Japanese firms expected to spend $300 billion in GCC region…

Japanese firms have their eyes set on the GCC region, which is expected to spend $300bn on water technology and desalination projects until 2022.

Tadashi Mitsugi, director, Japan Co-operation Centre for the Middle East (JCCME) said, “The Mena (Middle East and North Africa) region is one of the most exciting markets for clean technology development, water treatment and natural resources management in the world. Rising energy and potable water demands, combined with huge solar and wind potential and strong leadership in the move towards sustainability, make it an attractive market for Japanese environmental technology companies.

“Nowhere is this truer than in Abu Dhabi, and we look forward to exploring the emerging opportunities the region’s flagship future energy event offers us.”

Japan emerged as the only top 20 ranked Asian country in the 2013 Global Sustainable Competitiveness Index, released earlier this year. The East Asian nation was placed 12th among 176 countries, for its ability to maintain economic growth in a world of reduced natural resources. In the specific field of sustainable innovation, Japan ranked fourth.

“Japan is a global leader in the deployment of solar energy and a clean technology innovator,” said Naji Haddad, show director of the World Future Energy Summit. “Their experience and knowledge can play a key role in enhancing the UAE’s and wider region’s renewable energy and clean technology industry as it enters a period of growth.

“The World Future Energy Summit and International Water Summit unite players from across the full value chain, offering innovators and technology players both large and small, an unrivalled platform to showcase and realise commercial opportunities.”

The Middle East and North Africa is fast emerging as one of the world’s most promising clean energy regions, particularly in the adoption of solar energy. The region has the potential to supply between 50 and 70% of the world’s energy.

The Mena region has allocated $50bn to renewable energy deployment until 2020.

Responsible for nearly 60% of global desalination capacity, the region is also piloting desalination from renewable energy technology. Masdar recently awarded four companies with a contract to begin work on a pilot project.

Japan, an Asian leader in sustainability, has confirmed its participation at the 2015 edition of the World Future Energy Summit (WFES) and International Water Summit (IWS) in January, 2015.

The events, which take place during Abu Dhabi Sustainability Week – hosted by Masdar – will offer Japanese companies a window into the UAE and GCC region’s growing clean energy and water industries.

The announcement was made following a visit to Tokyo this week by a UAE delegation that included Matthew Griffiths, Director of Water Strategy and Reuse at Abu Dhabi’s Regulation and Supervision Bureau, and Naji El Haddad, WFES Show Director.

The delegation outlined the commercial opportunities for inward investment as the region diversifies its energy mix, water resources and steps up its sustainability ambitions. Source: Gulf Times