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Energy & Sustainability

Oil and gas, renewables, storage and environmental industries

Policy & Legal Updates
Source: ORF Middle East

ORF Middle East Examines SME Role in UAE Net-Zero 2050 Strategy

An analysis by ORF Middle East highlights that SMEs represent 94 to 95 percent of UAE businesses and generate over 60 percent of non-oil GDP. The paper argues that achieving UAE Net-Zero by 2050 requires simplified emissions reporting, lower compliance costs, and enhanced transition finance for smaller firms. Decarbonising SMEs is increasingly vital as major domestic corporations tackle Scope 3 supply-chain emissions.

Policy & Legal Updates
Source: Emirates News Agency (WAM)

China to Reduce VAT Export Rebate on New Energy Vehicles to Nine Percent

China's Ministry of Finance and the State Taxation Administration announced plans to cut the value-added tax export rebate for new energy vehicles from 13 percent to 9 percent, taking effect April 1, 2027. In addition, export rebates on battery products will be fully eliminated starting January 1, 2027. Existing consumption tax refund and exemption mechanisms will remain unaffected.

Industry News
Source: Eye of Riyadh

ACWA Power Explores 4.5GW Mongolian Renewable Project for Power Exports to China

Saudi utility developer ACWA Power has signed a cooperation memorandum with Mongolia's Sun Step Power to assess a renewable energy venture targeting power exports to China. The initiative outlines a target generation capacity of 4.5GW alongside a 500MWh battery storage system. The agreement includes evaluating the development of wind, solar, and cross-border electricity transmission infrastructure.

Industry News
Source: MENAFN

Dalipal Holdings Inks Deal for US$600 Million Facility at Saudi SPARK

Hong Kong-listed Dalipal Holdings finalized a 25-year lease for a 1,030,916-square-meter site at King Salman Energy Park in Saudi Arabia. The agreement initiates Phase 1 of an energy equipment base with approximately $600 million in committed capital expenditure toward a planned $2.1 billion total investment. The plant will produce seamless steel pipes, OCTG, and hydrogen pipelines to serve the Gulf and Middle East.

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