAE and Masdar in delivering these ambitious goals that will lead to new industries, new skills, new jobs and new opportunities.

Responding to a question on the outcome of COP26 (the 26th United Nations Climate Change Conference), Dr. Al Jaber noted it was a success as Glasgow united 90 per cent of the world’s economy on the path to net zero. “COP 26 also succeeded in launching many coalitions between governments and businesses to accelerate innovation. AIM for Climate, which the UAE launched with the US and 34 other countries is a good example. This is a growing coalition that directs investment to agri-tech to reduce agricultural emissions, which account for as much a third of global emissions. And critically COP26 finally reached a deal on Article 6 of the Paris Agreement, which lays the foundation for effective carbon markets. All of this creates great momentum and a great platform which Egypt and the UAE can, and will, build on.”

On COP28 which is set to take place in Abu Dhabi in 2023, Al Jaber highlighted that it will mark the first ever global stocktake that will show us how we are tracking towards the Paris goals and, critically, it will set the roadmap towards 2030 and beyond. He added that the UAE is already working closely with the UK and Egypt to continue the momentum of COP26 and went on to detail the UAE’s approach to COP28.

“We want Abu Dhabi to be where the world turn pledges into concrete results and help take commercially viable climate solutions to scale around the world. This is why we want COP 28 to be as inclusive as possible, reflecting the views of developed alongside developing countries, the public and private sectors and scientists and civil society.”

“Inclusive also means including the expertise that exists across the energy spectrum, and specifically the hydrocarbon industry, because if we want to successfully transition to the energy system of tomorrow, we cannot simply unplug from the energy system of today. We need to make the current system work more efficiently with less carbon. We should leverage expertise from across the energy sector to find the climate solutions we need,” said Al Jaber as he stressed the need to always remember that the goal is to hold back emissions, not progress. — Wam

More news from Business

At least $3 trillion will be invested in renewable energy over the next decade.

The Middle East added 3.2 gigawatts of new renewable capacity in 2022, a 12.8 percent increase over 2021.

Title:

Content: Sunday, 24 September 2023 02: 03 GMT
2030 Arab Goal to Advance Renewable Energy Capabilities Globally
(MENAFN- Al-Bayan) $(resize) .css ('font-size', newFontSize); return false;});});
Several Arab countries are accelerating to keep pace with the international aspiration to achieve the goal of tripling global renewable energy capacity by 2030, which is receiving widespread attention, amid various plans and strategies at national levels in many countries.
The Arab countries that are likely to play the largest role in this regard, according to industry experts, are the UAE, Saudi Arabia, Oman, Kuwait, Egypt, Jordan, Algeria and Morocco, by injecting more investments into this vital and promising sector.
During the recent G20 summit in New Delhi in September, G20 leaders expressed their support for all efforts to increase renewable energy capacity and pledged to accelerate measures to address environmental crises and challenges.
With this growing international interest in the energy transition, the plans are facing many challenges, including (but not limited to) access to finance, especially for low- and middle-income countries, with significant investment required over the coming years.
(Al-Bayan), a group of American academics and specialists in the renewable energy sector were surveyed about the main opportunities and challenges on the way to increase the desired capacity, the investments required to achieve that goal, and the extent of its expected environmental and economic repercussions.
Huge spikes.
Achieving the ambitious goal of doubling global renewable energy capacity in the near term will be reflected concretely in several contexts, explains Gregory Nemet, a specialist in the analysis of international energy systems and environmental policies at the University of Wisconsin. By 2030, it will deliver significant benefits in terms of jobs, economic development, and improved air quality, as well as putting the world on the path to addressing climate change in the long term.
“The costs of renewable energy, especially solar and wind, have dropped dramatically over the last 10 years, and most experts expect them to continue to fall, ” says Nemet, explaining that a clean, affordable source of energy creates huge opportunities, allowing global renewable energy capacity to be tripled by taking full advantage of it.
According to Nemet, the 3-fold increase also presents challenges, such as “access to finance for low- and middle-income countries, and investments in electricity grids to accommodate this growth ”, stressing that“ challenges can be overcome through sustained efforts and supportive policies, as we have seen many examples in the recent past. ” A sign of broad international cooperation is required in this regard.
Last year, renewable energy capacity (globally) increased by 9.6 percent to 3,372 gigawatts, an increase of a record 295 gigawatts, despite global uncertainty in light of geopolitical developments and the Ukrainian war, according to data published by the International Renewable Energy Agency (IRENA) on March 22.
Almost half of the new capacity from renewable energy in Asia has been added, with China contributing more than 141 gigawatts to the new capacity of the entire continent.
Renewable energy sources in Europe and the United States grew by 57.3 gigawatts and 29.1 gigawatts respectively.
African capacity increased slightly by 2.7 gigawatts.
According to IRENA data, although hydropower accounts for the largest share of total global renewable energy capacity at 1,250 gigawatts, solar and wind power continue to dominate new capacity, contributing 90% of total capacity last year.
Solar capacity came first with an increase of 22%, followed by wind power with an increase of 9%.
Policies and Incentives
University of Massachusetts academic David Turcotte, whose research interests include climate change and environmental justice, believes that there are many opportunities in the context of increasing global renewable energy capacity, due to increases in oil prices as a result of the Ukrainian crisis, which makes renewable energy sources more cost-effective, as well as worsening economic and human costs. Recurrent, more severe climate change disasters.
“Many developed countries have expanded policies and incentives to encourage increased capacity to produce renewable energy.
However, we still face a lot of challenges […]
That threatens to derail efforts to increase renewable energy capacity, and the transition to a clean energy economy.
Among these challenges is the lack of adequate funding to support increases in renewable energy capacity in developing countries, a challenge he described as “serious. ”
While international efforts are accelerating to target investments in the context of increasing global renewable energy capacity, those investments are still below the 1.5 ° C target.
This is shown by data from IRENA and the Climate Policy Initiative (CPI) released in February, which estimate the total volume of investments in renewable energy sectors during 2022 at $499 billion, up from $430 billion in the previous year 2021.
Developments in the world over the past year, especially with the start of the Russian military operation in Ukraine in February 2022, have also encouraged many countries to move more towards renewable energy sources, to overcome the energy crisis caused by the consequences of the war, in the interest of the desired goal of increasing capacity.
Required investments
John Hall, Professor of Mechanical Engineering at the Center for Energy Production and Infrastructure, University of North Carolina, United States, notes that “the goal of tripling global renewable energy capacity by 2030 is a challenge, and achieving the goal requires an intensive global strategy, focused on significant financial investment, technological innovation targeting these communities, inclusive policies, and collaborative efforts. ”
Speaking with Al-Bayan, he stressed that community participation and infrastructure development in underserved areas should be central to the strategy, leading not only to the promotion of the energy transition, but also to economic upgrading.
The International Renewable Energy Agency (IRENA) estimates that $4 trillion per year will be required in the clean energy sector until 2030 to strengthen global capacity in this regard.
Logistical challenges
Warren Mabey, an academic at Queen ’ s University who specialises in energy policy and natural resource management, told Al Bayan that “it is technically possible to triple global renewable energy capacity over the next six years, and this will put enormous pressure on the global supply chains that support the sector. and manufactured goods, necessary for the transformation process).
Mabe believes that “the cost will be enormous, and the logistical challenge may be too great to overcome ”, stressing the need for“ strong and consistent leadership from countries around the world to achieve this. ”
Arabic Steps
At the Arab level, five Arab countries (Egypt, Morocco, Oman, Saudi Arabia and the United Arab Emirates) are expected to account for about 72% of the region ’ s total growth in renewable energy, according to the Organization of Arab Petroleum Exporting Countries (OAPEC), which expects renewable energy capacity to reach 45 gigawatts by 2027, an increase of 3 times. Compared to the last five years.
The International Renewable Energy Agency (IRENA) estimates that in 2022, the Middle East saw the highest increase in renewables ever, with 3.2 gigawatts of new capacity added last year, a 12.8 percent increase over the previous year.
According to the Arab Renewable Energy Authority (AREA), the volume of investments by Arab countries in renewable energy projects is expected to reach $1 trillion by 2040, in light of the interest of Arab governments in this file, to achieve global environmental goals.
A Great Leap in 10 Years
According to the current data, the renewable energy sector in the region is expected to witness a huge leap in the next 10 years, at a time when eight Arab countries are leading this trend, according to the researcher in international relations and political economy, Abu Bakr al-Deeb, adviser to the Arab Center for Studies and Research, who tells Al-Bayan that the countries strongly candidate to move in this direction are:, Kuwait, Egypt, Jordan, Algeria and Morocco).
Aldeeb also cites the volume of electricity generated from renewable sources in the Middle East and Arab countries, which is expected to increase six-fold in 10 years through heavy reliance on solar photovoltaic energy, noting that the Arab region has “great potential ” to help launch major projects to produce energy from the sun. And wind, among these possibilities or advantages (the right climate, the bright sun most days of the year, as well as human expertise, and financial capabilities also for some countries).
The UAE is at the top of the list of Arab countries that produce electricity from solar energy, while Egypt is the largest country in the Arab world in terms of electricity production from wind energy, according to a report issued by (Global Energy Monitor), which Al-Deeb cites when explaining the progress made by some Arab countries in this sector, The UAE, Egypt, Jordan and Morocco are among the first Arab countries to establish solar and wind power plants.
According to the report, renewable power plant projects for Arab countries are likely to achieve 92% of the region ’ s total target by 2030 when completed.
One of the most reliable projects in this regard is the Green Hydrogen projects, through which the Middle East is seeking global leadership, with export revenues likely to reach $200 billion by 2050 for the Gulf countries, according to a study by Dii Desert Energy.
In this context, Al-Deeb notes the abundance of renewable energy resources, clean hydrogen, human expertise, capital, and their geographical proximity to the European market, all of which provide them with important and growing opportunities.
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Arab countries' investments in renewable energy are expected to reach $1 trillion by 2040.

The UAE leads Arab countries in solar energy production, while Egypt leads in wind energy production.

The Middle East and North Africa region has one of the world's highest solar energy potentials, driven by countries like Saudi Arabia, the UAE, Morocco, and Egypt.

Title:

Content: General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
World Future Energy Summit.
Green finance and climate change lead day 2
The second day of the World Future Energy Summit (WFES), held at the Abu Dhabi National Exhibition Centre (ADNEC) in the UAE, kicked off today.
The summit is the premier annual forum for future energy and sustainability.
The day ’ s events focused on green finance, with Boris Johnson, the former Prime Minister of the United Kingdom, stressing the urgency of correcting climate change and thinking outside the box, and providing inspiring views on the obstacles to investing in renewable energy and ways to develop it during a session entitled “Financing Global Approaches to Low-Carbon Economies ”.
“It takes a lot of in-depth social studies, practical solutions and a lot of financial support – governments around the world spend a lot of money to defend themselves against other governments, but we don ’ t spend that much money to fight everyone ’ s first enemy, climate change.
He believes that finding practical solutions requires a serious approach to financing and establishing an assembly line for simple renewable energy projects, so that tangible results can be achieved as soon as possible, which is not possible without setting aside the side issues that usually concern us or we will not be able to solve the problem for another 10 years.
Ahmed Bahieldin, General Manager and Commercial Officer for Europe, Middle East and Africa (EMEA) at GE Vernova, an independent public company spin-off of GE ’ s energy, wind and electricity business, also joined the panel.
“Time is an important factor, especially as there is a lot of capital looking for projects in advanced markets, especially in the areas of renewable energy sources and new technologies, and regulatory reforms and the structuring of the revenue model give more room for growth.
The second day of the summit also saw the launch of the Solar Outlook 2024 report, officially released by the Middle East Solar Industry Association at the World Future Energy Summit.
The report highlights the growing contribution of solar energy to the MENA region ’ s ongoing energy transition from traditional fossil fuels to renewables, amid continued manufacturing boom, population and economic growth, as well as concerns about climate change and environmental sustainability.
Solar Energy
According to the report, the Middle East and North Africa (MENA) region today has one of the highest levels of solar energy potential in the world, with countries such as Saudi Arabia, the United Arab Emirates, Morocco and Egypt contributing on average annual solar radiation exceeding 2,000 kilowatt-hours per square meter per year.
While the regional solar growth trajectory is expected to continue, the report reveals that it is still well below the levels required to replace the current fossil fuel contribution of 87%, with solar providing just over 2% of the current energy mix in the MENA region.
Denisa Vines, Secretary General of the Middle East Solar Industry Association, said: “The COP28 pledge to increase renewable energy capacity and double energy efficiency with the support of 124 countries has set ambitious targets to increase the deployment of renewable energy and energy efficiency measures by 2030, but we still face many challenges to achieve these goals, especially in the energy sector within the Gulf region. After 2030, a variety of technologies are expected to be market-ready, offering scalable solutions to decarbonize the energy sector, enabling a more effective role for renewables, energy efficiency and zero-emission technologies.
The broad pursuit of ambitious targets by 2030 is focused on public utility projects, which may overshadow the needs of the commercial and industrial sectors, and this underscores the importance of considering a balanced approach to energy deployment to ensure inclusive and sustainable development.
COP28 Pledges
Speaking at the Solar and Clean Energy Conference, Dr. Ralph Blumenthal, Head of Networks Programs Middle East at Siemens, praised the ongoing discussions on digitization and the great importance of integrating renewables into smart grids to help achieve the goals of the COP28 pledge.
Batteries are key if we want to triple renewables by 2030, and increase them nine-fold by 2050. Batteries are not only storage, they are essential to grid regulation and reduce disruptions that may occur during renewable energy generation. Today, around 1,500 GW of renewable energy has been installed globally and is ready for deployment, but cannot be integrated into networks. It operates 100% on renewable energy, but national grids have not yet been able to effectively integrate renewables on a large scale.
Constructive discussions and sessions on global energy issues and solutions will continue tomorrow with the Electric Mobility Forum, which will comprehensively examine the role of clean and independent transport in changing the future of city design, and what is needed to unlock the potential of investing in expanding electric mobility.

The UAE and Saudi Arabia have achieved solar contract tariffs as low as 1.03 cents per kilowatt-hour.

Title:

Content: The Middle East and North Africa have significant investments in wind energy
The Middle East and North Africa have significant investments in wind energy
Renewable energy throughout the Middle East and North Africa is usually talked about from one point of view: the sun shining strongly on the region ’ s deserts.
Solar energy is indeed a great source of energy and is designed to power equipment and appliances, but wind also blows through the plains, hills and seas of the Middle East, and megaprojects harness the power of wind and turn it into energy.
Political analyst Robin Mills says the Middle East and North Africa (MENA) region actually started using modern wind energy on a commercial scale a decade before using solar power, with projects in Morocco, Egypt, Israel and in Tafileh in Jordan, where the turbines are slowly spinning near the ancient fortress of Karak.
The cheapest electricity in the world is generated from solar power in the UAE and Saudi Arabia, and global projects such as the largest single-site solar farm in Al Dhafra in Abu Dhabi, with a power of 2 GW, and two of the largest multi-project sites, the Mohammed bin Rashid Solar Park in Dubai (5 GW) and Banban in Egypt (1.8 GW), can also be installed. solar on a smaller scale on the shelves of homes and factories.
Despite the lack of consistency unlike Northwest Europe, there are excellent wind resources in the MENA region.
Winds are blowing in southern Morocco and the areas around the Gulf of Suez and Aqaba in Egypt, Jordan, northwestern Saudi Arabia, southern Egypt and the southeastern coast of Oman.
Parts of Libya, southern Tunisia, the Algerian desert, inland Iran and Kuwait also experience strong winds, and in contrast to most parts of Europe, the region has open spaces where the construction of wind stations will not be rejected by some segments of society.
Egypt, which hosted the COP27, benefits from having projects that produce 1.59 GW currently installed, 0.75 GW under construction and 1.6 GW planned, and has signed a series of projects in recent weeks, which have included memorandums of understanding with Norwegian developer Skatek for 5 GW, with UAE clean energy company Masdar for 10 GW, and with Saudi energy development company Aqua for 10 GW.
It will be the second largest wind farm in the world, and the largest is Gansu, which produces 20 gigawatts in China.
Aqua is already building a 1.1 GW wind farm at Jebel Zeit on the Gulf of Suez, which will be the largest in the region when it comes into operation in late 2026, with Egypt ’ s total projected production capacity of 24 GW, the seventh largest national capacity in the world according to current figures.
In addition, Egypt, Saudi Arabia, Oman, Morocco and Mauritania will need huge wind farms to build their planned green hydrogen projects, which use renewable electricity to analyze water with electricity.
Under MENA conditions, wind power is likely to be more expensive than solar, even if Saudi Arabia gets a very competitive tariff of 2.13 cents per kilowatt-hour for its first wind farm in Dumat al-Jandal (which was the lowest solar contract in the region at 1.03 cents per kilowatt-hour).
Wind power also takes longer to build, and production cannot be predicted after a few days.
But wind has many advantages: it is clear that it often blows at night more strongly than during the day, making it complementary to solar energy.
This is especially useful in hot early autumn evenings, when people need air conditioning even after sunset.
Solar energy in the region has achieved a capacity factor, which is the average output of the source as a proportion of its peak output, and is about 20 percent over the year, allowing work at night and different seasons, Egyptian wind power manages 53 percent, and solar and wind power in the best locations can have a combined capacity factor of more than 70 percent.
And there are still some vital questions about the location of turbines and mega projects planned in Egypt?
Wind lanes around Sinai are relatively confined and surrounded by mountains, and areas to the south on the Red Sea coast, or inland areas with difficult logistical hurdles, will have to be considered.
And will the region venture out and explore offshore wind power, as Northwest Europe has successfully done?
There are stronger and more consistent winds, and much more room to develop them, albeit at higher costs.
Will current project announcements overlap with green hydrogen projects?
If this is done, the wind requirements will be much greater, and will provoke competition for good sites and equipment.
Can countries in the Middle East and North Africa that are less exposed to wind power, particularly the UAE, Qatar and Bahrain, benefit economically from improved turbines for slower wind speeds?
Will other wind-blowing countries with low energy, such as Iraq, Kuwait, Libya and Tunisia, start adopting this technology?
If those questions can be answered with a yes, the spinning turbines and shimmering solar panels in the Middle East and North Africa will become a symbol of the region ’ s shift to clean energy.
arabic

The region is home to the largest single-site solar farm, a 2 GW project in Al Dhafra, Abu Dhabi.

Egypt has solar projects totaling 1.59 GW installed, 0.75 GW under construction, and 1.6 GW planned.

The UAE is investing Dh600 billion in clean energy to achieve net zero emissions by 2050.

Title:

Content: World Future Energy Summit to focus on providing ‘sustainability blueprint’

The three-day event will be held at the Abu Dhabi National Exhibition Centre from January 16 to January 18

Beta V.1.0 - Powered by automated translation

The 2023 World Future Energy Summit aims to provide a “crucial sustainability blueprint” amid a global focus on the energy transition and measures to boost investment in the renewables sector.

Energy industry leaders and policymakers from around the world will participate in the three-day event at the Abu Dhabi National Exhibition Centre from January 16 to January 18, organisers said on Wednesday.

The summit is the centrepiece of Abu Dhabi Sustainability Week, a global initiative championed by the UAE and Abu Dhabi's clean energy company Masdar to hasten sustainable development and advance economic, social, and environmental progress.

“This event has evolved just as the energy sector and our economies are transitioning,” said Suhail Al Mazrouei, Minister of Energy and Infrastructure.

“It has now morphed into the Middle East’s most important industry gathering, of which clean energy and infrastructure are key components.”

Countries in the Middle East such as the UAE, Saudi Arabia, Jordan, Oman and Egypt are boosting investment in the clean energy sector.

The UAE is investing Dh600 billion ($163.5bn) in clean and renewable energy projects over the next three decades as it aims to achieve net zero emissions by 2050.

It is building the world’s largest solar plant with a capacity of two gigawatts in Abu Dhabi's Al Dhafra region that is expected to be ready next year, as well as the Mohammed bin Rashid Solar Park in Dubai with a capacity of five gigawatts.

Saudi Arabia, the Arab world’s largest economy, also announced a number of new renewable energy projects as it seeks to become carbon neutral by 2060.

Egypt, the most populous country in the Arab world, aims to derive 42 per cent of its electricity mix from renewable sources by 2035. The North African country is hosting Cop27 next month.

“This newly transitioned event profile is in the right place at the right time, underlining a much-needed shift towards reaching our clean energy goals, as well as achieving sustainable governance and adopting consumption and [the] production of natural energy methods that ensure the quality of life for current and future generations,” Mr Al Mazrouei said.

Renewable energy investment continued to rise amid green transition efforts globally. Capital investments in renewables are set to surpass oil and gas spending for the first time in 2022 as high power prices prompt countries to further diversify their energy mix, according to a report by Rystad Energy.

Investment in renewable energy is set to hit $494bn in 2022, outstripping upstream oil and gas spending at $446bn for the year, the Oslo-based energy consultancy said this month.

In addition to the focus on energy, water, eco-waste, solar, smart cities, climate and the environment, next year's event will also preside over the launch of a dedicated hydrogen innovation centre as demand for the clean fuel picks up globally amid green transition efforts, organisers said.

The event takes place at a time when the UAE is preparing to host Cop28 next year.

Updated: October 19, 2022, 10:41 AM
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Saudi Arabia aims to be carbon neutral by 2060 with new renewable energy projects.

Egypt targets 42% of its electricity from renewables by 2035.


Labubu toys, also known as Popit, have a similar feel to 'snap paper' and produce a slight 'Pop' sound when pressed, which can be very healing.

The gameplay of Labubu toys is ever-changing, and one of the gameplay options is to quickly press all the keys with friends, with the loser accepting a penalty.

Labubu toys have been described as a 'children's fashion' by some parents, who purchase them for their kids.

The concept of Labubu toys has been around since the 1970s, but they were not successful due to material and market issues.

In recent years, Labubu toys were re-packaged and re-released, leading to their popularity and the creation of videos uploaded to social platforms.

The Labubu phenomenon, also known as the blind box trend, has swept the global market, with nearly 200,000 consumers willing to spend about NT $100,000 on the purchase of blind boxes.

The Labubu Constellation Series was released in August and immediately hit the top five of the sales, indicating its popularity and potential impact on Pop Mart's revenue.

The cute shape of the Labubu Constellation Series is still in many people's collection list, suggesting a loyal customer base and potential for ongoing sales.

The Labubu series has a hidden model, super star COWAWA, which may contribute to the series' appeal and collectibility, driving sales and revenue for Pop Mart.

LABUBU was awarded the title of 'Magic Thailand Experience Officer' which indicates its popularity and influence in Thailand.

LABUBU's airport pickup scene and treatment were comparable to that of a red star, showing its huge fan base and enthusiastic reception.

The Thai authorities held a grand welcome ceremony for LABUBU, which is a rare honor for a pop-up IP image, indicating its significant cultural impact.

LABUBU has a large following in Thailand, with fans wearing LABUBU t-shirts and shouting its name enthusiastically at the airport.

LABUBU's 'The Essence' made a blockbuster appearance in Bangkok, Thailand, which helped to further increase its popularity.

The limited number of LABUBU diver lift cards sold out in less than half an hour, with customers required to spend 999 yuan in the store before they could purchase the 850 yuan item.

The LABUBU diver lift card was a major draw for customers, with many queuing up to buy the item.

The success of the first POP MART store in Taipei led to the opening of five pop-up stores, including the Tainan South Textile Store, to create a Christmas carnival.

The Tainan South Textile Store offers over 100 types of products, including popular items like MOLLY, LABUBU, SKULLPANDA, DIMOO, and PUCKY.

The store's sales and customer traffic have been high, with the LABUBU diver lift card being a particularly popular item.

The LABUBU phenomenon has contributed to the popularity of the POP MART store, with many customers visiting the store to purchase LABUBU items.

Labubu toys, also known as Popit, have a similar feel to 'snap paper' and produce a slight 'Pop' sound when pressed, which can be very healing.

Title:

Content: 40 years later, the world 's most popular toy!?
October 27, 2021 13: 05
Eastern Network Television
More News Clips
Fun Star ’ s new show, “Toy Story ”, will invite artists to try out children ’ s toys and get back to the real world! Judy Kwong will be the first to try out the toys this time.
Put it up right away!
Artist Lin Shengbin (Bob) once uploaded a photo, asked the netizen what the toy in the end is, in fact, the toy is the popular children's toy "Popit", Judy believes that its feel and "snap paper" is very similar, when pressed will occur a slight "Pop" sound, very healing.
And the gameplay is ever-changing, one of the gameplay is to quickly press all the keys with friends, Judy mentioned that the loss needs to accept the penalty.
Do you want to be punished for losing?
It depends on what rules you and your friends make, so free. ” In addition to Judy and Bob, Zhang also bought Popit toys for her daughter, describing it as a “children ’ s fashion ”.
In fact, as early as the 1970s, some people have tried to develop Popit toys. Unfortunately, due to the failure to find suitable materials, coupled with the market reaction, the product has not been successful. In recent years, it was re-packaged as Popit for sale, and people began to upload relevant videos to social platforms.

The gameplay of Labubu toys is ever-changing, and one of the gameplay options is to quickly press all the keys with friends, with the loser accepting a penalty.

Labubu toys have been described as a 'children's fashion' by some parents, who purchase them for their kids.

The concept of Labubu toys has been around since the 1970s, but they were not successful due to material and market issues.

In recent years, Labubu toys were re-packaged and re-released, leading to their popularity and the creation of videos uploaded to social platforms.

The Labubu phenomenon, also known as the blind box trend, has swept the global market, with nearly 200,000 consumers willing to spend about NT $100,000 on the purchase of blind boxes.

Title:

Content: Bubble Mart Blind Box Collect Hot! 5 Most Popular Plus Hidden Models Instant Hand Knife
Intern reporter Liu Yuzhen / Comprehensive report
POP MART 's blind box trend swept the global market. According to Tmall' s statistics as of 2022, nearly 200,000 consumers are willing to spend about NT $100,000 on the purchase of blind boxes. And...
DIMOO is not allowed to sleep tonight.
In September, the DIMOO Tonight No Sleep series, designed by artist AYAN, tells DIMOO came to an ancient castle in the lake, there are many special stories in the castle, waiting for him to explore, there are shadow sailors, mummies, unicorns and many other strange and cute characters, the whole series of 12 + 1 hidden funds, a single draw 330 yuan.
▲ DIMOO tonight no sleep series hidden: the cannibal flower on the stone statue.
(Photo / POP MART official website, same below)
Hirono mime series
Everyone ’ s state of mind is like a huge maze, joy, anger and sadness are hidden in it, and we are often lost in it, each character in this series is implicitly a state, aimless “drifter ”, foolish“ fool ” and evil thinking “devil ” 13, and the hidden money has been speculated on the Internet has reached a high price of 3996 yuan.
The Hirono series.
The Hirono silent series: Silence.
SKULLPANDA Weekday Wonderland Collection
The SKULLPANDA weekday wonderland series, which was released in Taiwan on June 1 this year, is still on the official website for four months. This series takes you to explore who you are. It ’ s a real “you ” moment.
SKULLPANDA Weekday Wonderland Collection Hidden Edition: Myself.
LABUBU Constellation Series
What are you? Almost everyone is proud of their horoscope. When the Rabbu constellation series was released in August, it immediately hit the top five of the sales. Now it is out of the list, but the cute shape is still in many people 's collection list, by Rabbu' s classic smile, with exquisite color matching, so that each feature is very bright, like Gemini is using black and white to express the Gemini. The horse body of Sagittarius uses colorful colors to depict a cheerful, adventurous personality.
▲ Raab constellation series.
▲ Labu constellation series hidden model: super star COWAWA.
Disney ’ s 100th Anniversary – Mickey ’ s Curious Infinity Series
Disney 's charm is infinite, the 100th anniversary and Bubble Mart launched the blind box, this series is really super cute, a lot of Mickey transformed into different shapes, each one is so loved, including painter, Halloween Cosply, Prince, etc., snowman and lemon juice style is also super special, now has sold out, want to collect friends to find other safe channels to buy it.
Curious Unbounded Mickey Blind Box.
Disney ’ s 100th anniversary Mickey Curiosity Unbounded series hidden model: Wooden Mickey.
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Back to the top.

How many consumers has Pop Mart's blind box craze attracted?

What Pop Mart marketing ploy features highly desirable hidden models?

Which products are increasingly viewed as treasures by collectors?

The Labubu Constellation Series was released in August and immediately hit the top five of the sales, indicating its popularity and potential impact on Pop Mart's revenue.

The cute shape of the Labubu Constellation Series is still in many people's collection list, suggesting a loyal customer base and potential for ongoing sales.

What does the collectible toys concept emphasize/

The Labubu series has a hidden model, super star COWAWA, which may contribute to the series' appeal and collectibility, driving sales and revenue for Pop Mart.

LABUBU was awarded the title of 'Magic Thailand Experience Officer' which indicates its popularity and influence in Thailand.

LABUBU's airport pickup scene and treatment were comparable to that of a red star, showing its huge fan base and enthusiastic reception.

Title:

Content: 【 Printing 】
【 Page 1, Page 2, Page 3, Page 4 】
Bubble Mart Helps China and Thailand Trend Cultural Exchange
Related LINKS http: / / www.CRNT.com 2024-07-02 14: 42: 58
LABUBU made a major appearance in Bangkok, Thailand, and was awarded the title of “Magic Thailand Experience Officer ”. (Photo: China ASEAN Report)
Beijing, July 2 / According to the "China ASEAN Report" reported, "LABUBU, LABUBU, LABUBU..." July 1 afternoon, Bangkok Suvarnabhumi Airport crowd, wearing white LABUBU t-shirt Thai fans shouted enthusiastically, Bubble Mart star friend LABUBU took a lovely step forward. They interact with each other passionately.
LABUBU "The Essence" made a blockbuster appearance in Bangkok, Thailand, and the scene and treatment of LABUBU airport pickup is comparable to that of a red star.
Surprisingly, the Thai authorities held a grand welcome ceremony for LABUBU and awarded LABUBU the honorary title of “Amazing Thai Experience Officer ”.
Thailand ’ s Minister of Tourism and Sports, Themsa Pompani, Thailand ’ s National Tourism Authority, Thapani Khithaputhi, Counsellor, Press and Public Diplomacy Office, Embassy of the People ’ s Republic of China in the Kingdom of Thailand, Lieutenant-General Sahela Phiang, Director of Suvarnabhumi Airport, Chen Xiaoyun, Vice President of Puma International Group, and Qian Daizhe, Vice President of Where to Go Travel & Vacation Business Department, attended the welcoming ceremony.
This is also the first time that Thailand has officially given such a high-level title to a pop-up IP image, and it is understood that the new “Magic Thailand Experience Officer ” LABUBU will embark on a week-long“ Adventure Thailand ” tour to deeply experience the local culture and interact with fans at the opening of the Bubble Mart IP theme store.
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Related News:

The Thai authorities held a grand welcome ceremony for LABUBU, which is a rare honor for a pop-up IP image, indicating its significant cultural impact.

LABUBU has a large following in Thailand, with fans wearing LABUBU t-shirts and shouting its name enthusiastically at the airport.

How do teenagers gain identity and intimacy?

LABUBU's 'The Essence' made a blockbuster appearance in Bangkok, Thailand, which helped to further increase its popularity.

The limited number of LABUBU diver lift cards sold out in less than half an hour, with customers required to spend 999 yuan in the store before they could purchase the 850 yuan item.

Title:

Content: POP MART, a trendy brand, opened in Tainan Nanfang Shopping Center today (2). The limited number of “LABUBU ” diver lift cards is limited to 100. Although they need to spend 999 yuan in the store before they can increase the price of 850 yuan, they are still queuing up again. They are sold in less than half an hour. In the store to buy upcoming Christmas limited items, as well as New Year gifts and other goods.
POP MART marketing director Yeh Qianyu said that since the brand ’ s debut in September this year, the first physical store in Taipei ’ s Xinguang Sanyue A11 has attracted all of Taiwan ’ s “baby friends ” to go to the pilgrimage to sweep goods, and there have been more netizens leaving messages on the official social platform since the opening, hoping to set up shop in other counties and cities.
With the Christmas season approaching, Bubble Mart opened a Christmas pop-up shop in five major cities. Among them, Tainan South Textile Store was officially opened today. More than 40 square meters of stores are located in the fashion square on the first floor of Hall A1 of Nan Textile Mall. "UBU diver lift card", attracting a large number of "baby friends" to buy.
POP MART Taiwan said that after the success of its first store in Taipei, it decided to open five pop-up stores at a time to create a five-city connected Christmas carnival belonging to POP MART in order to satisfy the “baby friends ” of other counties and cities.
As for the follow-up store plan, we are currently actively planning, and we will meet you at the ideal location in the future!
South Textile store covers an area of more than 40 square meters, which is larger than the existing Shin Kong Mitsukoshi A11 store. The overall store design is transparent and metal material as the main elements, combining the sense of the future and the industrial style, to create a dazzling look, which has become the latest hot spot on the first floor of South Textile Shopping Center A1.
This flash lasts for 32 days, from now until January 2 next year.
In order to provide consumers with the most complete selection of items, Tainan South Textile Store has completely transplanted the popular items of Shin Kong Mitsukoshi A11 store. It sells more than 100 types of products, including MOLLY, LABUBU, SKULLPANDA, DIMOO and PUCKY. Shop like a trendy boutique-style store and create a shopping paradise for “baby friends ”.
In order to celebrate the opening of the Tainan South Textile Store, Bubble Mart specially prepared for the southern "baby friend". In advance, it announced on the POP MART Taiwan fan page that the popular product "LABUBU Diver Lifting Card" will be back on the shelves. That is, it is added to the sale, it can be seen that the bubble charm is difficult to resist.
In addition, to celebrate the arrival of Christmas, Tainan Nan Textile Store will hold a “Christmas Gift ” event from now until December 16. There are four limited Christmas gifts, including“ LABUBU Christmas Jelly Sticks ” for every purchase, “SKULLPANDA Christmas Card ” for every purchase." Christmas gift bag "and" Christmas transparent hanging ball "for spending over $1299.
# LABUBU Diver Lift Card # NANTEX Mall # Limited # POPMART # Christmas

The LABUBU diver lift card was a major draw for customers, with many queuing up to buy the item.

The success of the first POP MART store in Taipei led to the opening of five pop-up stores, including the Tainan South Textile Store, to create a Christmas carnival.

The Tainan South Textile Store offers over 100 types of products, including popular items like MOLLY, LABUBU, SKULLPANDA, DIMOO, and PUCKY.

Which designers does Pop Mart collaborate with?

The store's sales and customer traffic have been high, with the LABUBU diver lift card being a particularly popular item.

The LABUBU phenomenon has contributed to the popularity of the POP MART store, with many customers visiting the store to purchase LABUBU items.


Labubu toys, also known as Popit, produce a slight 'pop' sound when pressed, which can be very healing.

Labubu toys have existed since the 1970s, but were initially unsuccessful.

The re-release of Labubu toys has led to their popularity and the creation of social media videos.

The Labubu phenomenon has swept the global market, with nearly 200,000 consumers willing to spend NT$100,000 on blind boxes.

The Labubu Constellation Series, released in August, immediately hit the top five in sales.

The Labubu Constellation Series remains popular, indicating a loyal customer base and potential for ongoing sales.

The Labubu series' hidden model, super star COWAWA, may drive sales and revenue for Pop Mart due to its appeal and collectibility.

LABUBU was awarded the title of 'Magic Thailand Experience Officer' for its popularity and influence in Thailand.

LABUBU received a red-carpet-like airport pickup, reflecting its huge fan base and enthusiastic reception.

Thai authorities held a grand welcome ceremony for LABUBU, a rare honor indicating its significant cultural impact.

LABUBU has a large following in Thailand, with enthusiastic fans wearing its t-shirts and shouting its name.

LABUBU's 'The Essence' made a blockbuster appearance in Bangkok, Thailand, increasing its popularity.

LABUBU diver lift cards, requiring a 999 yuan in-store purchase, sold out in under 30 minutes for 850 yuan each.

The LABUBU diver lift card was a major draw for customers.

The first POP MART store in Taipei led to the opening of five pop-up stores for a Christmas carnival.

The LABUBU phenomenon has boosted the popularity of the POP MART store.

Labubu toys, also known as Popit, produce a slight 'pop' sound when pressed, which can be very healing.

Title:

Content: 40 years later, the world 's most popular toy!?
October 27, 2021 13: 05
Eastern Network Television
More News Clips
Fun Star ’ s new show, “Toy Story ”, will invite artists to try out children ’ s toys and get back to the real world! Judy Kwong will be the first to try out the toys this time.
Put it up right away!
Artist Lin Shengbin (Bob) once uploaded a photo, asked the netizen what the toy in the end is, in fact, the toy is the popular children's toy "Popit", Judy believes that its feel and "snap paper" is very similar, when pressed will occur a slight "Pop" sound, very healing.
And the gameplay is ever-changing, one of the gameplay is to quickly press all the keys with friends, Judy mentioned that the loss needs to accept the penalty.
Do you want to be punished for losing?
It depends on what rules you and your friends make, so free. ” In addition to Judy and Bob, Zhang also bought Popit toys for her daughter, describing it as a “children ’ s fashion ”.
In fact, as early as the 1970s, some people have tried to develop Popit toys. Unfortunately, due to the failure to find suitable materials, coupled with the market reaction, the product has not been successful. In recent years, it was re-packaged as Popit for sale, and people began to upload relevant videos to social platforms.

Besides sensory enjoyment, what do trendy toys provide enthusiasts?

Labubu toys have existed since the 1970s, but were initially unsuccessful.

The re-release of Labubu toys has led to their popularity and the creation of social media videos.

The Labubu phenomenon has swept the global market, with nearly 200,000 consumers willing to spend NT$100,000 on blind boxes.

The Labubu Constellation Series, released in August, immediately hit the top five in sales.

Title:

Content: Bubble Mart Blind Box Collect Hot! 5 Most Popular Plus Hidden Models Instant Hand Knife
Intern reporter Liu Yuzhen / Comprehensive report
POP MART 's blind box trend swept the global market. According to Tmall' s statistics as of 2022, nearly 200,000 consumers are willing to spend about NT $100,000 on the purchase of blind boxes. And...
DIMOO is not allowed to sleep tonight.
In September, the DIMOO Tonight No Sleep series, designed by artist AYAN, tells DIMOO came to an ancient castle in the lake, there are many special stories in the castle, waiting for him to explore, there are shadow sailors, mummies, unicorns and many other strange and cute characters, the whole series of 12 + 1 hidden funds, a single draw 330 yuan.
▲ DIMOO tonight no sleep series hidden: the cannibal flower on the stone statue.
(Photo / POP MART official website, same below)
Hirono mime series
Everyone ’ s state of mind is like a huge maze, joy, anger and sadness are hidden in it, and we are often lost in it, each character in this series is implicitly a state, aimless “drifter ”, foolish“ fool ” and evil thinking “devil ” 13, and the hidden money has been speculated on the Internet has reached a high price of 3996 yuan.
The Hirono series.
The Hirono silent series: Silence.
SKULLPANDA Weekday Wonderland Collection
The SKULLPANDA weekday wonderland series, which was released in Taiwan on June 1 this year, is still on the official website for four months. This series takes you to explore who you are. It ’ s a real “you ” moment.
SKULLPANDA Weekday Wonderland Collection Hidden Edition: Myself.
LABUBU Constellation Series
What are you? Almost everyone is proud of their horoscope. When the Rabbu constellation series was released in August, it immediately hit the top five of the sales. Now it is out of the list, but the cute shape is still in many people 's collection list, by Rabbu' s classic smile, with exquisite color matching, so that each feature is very bright, like Gemini is using black and white to express the Gemini. The horse body of Sagittarius uses colorful colors to depict a cheerful, adventurous personality.
▲ Raab constellation series.
▲ Labu constellation series hidden model: super star COWAWA.
Disney ’ s 100th Anniversary – Mickey ’ s Curious Infinity Series
Disney 's charm is infinite, the 100th anniversary and Bubble Mart launched the blind box, this series is really super cute, a lot of Mickey transformed into different shapes, each one is so loved, including painter, Halloween Cosply, Prince, etc., snowman and lemon juice style is also super special, now has sold out, want to collect friends to find other safe channels to buy it.
Curious Unbounded Mickey Blind Box.
Disney ’ s 100th anniversary Mickey Curiosity Unbounded series hidden model: Wooden Mickey.
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The Labubu Constellation Series remains popular, indicating a loyal customer base and potential for ongoing sales.

Consumers mainly buy blind boxes for what purpose?

The Labubu series' hidden model, super star COWAWA, may drive sales and revenue for Pop Mart due to its appeal and collectibility.

LABUBU was awarded the title of 'Magic Thailand Experience Officer' for its popularity and influence in Thailand.

LABUBU received a red-carpet-like airport pickup, reflecting its huge fan base and enthusiastic reception.

Title:

Content: 【 Printing 】
【 Page 1, Page 2, Page 3, Page 4 】
Bubble Mart Helps China and Thailand Trend Cultural Exchange
Related LINKS http: / / www.CRNT.com 2024-07-02 14: 42: 58
LABUBU made a major appearance in Bangkok, Thailand, and was awarded the title of “Magic Thailand Experience Officer ”. (Photo: China ASEAN Report)
Beijing, July 2 / According to the "China ASEAN Report" reported, "LABUBU, LABUBU, LABUBU..." July 1 afternoon, Bangkok Suvarnabhumi Airport crowd, wearing white LABUBU t-shirt Thai fans shouted enthusiastically, Bubble Mart star friend LABUBU took a lovely step forward. They interact with each other passionately.
LABUBU "The Essence" made a blockbuster appearance in Bangkok, Thailand, and the scene and treatment of LABUBU airport pickup is comparable to that of a red star.
Surprisingly, the Thai authorities held a grand welcome ceremony for LABUBU and awarded LABUBU the honorary title of “Amazing Thai Experience Officer ”.
Thailand ’ s Minister of Tourism and Sports, Themsa Pompani, Thailand ’ s National Tourism Authority, Thapani Khithaputhi, Counsellor, Press and Public Diplomacy Office, Embassy of the People ’ s Republic of China in the Kingdom of Thailand, Lieutenant-General Sahela Phiang, Director of Suvarnabhumi Airport, Chen Xiaoyun, Vice President of Puma International Group, and Qian Daizhe, Vice President of Where to Go Travel & Vacation Business Department, attended the welcoming ceremony.
This is also the first time that Thailand has officially given such a high-level title to a pop-up IP image, and it is understood that the new “Magic Thailand Experience Officer ” LABUBU will embark on a week-long“ Adventure Thailand ” tour to deeply experience the local culture and interact with fans at the opening of the Bubble Mart IP theme store.
【 Page 1, Page 2, Page 3, Page 4 】
【 Printing 】
Related News:

Thai authorities held a grand welcome ceremony for LABUBU, a rare honor indicating its significant cultural impact.

LABUBU has a large following in Thailand, with enthusiastic fans wearing its t-shirts and shouting its name.

How do teenagers gain identity and intimacy?

LABUBU's 'The Essence' made a blockbuster appearance in Bangkok, Thailand, increasing its popularity.

LABUBU diver lift cards, requiring a 999 yuan in-store purchase, sold out in under 30 minutes for 850 yuan each.

Title:

Content: POP MART, a trendy brand, opened in Tainan Nanfang Shopping Center today (2). The limited number of “LABUBU ” diver lift cards is limited to 100. Although they need to spend 999 yuan in the store before they can increase the price of 850 yuan, they are still queuing up again. They are sold in less than half an hour. In the store to buy upcoming Christmas limited items, as well as New Year gifts and other goods.
POP MART marketing director Yeh Qianyu said that since the brand ’ s debut in September this year, the first physical store in Taipei ’ s Xinguang Sanyue A11 has attracted all of Taiwan ’ s “baby friends ” to go to the pilgrimage to sweep goods, and there have been more netizens leaving messages on the official social platform since the opening, hoping to set up shop in other counties and cities.
With the Christmas season approaching, Bubble Mart opened a Christmas pop-up shop in five major cities. Among them, Tainan South Textile Store was officially opened today. More than 40 square meters of stores are located in the fashion square on the first floor of Hall A1 of Nan Textile Mall. "UBU diver lift card", attracting a large number of "baby friends" to buy.
POP MART Taiwan said that after the success of its first store in Taipei, it decided to open five pop-up stores at a time to create a five-city connected Christmas carnival belonging to POP MART in order to satisfy the “baby friends ” of other counties and cities.
As for the follow-up store plan, we are currently actively planning, and we will meet you at the ideal location in the future!
South Textile store covers an area of more than 40 square meters, which is larger than the existing Shin Kong Mitsukoshi A11 store. The overall store design is transparent and metal material as the main elements, combining the sense of the future and the industrial style, to create a dazzling look, which has become the latest hot spot on the first floor of South Textile Shopping Center A1.
This flash lasts for 32 days, from now until January 2 next year.
In order to provide consumers with the most complete selection of items, Tainan South Textile Store has completely transplanted the popular items of Shin Kong Mitsukoshi A11 store. It sells more than 100 types of products, including MOLLY, LABUBU, SKULLPANDA, DIMOO and PUCKY. Shop like a trendy boutique-style store and create a shopping paradise for “baby friends ”.
In order to celebrate the opening of the Tainan South Textile Store, Bubble Mart specially prepared for the southern "baby friend". In advance, it announced on the POP MART Taiwan fan page that the popular product "LABUBU Diver Lifting Card" will be back on the shelves. That is, it is added to the sale, it can be seen that the bubble charm is difficult to resist.
In addition, to celebrate the arrival of Christmas, Tainan Nan Textile Store will hold a “Christmas Gift ” event from now until December 16. There are four limited Christmas gifts, including“ LABUBU Christmas Jelly Sticks ” for every purchase, “SKULLPANDA Christmas Card ” for every purchase." Christmas gift bag "and" Christmas transparent hanging ball "for spending over $1299.
# LABUBU Diver Lift Card # NANTEX Mall # Limited # POPMART # Christmas

The LABUBU diver lift card was a major draw for customers.

The first POP MART store in Taipei led to the opening of five pop-up stores for a Christmas carnival.

The LABUBU phenomenon has boosted the popularity of the POP MART store.