France’s ENGIE invests $11.9bln in energy, water, green hydrogen projects in UAE

France’s ENGIE invests $11.9bln in energy, water, green hydrogen projects in UAE

Frédéric Claux, Managing Director Flexible Generation and Retail, Africa Middle East Asia at ENGIE, announced that the value of the company's investments in energy, water desalination and green hydrogen projects in the UAE totals some US$12 billion (AED44 billion).

He also expressed the company's aspirations for further growth, especially as the UAE is one of its leading strategic markets in the Middle East.

In a statement to the Emirates News Agency (WAM), Claux explained that ENGIE 's investments in the UAE are distributed across several strategic and vital projects, which include the development of the Al Ajban Solar PV, water desalination projects, battery storage and green hydrogen production, as well as the development and operation of the Mirfa 2 Reverse Osmosis Independent Water Project, and the running of six power and water plants in the country.

He also highlighted the importance of the Emirati market for ENGIE, especially as it is one of its key markets in the Middle East and is a hub for business growth, noting that the company has successfully established its presence in the UAE over many years and is keen to achieve further growth in this strategic market, through primarily focusing on providing renewable energy solutions for water