Latest news with #DrSultanAlJaber
Zawya
10-07-2025
- Business
- Zawya
Masdar hosts European business partners and executives in Madrid to accelerate advanced energy partnerships
Dr Sultan Al Jaber visited Saeta's Madrid headquarters to mark the company's full integration into Masdar and align on an accelerated growth agenda Madrid, Spain – Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader – convened an exclusive, high-level business forum in Madrid to strengthen partnerships and position the company for its next phase of growth in the Iberian market. Led by Dr Sultan Al Jaber, Chairman of Masdar, the Tuesday gathering assembled senior representatives from Spanish and Portuguese government entities, regulatory bodies, utilities, institutional investors, offtakers, and technology providers. The discussion centered on accelerating the Iberian Peninsula's energy transformation and reinforcing Spain's role as a strategic hub within Masdar's European portfolio. A cornerstone of Masdar's European expansion strategy is its US $1.4 billion acquisition of Saeta, finalized last year. Operating across Spain and Portugal, Saeta now serves as a primary platform for scaling Masdar's renewable-energy footprint and advancing regional decarbonization objectives. During his visit to Saeta's Madrid headquarters, Dr Al Jaber met with executive leadership and employees, celebrating the successful integration and outlining an ambitious roadmap to amplify Saeta's market impact. Masdar's European investments continue to diversify through multiple channels. In addition to the Saeta transaction, Masdar concluded a €3.2 billion acquisition of TERNA ENERGY in Greece and entered a €1.7 billion strategic partnership with Endesa in Spain, acquiring a 49.99 percent stake in a 2.5GW portfolio of renewable assets – one of Spain's largest clean-energy transactions in recent years. Since its establishment in 2006, Masdar has developed and partnered in projects in over 40 countries, with a mandate to increase its renewable energy portfolio capacity to 100GW by 2030. Contacts: For media inquiries, please contact: press@ For more information please visit: and connect: and About Masdar Masdar (Abu Dhabi Future Energy Company) is one of the world's leading clean energy companies. Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate the transformation of energy systems and help the world meet its net-zero ambitions. Established in 2006, Masdar has developed and invested in projects in over 40 countries with a combined capacity of 51 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future. Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year.
Yahoo
10-07-2025
- Business
- Yahoo
Masdar Hosts European Business Partners and Executives in Madrid to Accelerate Advanced Energy Partnerships
Senior-level forum in Madrid that brought together more than 200 decision-makers from government, finance, and the broader Spanish energy ecosystem Dr Sultan Al Jaber visited Saeta's Madrid headquarters to mark the company's full integration into Masdar and align on an accelerated growth agenda Madrid, Spain--(Newsfile Corp. - July 10, 2025) - Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader – convened an exclusive, high-level business forum in Madrid to strengthen partnerships and position the company for its next phase of growth in the Iberian market. Led by Dr Sultan Al Jaber, Chairman of Masdar, the Tuesday gathering assembled senior representatives from Spanish and Portuguese government entities, regulatory bodies, utilities, institutional investors, offtakers, and technology providers. The discussion centered on accelerating the Iberian Peninsula's energy transformation and reinforcing Spain's role as a strategic hub within Masdar's European portfolio. A cornerstone of Masdar's European expansion strategy is its US $1.4 billion acquisition of Saeta, finalized last year. Operating across Spain and Portugal, Saeta now serves as a primary platform for scaling Masdar's renewable-energy footprint and advancing regional decarbonization objectives. During his visit to Saeta's Madrid headquarters, Dr Al Jaber met with executive leadership and employees, celebrating the successful integration and outlining an ambitious roadmap to amplify Saeta's market impact. Masdar's European investments continue to diversify through multiple channels. In addition to the Saeta transaction, Masdar concluded a €3.2 billion acquisition of TERNA ENERGY in Greece and entered a €1.7 billion strategic partnership with Endesa in Spain, acquiring a 49.99 percent stake in a 2.5GW portfolio of renewable assets – one of Spain's largest clean-energy transactions in recent years. Since its establishment in 2006, Masdar has developed and partnered in projects in over 40 countries, with a mandate to increase its renewable energy portfolio capacity to 100GW by 2030. Image 1 To view an enhanced version of this graphic, please visit: Image 2 To view an enhanced version of this graphic, please visit: Image 3 To view an enhanced version of this graphic, please visit: Image 4 To view an enhanced version of this graphic, please visit: Image 5 To view an enhanced version of this graphic, please visit: Image 6 To view an enhanced version of this graphic, please visit: -ENDS- Contacts:For media inquiries, please contact: press@ For more information please visit: and connect: and About Masdar Masdar (Abu Dhabi Future Energy Company) is one of the world's leading clean energy companies. Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate the transformation of energy systems and help the world meet its net-zero ambitions. Established in 2006, Masdar has developed and invested in projects in over 40 countries with a combined capacity of 51 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future. Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year. To view the source version of this press release, please visit Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Zawya
02-07-2025
- Business
- Zawya
UAE, China explore cooperation in energy, infrastructure
Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Managing Director and Group CEO of Adnoc, and Chairman of Masdar, conducted a working visit to the People's Republic of China, where he met with senior Chinese government officials as well as top executives from leading Chinese companies. The visit aimed to strengthen bilateral relations and expand cooperation in energy, renewable energy, industry, and infrastructure. During the visit, Dr Al Jaber met with Lan Fo'an, China's Minister of Finance, and Liu Jianchao, Head of the International Department of the Central Committee of the Communist Party (CPC) of China, and Zou Jiayi, President of AIIB in the presence of Hussain bin Ibrahim Al Hammadi, UAE Ambassador to China. Dr Al Jaber emphasised the UAE's unwavering commitment to strengthening and expanding the Comprehensive Strategic Partnership with China, and the importance of launching new initiatives that support the development goals of both nations, with a focus on empowering national companies and enhancing collaboration between the public and private sectors, in a way that supports mutual sustainable economic growth and prosperity. Dr Al Jaber held a series of meetings with senior leaders from major Chinese companies, including Wang Yuetao, Chairman of ZhenHua Oil, Liao Zengtai, Chairman of Wanhua, a leading chemicals manufacturing company; Liu Haoling, President of the China Investment Corporation (CIC); Dai Houliang, Chairman of China National Petroleum Corporation (CNPC), one of the world's largest energy and petrochemical companies; Zhang Chuanjiang, Chairman of China National Offshore Oil Corporation (CNOOC); Zhang Lei, Chairman of Envision, specialising in renewables and smart energy management solutions; Song Hailiang, Chairman of China Energy Engineering Corporation (CEEC), active in energy and infrastructure projects. The meetings focused on the latest developments in cooperation across energy sectors, including renewables, oil and gas, LNG, refining, and petrochemicals, as well as strategic shipping and storage. They also explored ways to enhance investments in priority areas of mutual interest and potential industrial infrastructure projects, in line with both countries' shared interest to advancing industrial and technological partnerships that support sustainable development, facilitate knowledge transfer and localisation, and boost global competitiveness. China remains the UAE's largest trading partner, with total bilateral trade exceeding US$100 billion in 2024, reflecting a year-on-year growth of 7%, driven primarily by an 18% increase in imports. In the first quarter of 2025, non-oil trade between the two countries grew by approximately 18% compared to the same period last year, supported by a 32.5% rise in exports, a 20.2% increase in re-exports, and a 12.7% growth in imports.
The National
27-06-2025
- Business
- The National
UAE reaffirms commitment to global partnerships and sustainable goals at AIIB Beijing summit
The UAE has reaffirmed its commitment to global partnerships and sustainable development goals during a meeting of the board of governors of t he Asian Infrastructure Investment Bank (AIIB) in Beijing. Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and the UAE governor to the AIIB, participated in the high-level roundtable held on the sidelines of the bank's annual meeting of the board of governors from June 24 to 26. Dr Al Jaber commended AIIB's achievements and its critical role in financing transformative infrastructure projects across member countries. The UAE's support for this strategic partnership aligns with the directives of its leadership, who prioritise multilateral co-operation, economic development and bridge-building among nations, he added. During his meeting with Zou Jiayi, the new president of AIIB, Dr Al Jaber also reaffirmed the UAE's continued support for AIIB's efforts to expand its global impact and noted the bank's success in improving living standards in many countries through developmental support. Based in Beijing, AIIB has 110 members, with the UAE joining as a founding and permanent member in 2015. The UAE also hosts the bank's first operational office outside of China, which was opened at ADGM in 2023. The bank, with $100 billion in total capital, has approved financing exceeding $60 billion to support 318 projects in the past decade. According to its 2024 annual report, the bank approved 51 new projects in 19 member countries, amounting to $8.4 billion in financing. AIIB also made significant progress in climate financing, allocating 67 per cent of its total $5.6 billion in funding to sustainable projects, exceeding its 2025 target of 50 per cent, according to the statement. Among these initiatives were renewable energy projects with a combined capacity of more than 21 gigawatts, contributing to the annual avoidance of approximately 28 million tonnes of CO₂ emissions. Mohamed Al Suwaidi, director general of the Abu Dhabi Fund for Development and alternate governor for the UAE at AIIB said the bank's office at ADGM has proven to be successful in expanding lender's operations.
The National
26-06-2025
- Business
- The National
UAE and Chinese officials seek to boost co-operation in various sectors
Bolstering co-operation between the UAE and China in energy, renewables, infrastructure and other areas was on the agenda on Thursday during a series of official meetings in Beijing. Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and Adnoc's managing director and group chief executive, took part in the visit to China, where he met Lan Fo'an, China's Minister of Finance, as well as other Chinese officials and company executives. According to UAE state news agency, Wam, liquefied natural gas, petrochemicals and strategic shipping were among the topics discussed as the two countries sought to enhance partnerships. The recent meeting came several months after Adnoc signed the UAE's largest LNG supply agreement with various Chinese companies. In recent years, ties between the UAE and China have been on the rise as the Arab world's second-largest economy continues to diversify and grow. As of 2024, China was the UAE's largest trading partner, with more than $100 billion in total bilateral trade. Thursday's series of meeting between Dr Al Jaber and Chinese officials and business leaders also touched on both countries' shared interest in advancing industrial and technological partnerships that support sustainable development, enabling knowledge transfer and boosting global competitiveness, Wam reported.
