October 10, 2021

10 Sustainable Projects And Initiatives In MENA

As sustainability issues continue to hit the headlines worldwide, businesses that are good for the environment are also good for the bottom line. Investors globally are today placing value in companies that have strong sustainability schemes. While not yet mandatory, reporting on your environmental, social, and governance (ESG) initiatives is becoming more common, and investors are increasingly using reports as part of their analysis process to identify material risks and growth opportunities.

Governments across MENA are looking to promote green technologies and good practices. For example, sustainability is a key part of Saudi’s Vision 2030, the U.A.E. has launched a Ministry of Climate Change and Environment, and Egypt has announced a sustainable development strategy for the country.

The sustainability scene in the region is very diverse. Large local and multinational companies with their core business in traditional industries are executing billion-dollar sustainability projects or spending millions on making their operations better for the environment. There are also many established companies whose core activities are already in environmental industries like renewable energy and waste management.

Methodology

We highlight the projects and initiatives undertaken by companies whose core business is more traditional. They are either diversifying to include green businesses or have made changes to their operations or infrastructure to have a positive impact on the environment. We considered:
• Size of the project.
• Environmental impact in terms of carbon emissions, waste, and the consumption of resources.
• Uniqueness and innovation.
• Transparency in reporting sustainability figures.
• Diversity in terms of geography as well as technology and subsectors.
This is not a ranking. Companies are presented in alphabetical order.

Al Ain Plant-Based Bottle
Al Ain Plant-Based Bottle
Al Dhafra solar photovoltaic (PV) independent power producer (IPP)
Al Reyadah
Al Reyadah
Converge
Converge
DataXion’s data center
DataXion’s data center
HSBC tower
HSBC tower
Majid Al Futtaim's Sustainability-Linked Loan (SLL)
Majid Al Futtaim's Sustainability-Linked Loan (SLL)
Mohammed Bin Rashid Al Maktoum Solar Park
Mohammed Bin Rashid Al Maktoum Solar Park
Nestlé solar PV panels and Dorna initiative
Nestlé solar PV panels and Dorna initiative
Queen Alia International Airport
Queen Alia International Airport
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