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If you are having trouble reading this email, read the online version. June 2024 Edition The MENA energy sector saw significant progress this month, with key developments in Saudi Arabia, Egypt and North Africa. The region is showing remarkable resilience and potential for growth, painting an optimistic picture for the upcoming summer months. Saudi Ministry of Energy backs the launch of Al Ojaimi Industrial Group's new cable factory The Union Paths Cable Factory will produce 5,000 tons of aluminum and 10,000 tons of copper cables annually, meeting local energy sector demands and advancing Saudi Vision 2030 goals. Read more Maximizing Africa's Clean Energy Potential through the AFSEM The African Single Electricity Market (AfSEM) aims to unlock Africa's vast renewable energy potential by enabling cross-border energy trade, fostering large-scale renewable projects, and enhancing continent-wide power supply. Read more Consortium signs MoU for new green methanol facility in Egypt A consortium including AD Ports Group, Orascom Construction, and Transmar has signed an MoU to develop a green methanol facility in the Suez Canal to produce low-carbon fuel for maritime transport. Read more Energy investment in Middle East to reach US$175 billion in 2024 Energy investments in the Middle East are projected to reach $175 billion in 2024, with 15% allocated to clean energy projects. The IEA report highlights a growing commitment to renewable energy despite the region's dominance in fossil fuels. Read more Upcoming Energy Events NIGERIA ENERGY 15 - 17 October 2024 FUTURE POWER EXPO 26 - 28 November 2024 AFRICA ENERGY EXPO 4 - 6 November 2024 EGYPT ENERGY 26 - 28 November 2024 energy-utilities.com This email was sent to you by the Informa Markets Division of Informa PLC (Privacy Policy). Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726. If you do not wish to receive further information from us, please click here. Alternatively, to contact our data services team to have your details or preferences updated please email imdatateam@informa.com.