In The Spotlight
Stonepeak, a leading alternative investment firm focused on infrastructure and real assets, has unveiled WahajPeak, its first renewable energy platform in the Middle East.
The platform aims to acquire and develop high-quality utility-scale renewable energy projects, including solar, wind, and battery storage, across the Gulf Cooperation Council (GCC) and the wider Middle East.
WahajPeak’s launch comes amid strong regional policy support for decarbonisation, energy diversification, and grid modernisation, providing a favorable environment for renewable energy growth.
Stonepeak's previous initiatives include the Asia Energy Storage Platform, Peak Energy, and Synera Renewable Energy, all focused on renewable asset development, ownership, and operation in Asia.
In North America, the firm developed Madison Energy Investments, a distributed solar platform fully realised in 2023.
The MENA portfolio
More recently, Stonepeak launched JouleTerra, a European renewables land aggregation platform, and Longview Infrastructure, a North American transmission investment platform.
Through its platforms and investments, Stonepeak currently manages 10.4 GW of renewable energy capacity across wind, solar, and battery storage projects that are operational, under construction, or in development.
WahajPeak marks the firm’s first dedicated renewable initiative in the Middle East, reinforcing Stonepeak’s commitment to driving the region’s clean energy transition while leveraging its global experience in renewable infrastructure development.
Mothana Qteishat, who will lead the platform, said, “Governments across the Middle East and North Africa are targeting the deployment of approximately 175 GW of renewable energy capacity by 2030, creating a rapidly growing need for reliable, utility-scale infrastructure. With the WahajPeak team’s strong execution track record and Stonepeak’s deep experience in renewable energy investment and platform building, we are well-positioned to meet this demand. We’ve designed WahajPeak to scale and adapt over time, in step with the region’s evolving energy landscape, and we are excited to work closely with our stakeholders to seize the significant opportunities ahead.”
Hajir Naghdy, senior managing director and head of Asia and the Middle East at Stonepeak, said, “Stonepeak has solidified its presence in the Middle East through dedicated boots on the ground in Riyadh and Abu Dhabi, and our previously announced partnership with The Arab Energy Fund. With the establishment of WahajPeak, we are furthering our commitment to the region. We look forward to leveraging our local presence and significant experience building and scaling pan-regional platforms as we work with Mothana and team to grow WahajPeak.”
Ryan Chua, senior managing director at Stonepeak, added, “WahajPeak is a great example of Stonepeak’s approach to platform creation—combining exceptional talent with long-term capital, and our sector capabilities and network, to deliver essential infrastructure—making it a natural fit for our global renewables strategy. We have the utmost confidence in Mothana and the WahajPeak team, whose extensive experience and expertise in the region will be invaluable as we look to support the region’s energy transformation.”
Also read: Oman introduces new incentives to boost green hydrogen projects
Dubai Electricity and Water Authority (DEWA) has started trial operations and electricity export from its pumped-storage hydroelectric power plant in Hatta, following an announcement by HE Saeed Mohammed Al Tayer, MD and CEO of DEWA, during a site visit to the project.
The plant, currently in its final testing phase, has already produced more than 17,921 megawatt-hours of electricity.
Once fully operational, it will provide 250 MW of generation capacity, 1,500MWh of storage, and is expected to operate for up to 80 years. With peak demand in Hatta at around 39 MW, surplus power will be supplied to Dubai’s grid.
Al Tayer toured the underground power station, located 60 metres below ground level, where he reviewed the operation of two main water valves weighing 110 tonnes each.
He also visited the command and control centre, witnessed operational tests of pumping and generation, and inspected the upper dam, which has a storage capacity of 5.3mn cubic metres of water.
Expanding renewable targets
The structure consists of two compressed concrete walls, the main wall rising 72 metres in height and stretching 225 metres in length.
The AED1.42bn project is part of DEWA’s wider efforts to expand renewable and storage technologies.
Alongside solar PV, concentrated solar power, and battery systems, the Hatta plant contributes to the Dubai Clean Energy Strategy 2050 and the Dubai Net-Zero Carbon Emissions Strategy 2050, which target 100% clean energy generation by mid-century.
Using a closed-loop system, the plant generates electricity by releasing water stored in the upper dam through a 1.2 km tunnel to spin turbines, achieving a turnaround efficiency of nearly 79%.
Power can be dispatched to DEWA’s grid in less than 90 seconds when demand peaks. During low-demand periods, solar power from the Mohammed bin Rashid Al Maktoum Solar Park will be used to pump water back to the upper reservoir.
Also read: Dubai invests US$2bn on expanding electricity transmission network

The company’s portfolio spans automotive V-belts, multi-rib belts, and timing belts. (Image source: Universal Rubber)
Universal Rubber Belts Manufacturing has inaugurated its new high-specification facility in Dubai, creating a regional source of precision-engineered rubber belts for automotive and industrial applications across the GCC.
The plant is positioned to strengthen supply chain resilience by reducing dependence on imported transmission components while offering shorter lead times, consistent quality, and tailored engineering solutions.
“Universal Rubber Belt Manufacturing is addressing a long-standing gap in the regional market: the need for reliable, locally manufactured rubber belts that meet global technical standards,” said Mahyar Razaghi, CEO at Universal Rubber Belt Manufacturing. “Our production is tailored to serve both automotive aftermarket distributors and industrial OEMs with durable, high-performance solutions.”
key features
The company’s portfolio spans automotive V-belts, multi-rib belts, and timing belts for passenger and commercial vehicles, as well as industrial belts used in pumps, compressors, and HVAC systems. It also offers specialised options such as high-temperature, oil-resistant, and anti-static belts, alongside custom engineering and private-label manufacturing for partners in the region.
Belts are produced using advanced compounding, precision moulding, and stringent quality control, and comply with ISO, SAE, and DIN standards. The factory is designed to accommodate both high-volume production runs and smaller, specialised batches, depending on client needs.
From its base in Dubai, the company benefits from strong logistics links that enable fast delivery to customers in the UAE, Saudi Arabia, Oman, Qatar, Kuwait, and Bahrain. It also supports long-term supply agreements and export requirements.
Universal Rubber Belts Manufacturing, headquartered in Dubai, focuses on the design and manufacture of technical rubber belts for both automotive and industrial use. By combining high-quality production with efficient regional distribution, the company aims to provide Gulf clients with consistent supply, quick turnaround, and precise technical performance.
Also read: Smart manufacturing hub launched in Ras Al Khaimah
UAE-based SolitAir, the country’s dedicated cargo airline, has announced the launch of a scheduled service connecting Dubai World Central (DWC) with Kuwait International Airport (KWI).
The move marks a strategic step in strengthening the carrier’s presence in the Gulf and enhancing its role as a logistics partner for freight forwarders, integrator airlines, and e-commerce platforms across the Middle East and wider Global South.
The new service will cater to Kuwait’s growing demand for fast, reliable cargo transport. SolitAir already carries a diverse range of shipments into and out of the country, including perishables, electronics, courier packages, dangerous goods, and general freight.
The expansion underlines the airline’s ability to handle complex and sensitive cargo with efficiency while maintaining high safety and service standards.
To support the Kuwait operations, SolitAir has appointed Al Hayat International for Air Shipping as its General Sales Agent (GSA). With its local market knowledge and proven air freight expertise, Al Hayat will strengthen the airline’s customer reach and service delivery in the country.
MENA growth
The route is the latest addition to SolitAir’s expanding network, which now covers 26 destinations across the Global South, from the GCC to Africa, Asia and Central Asia.
The airline, which recently secured its Air Operator Certificate (AOC) from the UAE’s General Civil Aviation Authority, currently operates five Boeing 737-800 BCF freighters. It has ambitious growth plans, aiming to increase its fleet to as many as 20 aircraft by 2027.
Operating from its 220,000 sq ft logistics hub at DWC, SolitAir is investing heavily in regional connectivity. Its freighters are equipped to carry a wide variety of specialised shipments, including temperature-sensitive pharmaceuticals, hazardous materials and e-commerce goods, ensuring secure, reliable, and timely deliveries.
The Kuwait service represents another milestone in the airline’s mission to link high-yield trade lanes across the Global South, consolidating its position as a trusted partner in the region’s fast-growing logistics sector.
Talal Al Jeri, CEO of Al Jeri Holdings and Owner of Al Hayat International for Air Shipping, the GSA for SolitAir in Kuwait, said, “We are delighted to partner with SolitAir. Their commitment to speed, reliability and specialised cargo solutions aligns perfectly with the needs of the Kuwaiti market. This partnership will create new opportunities for Kuwaiti businesses to transport goods quickly and efficiently.”
Hamdi Osman, founder & CEO of SolitAir, said, “The launch of our scheduled service to Kuwait comes at a pivotal time, as the ambitious Air Cargo City project at Kuwait International Airport receives the green light to move forward. This initiative is poised to establish Kuwait as a leading logistics hub in the Middle East and North Africa. With cutting-edge facilities and a strategic focus on sustainable growth, this project aligns perfectly with SolitAir’s mission to provide reliable and efficient cargo solutions. With our expanded fleet and the appointment of a strong GSA partner in Al Hayat International, we are committed to supporting Kuwaiti businesses in seizing new opportunities and driving regional trade forward.”
Also read: Air taxis to take-off in Saudi skies?
Dr. Steve Griffiths, professor and vice chancellor for research at American University of Sharjah (AUS), is at the forefront of research into cutting-edge carbon capture technologies that could help transform the Middle East’s carbon-intensive industries. Speaking to Technical Review Middle East, he discussed the findings of a recent study, co-authored by AUS and Heriot-Watt University, which explores innovations ranging from advanced amine blends to electroswing systems, metal-organic frameworks, and their integration into the region’s sustainability agenda.
Carbon capture is widely recognised as a cornerstone in achieving net-zero goals, particularly in sectors such as oil and gas or cement, where emissions are difficult to eliminate. According to Dr. Griffiths, chemical absorption using blended amine solutions represents the most immediately viable option for the region’s carbon-intensive (or “hard-to-decarbonise”) sectors.
Dr. Steve Griffiths, professor and vice chancellor for research at American University of Sharjah
“According to our paper, these are the most established CC technology, with MEA/MDEA blends achieving over 30% reduction in regeneration energy compared to single solvents,” he said. These systems have already seen proven industrial deployment, with facilities like Boundary Dam serving as examples. The oil and gas industry’s existing experience with gas processing technologies, he explained, makes adoption more feasible.
For cement production, the potential is equally promising. “Amino acid salts have been successfully tested at the Siemens Meri-Pori CCS project in Finland and so further options are in the pipeline,” he added.
Reducing energy consumption
Electroswing technologies, while promising, particularly due to their ability to operate at ambient temperatures of 25-40°C, remain unproven at commercial scale.
One of the most compelling aspects of these innovations is their ability to reduce the energy demands of carbon capture, which has historically been a major barrier to adoption. “Our paper confirms that advanced solvent blending reduces energy consumption by over 30%,” Dr. Griffiths said.
Traditional monoethanolamine (MEA) systems, he explained, require 0.9-1.2 MWh per ton of CO2 for regeneration, accounting for 70-80% of operating expenses.
Annual CO2 capture capacity vs CO2 storage capacity, current and planned, 2022-2030. (Image source: IEA)
By blending MDEA with MEA and using phase-split solvents, these requirements are significantly reduced. “Electrochemical regeneration enables operation at 40-80°C compared to typical MEA regeneration at 125°C, reducing both energy requirements and amine degradation,” he noted.
From a cost perspective, the study’s findings suggest encouraging possibilities.
“Our paper’s Figure 1 shows capture costs ranging from US$50-175 per ton CO2 depending on the source and technology, with natural gas processing at the lower end and cement/power sectors at the higher end,” Dr. Griffiths said.
Another area drawing increasing attention is the use of metal-organic frameworks (MOFs), which offer high efficiency in selectively capturing CO2. While still under development, progress is accelerating. “Metal-organic frameworks are advancing toward industrial deployment with pilot tests currently underway,” he said. MOF-74 variants are being tested at General Electric Gas Power and Drax Power Station through companies like Svante and Promethean Particles.
However, Dr. Griffiths stressed that certain performance benchmarks must still be met. “As we discuss in the paper, MOFs need to achieve 90% CO2 recovery with 95% purity and energy consumption of 3 GJ per ton (approximately) to be competitive with existing technologies. Note, these are performance targets, not yet demonstrated achievements,” he said.
Improvements in water tolerance and cycle stability have been significant, but the commercialisation timeline remains uncertain.
Aiding UAE industries
When it comes to regional integration, Dr. Griffiths believes these technologies have a natural fit with the UAE’s sustainability ambitions, mainly in areas like clean hydrogen production, industrial decarbonisation, and emerging carbon markets.
“We identify in the paper several applications relevant to the UAE and region,” he said. “Steam methane reforming for hydrogen production, which requires carbon capture to reduce emissions, is highlighted as achieving 96-99% CO2 concentration in exhaust streams, making capture highly efficient. We note that electroswing technologies benefit from curtailed renewable electricity cost, which aligns with the UAE’s great solar potential.”
Enhanced oil recovery remains an established use for captured CO2, but the focus, he emphasised, is shifting. “Carbon capture technologies are central to the sustainability and economic plans of the UAE and the broader GCC,” he said. “The focus is shifting from using CO2 for enhanced oil recovery to enabling large-scale industrial decarbonisation and the production of low-carbon fuels.”
The scale of ambition is significant. “For instance, in the UAE ADNOC targets 10 MtCO2/yr of capture capacity by 2030, Saudi Arabia is aiming for 44 MtCO2/yr by 2035 and Qatar targets 11 MtCO2/yr by 2035,” he noted. These targets are partly driven by the ambition to export low-carbon hydrogen and ammonia to key markets in Europe such as Germany, and Asia.
“By coupling carbon capture with significant natural gas resources, the region can secure its long-term role as a major energy provider while pursuing net-zero goals,” Dr. Griffiths concluded.

Over the past few years, EMSTEEL has rolled out more than 30 AI-powered solutions. (Image source: EMSTEEL)
As the UAE’s largest steel and building materials manufacturer, EMSTEEL is making waves in the global industrial sector by weaving artificial intelligence, advanced connectivity, and blockchain into the very fabric of its operations. In an exclusive interview with Technical Review Middle East, Vladimir Arshinov, group chief technology officer at EMSTEEL, shared how the company’s transformative technology strategy is setting new benchmarks for efficiency, safety, and sustainability.
Arshinov emphasised that the company is “pushing the boundaries of technological parameters to enhance operations beyond manufacturing, including commercial, customer experience, health and safety, sustainability, data utility, research and development and other areas.”
AI for industrial transformation
Over the past few years, EMSTEEL has rolled out more than 30 AI-powered solutions. Among these, the company’s flagship innovation is the world’s first AI-led Green Steel Monitoring & Certification System, a cloud-based platform that calculates emissions at the heat level, ensures blockchain-enabled traceability, and offers a digital wallet for carbon credits. This system also monitors decarbonisation initiatives such as carbon capture, utilisation and storage (CCUS) and renewable energy integration in real time, enabling the company to offer steel products with reduced carbon emissions.
Vladimir Arshinov, group chief technology officer for EMSTEEL
Beyond sustainability, EMSTEEL is applying AI to optimise energy-intensive industrial processes. Predictive AI tools now manage operations in electric arc furnaces, direct reduction plants, and rolling mills, optimising parameters to boost both environmental and financial performance. “The rapid adoption by our teams reinforces our confidence in this strategic direction,” said Arshinov.
Safety is another area where AI is delivering impact. EMSTEEL has introduced an AI-driven computer vision system that uses safety cameras to detect missing personal protective equipment (PPE) and unsafe behaviour on factory floors, significantly raising its health, safety, and environmental standards.
5G connectivity for real-time decision-making
EMSTEEL has also pioneered one of the UAE’s first private 5G networks built for Industry 4.0. This dedicated infrastructure connects smart devices like sensors, drones, barcode scanners, and AI-enabled safety cameras to a centralised data centre for instantaneous data exchange.
“This hybrid connectivity enables seamless real-time data transmission and system integration, empowering EMSTEEL with rapid decision-making capabilities, advanced analytics, and continuous operational monitoring,” Arshinov explained. By enabling predictive maintenance and reducing downtime, the 5G network enhances both efficiency and safety.
On the safety front, the network’s high-speed, secure channels connect smart helmets and AI safety cameras to provide live monitoring of working conditions. The system can detect hazards in real time, sending immediate alerts to safety managers for faster intervention. “We are creating a safer, smarter, and more efficient manufacturing environment,” said Arshinov.
The AI-led Green Steel Certification System is underpinned by blockchain, which ensures emissions data is transparent, traceable, and immutable. By recording energy usage, raw material inputs, and production process metrics at the heat level, EMSTEEL can provide a verified account of a product’s carbon footprint from production to delivery.
“Blockchain’s core function is to create an unchangeable record of transactions, ensuring that emissions data cannot be tampered with,” Arshinov noted.
Overcoming the challenges of scaling advanced tech
Rolling out these innovations at scale was not without hurdles. “One of the primary hurdles was data readiness,” Arshinov admitted. Historical data was often fragmented, unstructured, or siloed across departments. To solve this, EMSTEEL launched a company-wide data governance initiative to standardise formats, clean legacy data, and build centralised data lakes.
Another challenge was cultural. “While we’re experts in steel manufacturing, AI introduced a whole new way of doing things,” he said. To bridge the gap, EMSTEEL partnered with institutions such as Khalifa University, Mohamed bin Zayed University of Artificial Intelligence, and the Jožef Stefan Institute in Slovenia to deliver hands-on training, fostering trust and accelerating adoption.
Robotics, drones and smart factories
Looking to the future, EMSTEEL’s “Sprint AI Program” will accelerate AI adoption and data-driven transformation, identifying high-impact use cases and driving a full data platform overhaul.
Strategic partnerships will play a key role. A memorandum of understanding with e& UAE will explore robotics, AI, and “Drones as a Service” (DaaS) to enhance automation, remote monitoring, and industrial safety. Meanwhile, collaboration with Micropolis Robotics will bring autonomous mobile robots (AMRs) equipped with AI-powered visual recognition systems to scrap yard operations, improving safety and precision.
Additionally, EMSTEEL’s work with the Jožef Stefan Institute will apply AI and machine learning to predictive maintenance, quality control, and smart supply chain management, supporting its vision of becoming a fully-fledged smart manufacturing leader.
Syria has signed a memorandum of understanding with a Qatar-led consortium to redevelop and expand Damascus International Airport.
Valued at more than US$4bn, the agreement marks one of the largest foreign investments in Syria’s infrastructure in decades.
The five-company consortium is headed by Qatar’s UCC Holding and includes Assets Investments USA LLC (United States), as well as Turkish firms Cengiz İnşaat, Kalyon İnşaat, and TAV Tepe Akfen.
The partners will carry out the airport project under a build-operate-transfer model over five phases, ultimately targeting an annual capacity of 31 million passengers.
The signing ceremony was held in Damascus in the presence of Mr. Tom Barrack, the U.S. Special Envoy to Syria, Qatari Embassy officials, senior government representatives, and other diplomats.
The project aims to enhance Syria'a global connectivity and revitalise the nation’s economy, trade, and tourism sectors, according to UCC.
FDIs
Construction will proceed in stages, with capacity to reach 6 million passengers in the first year and 16 million by the second phase, ultimately scaling to 31 million passengers annually.
The new facility will meet international aviation standards (ICAO and IATA), and include up to 32 gates with modern boarding bridges, a fully integrated air navigation system, and a high-end duty-free area with international retail and dining brands.
In addition to the airport itself, the project will include upgrading the 50 km road link to the site and a US$250mn investment in 10 new Airbus A320 aircraft for Syrian Airlines, aimed at revitalising the national carrier’s fleet and competitiveness.
Consortium partners bring extensive global experience in airport development and operations, having contributed to major projects such as Istanbul New Airport, Cairo International Airport Terminal 3 expansion, and airports across Turkey, Saudi Arabia, Georgia, Tunisia, North Macedonia, and beyond.
The project is expected to generate over 90,000 direct and indirect jobs, stimulating economic growth across multiple sectors and positioning Syria as a strategic aviation hub in the Middle East.
Mohammad Moutaz Al-Khayyat, chairman of UCC Holding, said, “At UCC Holding, we believe that the success of projects of this magnitude requires the integration of global expertise with a deep understanding of local market needs—a principle we aim to apply in every stage of implementation.”
Ramez Al-Khayyat, president and group CEO of UCC Holding, said, “This project is not just about redeveloping Damascus International Airport; it is a strategic bridge carrying Syria toward a future of recovery and prosperity. We are investing in a sustainable development vision that enhances trade and tourism, connects Syria to the world at the highest standards, and stimulates economic growth and investment across all sectors. Leveraging Syria’s strategic location and our extensive local and regional partnerships, Damascus International Airport will become a model for advanced, smart transportation projects in the region.”
Sani Şener, chairman of TAV, said, “We view this project as a strategic investment opportunity that goes beyond infrastructure development. It is a gateway to revitalising the Syrian economy and reintegrating it into regional and global trade and investment flows. We bring to this investment our accumulated expertise in developing and operating major transportation projects to deliver a world-class airport that enhances the efficiency of the aviation sector, boosts the attractiveness of the Syrian market to global capital, and paves the way for a new era of growth and stability.”

The new incentives focus on reducing financial barriers during the critical early stages of project development
Hydrom, the authority driving Oman’s national Green Hydrogen Strategy, has announced a fresh set of fiscal incentives aimed at enhancing the commercial viability of projects participating in the country’s third green hydrogen auction round.
The measures reflect feedback from a market sounding exercise earlier this year and respond to evolving global hydrogen market trends, reinforcing Oman’s reputation as one of the world’s most structured and investment-ready hydrogen ecosystems.
Supportive fiscal framework for early-stage projects
The new incentives focus on reducing financial barriers during the critical early stages of project development. Developers will benefit from a 90% reduction in land lease fees during the development stage, with the possibility of further reductions during the Front-End Engineering Design (FEED) phase.
In addition, base royalties will be significantly lowered during the first years of production, and corporate tax exemptions of up to 10 years will be available.
These measures are designed to improve project economics, increase internal rates of return, and accelerate progress toward final investment decisions.
Flexible and scalable auction structure
Oman’s third green hydrogen auction round offers a land block of up to 300 sq km in Duqm, with minimum project sizes set at 100 sq km.
Bidders have the flexibility to define the footprint of their projects within the block, allowing them to tailor development plans to match individual strategies and market needs. This approach ensures both transparency and scalability, attracting a wide range of potential investors and developers.
Strong market interest
The auction has already drawn significant attention, with nearly 100 registrations from leading industry players and consortia spanning the green hydrogen value chain. This robust response underlines the growing interest in structured, policy-backed green hydrogen investment opportunities.
Round 3 continues to attract first movers and institutional investors eager to establish or expand their presence in a competitive and well-regulated market.
Encouraging participation and consortium building
The Statement of Qualification (SoQ) submission window remains open until 31 October 2025. Hydrom encourages all interested participants to register and submit their documents through the dedicated online platform.
To support the creation of strong project consortia, Hydrom will also release an updated consortium matchmaking list, a tool that has successfully connected qualified participants with strategic partners in previous rounds.
By combining a supportive fiscal framework, flexible auction design, and tools to facilitate collaboration, Hydrom is setting the stage for accelerated growth of Oman’s green hydrogen sector while attracting global investment.
A senior delegation from TAQA Water Solutions has completed a technical tour of Denmark organised by the Water Efficiency Middle East Alliance (WEMA) and supported by the Danish Trade Council, aiming to advance knowledge sharing around sustainable water infrastructure.
Held at a time of heightened focus on water security across the GCC, the visit connected Emirati and Danish water sector leaders to exchange proven strategies for wastewater reuse, energy optimisation, and circular economy practices. The tour aligned with key regional frameworks, including the UAE Water Security Strategy 2036, Net Zero 2050, and Saudi Vision 2030.
With Denmark widely recognised as a pioneer in sustainable utilities, TAQA representatives were given access to in-depth case studies and operational insights that hold strong relevance for Middle Eastern utilities working to meet rising demand with lower environmental impact.
Throughout the visit, TAQA executives engaged directly with Danish utilities, technology companies, and research institutions. Roundtable discussions and site visits were hosted by WEMA member companies such as Grundfos, Danfoss, DHI, NIRAS, Aquaterra, AVK, Watopi, and Aarhus Vand.
Focus areas included sludge and odour management, advanced wastewater reuse, energy-efficient pumping systems, stormwater resilience, and smart digital platforms to improve asset performance.
A highlight of the programme was a dedicated knowledge session with BIOFOS, Denmark’s largest wastewater utility, and Aarhus Water Utility, which is at the forefront of customer-centric water services and climate-adaptive infrastructure.
Groundwork for collaboration
The visit identified clear pathways for deeper technical cooperation, including feasibility assessments for Danish technologies in the GCC and potential pilot projects that demonstrate real-world impact.
TAQA Water Solutions outlined key priorities such as enhancing operational energy efficiency, solving infiltration challenges, and managing complex large-scale pumping requirements, areas where Danish innovation can play a significant role.
As WEMA continues to bridge connections between the Gulf and global water leaders, the mission underlined how structured knowledge exchange can unlock scalable solutions for more resilient, efficient, and future-ready water networks in the region.
“This delegation was more than a visit, it was a strategic exchange of ideas, technology, and shared ambition,” said Astrid SC Nielsen, the Danish Trade Council, Dubai. “TAQA Water Solutions’ commitment to innovation, coupled with Denmark’s decades of water expertise, are the seeds for impactful, long-term collaboration.”
“At TAQA Water Solutions, we have experienced firsthand how innovation profoundly drives comprehensive sustainability. It extends far beyond merely securing vital water and energy systems; it is the fundamental cornerstone reinforcing a resilient circular economy. This strategic imperative ensures that every precious drop is meticulously collected, expertly treated, and purposefully reused, thereby setting new benchmarks for responsible resource management and ensuring a water-secure future,” said Eng. Ahmed Al Shamsi, CEO of TAQA Water Solutions.
He added, “As part of TAQA Group's commitment to providing energy and water to communities worldwide, TAQA Water Solutions drives sustainable development and secures global water resources through strategic investments and collaborative partnerships in markets of growth. This visit exemplifies this mission, evolving beyond a technical exchange, profoundly deepening our shared commitment to advancing sustainable water solutions globally. We are grateful for the generous knowledge-sharing and the invaluable opportunity to learn from a community that has seamlessly integrated sustainability into its daily life, underscoring our belief that innovation truly thrives through reciprocal collaboration.”
Also read: How does the UAE support island nations' water security?
Syria has signed a memorandum of understanding with a Qatar-led consortium to redevelop and expand Damascus International Airport.
Valued at more than US$4bn, the agreement marks one of the largest foreign investments in Syria’s infrastructure in decades.
The five-company consortium is headed by Qatar’s UCC Holding and includes Assets Investments USA LLC (United States), as well as Turkish firms Cengiz İnşaat, Kalyon İnşaat, and TAV Tepe Akfen.
The partners will carry out the airport project under a build-operate-transfer model over five phases, ultimately targeting an annual capacity of 31 million passengers.
The signing ceremony was held in Damascus in the presence of Mr. Tom Barrack, the U.S. Special Envoy to Syria, Qatari Embassy officials, senior government representatives, and other diplomats.
The project aims to enhance Syria'a global connectivity and revitalise the nation’s economy, trade, and tourism sectors, according to UCC.
FDIs
Construction will proceed in stages, with capacity to reach 6 million passengers in the first year and 16 million by the second phase, ultimately scaling to 31 million passengers annually.
The new facility will meet international aviation standards (ICAO and IATA), and include up to 32 gates with modern boarding bridges, a fully integrated air navigation system, and a high-end duty-free area with international retail and dining brands.
In addition to the airport itself, the project will include upgrading the 50 km road link to the site and a US$250mn investment in 10 new Airbus A320 aircraft for Syrian Airlines, aimed at revitalising the national carrier’s fleet and competitiveness.
Consortium partners bring extensive global experience in airport development and operations, having contributed to major projects such as Istanbul New Airport, Cairo International Airport Terminal 3 expansion, and airports across Turkey, Saudi Arabia, Georgia, Tunisia, North Macedonia, and beyond.
The project is expected to generate over 90,000 direct and indirect jobs, stimulating economic growth across multiple sectors and positioning Syria as a strategic aviation hub in the Middle East.
Mohammad Moutaz Al-Khayyat, chairman of UCC Holding, said, “At UCC Holding, we believe that the success of projects of this magnitude requires the integration of global expertise with a deep understanding of local market needs—a principle we aim to apply in every stage of implementation.”
Ramez Al-Khayyat, president and group CEO of UCC Holding, said, “This project is not just about redeveloping Damascus International Airport; it is a strategic bridge carrying Syria toward a future of recovery and prosperity. We are investing in a sustainable development vision that enhances trade and tourism, connects Syria to the world at the highest standards, and stimulates economic growth and investment across all sectors. Leveraging Syria’s strategic location and our extensive local and regional partnerships, Damascus International Airport will become a model for advanced, smart transportation projects in the region.”
Sani Şener, chairman of TAV, said, “We view this project as a strategic investment opportunity that goes beyond infrastructure development. It is a gateway to revitalising the Syrian economy and reintegrating it into regional and global trade and investment flows. We bring to this investment our accumulated expertise in developing and operating major transportation projects to deliver a world-class airport that enhances the efficiency of the aviation sector, boosts the attractiveness of the Syrian market to global capital, and paves the way for a new era of growth and stability.”
Alcoa Corporation has finalised the sale of its 25.1% stake in the Ma’aden joint venture to Saudi Arabian Mining Company (Ma’aden), marking a strategic exit from the integrated mining complex the two companies launched in 2009.
The transaction was completed under a binding share purchase and subscription agreement.
In exchange, Alcoa received around 86 million Ma’aden shares, valued at approximately US$1.2bn, alongside US$150mn in cash, which will primarily be used to cover taxes and transaction costs.
The company expects to report a gain of roughly US$780mn under other income for the third quarter of 2025.
In line with past asset sales, this gain will be recorded as a special item.
Saudi mining growth
Alcoa, which is based in Pittsburgh in Pennsylvania, is a global leader in bauxite, alumina, and aluminium products. It will now hold an estimated 2% of Ma’aden’s outstanding shares.
As stipulated in the agreement, these shares must be retained for a minimum of three years, with one-third eligible for sale after each of the third, fourth, and fifth anniversaries of the transaction’s closing.
However, under certain conditions, Alcoa is allowed to hedge or borrow against the shares during the holding period, and the lock-up may be reduced in specific scenarios.
The Ma’aden joint venture, established as a fully integrated aluminium production complex in Saudi Arabia, comprises the Ma’aden Bauxite and Alumina Company (MBAC) and the Ma’aden Aluminium Company (MAC).
Prior to the deal, Ma’aden held a 74.9% majority stake.
Citi served as Alcoa’s exclusive financial advisor for the transaction, while legal counsel was provided by White & Case LLP.
“While today marks the end of the Joint Venture, the closing of this transaction demonstrates the initial value to our shareholders and enables visibility within Alcoa’s financials until we monetize in the future,” said William F. Oplinger, Alcoa’s president and CEO.
“I thank Ma’aden’s leadership and the Kingdom of Saudi Arabia for their partnership over the last 16 years, and we look forward to continued engagement as Ma’aden shareholders.”
Also read: Power Metallic gets licensed to explore Saudi mineral belt
Ras Al Khaimah Economic Zone (RAKEZ) has signed a landmark partnership with India’s Rana Group to launch the Erisha Smart Manufacturing Hub, a transformative project aimed at advancing the region’s industrial and sustainability landscape.
The collaboration supports the Middle East and Africa expansion of Rana Group’s EV arm, Erisha E Mobility, while reinforcing its business base in India.
Spanning 15 million ft² with a construction area of roughly 25 million ft², the hub will support more than 150 industries and focus on future-forward technologies, including electric and hydrogen vehicles, renewable energy, EVTOL aircraft, and semiconductor production.
The integrated development, covering 335 acres, will blend industrial, residential, and commercial infrastructure, featuring hospitals, medical colleges, shopping centres, hypermarkets, offices, warehouses, and financial institutions.
Creating job opportunities
With an expected investment of US$10bn, the project is forecast to contribute US$5-6bn to the UAE’s GDP and create approximately 4,000 jobs in Ras Al Khaimah.
Erisha E Mobility chairman and managing director Dr Darshan Rana commented, “We are thrilled to partner with RAKEZ and bring Erisha Smart Manufacturing Hub to life. This project will be at the forefront of the green energy revolution, contributing significantly to the UAE’s net zero ambitions and creating a self-sustainable future. Our goal is to set new benchmarks in sustainable industrialisation, driving innovation while supporting the global transition to cleaner energy solutions.”
RAKEZ group CEO Ramy Jallad said, “Ras Al Khaimah continues to establish itself as a fertile base for technological innovation and sustainable development. With its robust infrastructure, strategic location, and dynamic business environment, the emirate is well-positioned to support forward-thinking initiatives like Erisha Smart Manufacturing Hub.
While this integrated Hub will drive economic diversification, it will also create thousands of new jobs, promoting long-term growth and reinforcing Ras Al Khaimah’s leadership in green energy and advanced manufacturing.”
In a press statement, the companies said, "This partnership underscores a shared commitment to driving sustainability, innovation, and economic growth. RAKEZ, with its world-class infrastructure and commitment to fostering business success, provides the ideal platform for Erisha E Mobility’s global expansion, ensuring that the Hub will be a catalyst for progress in the UAE and beyond."
Earlier this month, RAKEZ partnered with UAE-based fintech firm Peko to introduce a suite of automated services designed to simplify daily business operations. Accessible through RAKEZ’s client portal, the tools cover invoicing, payroll, utility payments, and business travel bookings, which offer small and medium businesses enhanced convenience and operational control.
Also read:
RAKEZ Growth Series wraps up 2024 with strategies for sustained success
RAKEZ oversees agreements with Chinese firms
Revolutionising industry with sustainable, advanced technology
Stonepeak, a leading alternative investment firm focused on infrastructure and real assets, has unveiled WahajPeak, its first renewable energy platform in the Middle East.
The platform aims to acquire and develop high-quality utility-scale renewable energy projects, including solar, wind, and battery storage, across the Gulf Cooperation Council (GCC) and the wider Middle East.
WahajPeak’s launch comes amid strong regional policy support for decarbonisation, energy diversification, and grid modernisation, providing a favorable environment for renewable energy growth.
Stonepeak's previous initiatives include the Asia Energy Storage Platform, Peak Energy, and Synera Renewable Energy, all focused on renewable asset development, ownership, and operation in Asia.
In North America, the firm developed Madison Energy Investments, a distributed solar platform fully realised in 2023.
The MENA portfolio
More recently, Stonepeak launched JouleTerra, a European renewables land aggregation platform, and Longview Infrastructure, a North American transmission investment platform.
Through its platforms and investments, Stonepeak currently manages 10.4 GW of renewable energy capacity across wind, solar, and battery storage projects that are operational, under construction, or in development.
WahajPeak marks the firm’s first dedicated renewable initiative in the Middle East, reinforcing Stonepeak’s commitment to driving the region’s clean energy transition while leveraging its global experience in renewable infrastructure development.
Mothana Qteishat, who will lead the platform, said, “Governments across the Middle East and North Africa are targeting the deployment of approximately 175 GW of renewable energy capacity by 2030, creating a rapidly growing need for reliable, utility-scale infrastructure. With the WahajPeak team’s strong execution track record and Stonepeak’s deep experience in renewable energy investment and platform building, we are well-positioned to meet this demand. We’ve designed WahajPeak to scale and adapt over time, in step with the region’s evolving energy landscape, and we are excited to work closely with our stakeholders to seize the significant opportunities ahead.”
Hajir Naghdy, senior managing director and head of Asia and the Middle East at Stonepeak, said, “Stonepeak has solidified its presence in the Middle East through dedicated boots on the ground in Riyadh and Abu Dhabi, and our previously announced partnership with The Arab Energy Fund. With the establishment of WahajPeak, we are furthering our commitment to the region. We look forward to leveraging our local presence and significant experience building and scaling pan-regional platforms as we work with Mothana and team to grow WahajPeak.”
Ryan Chua, senior managing director at Stonepeak, added, “WahajPeak is a great example of Stonepeak’s approach to platform creation—combining exceptional talent with long-term capital, and our sector capabilities and network, to deliver essential infrastructure—making it a natural fit for our global renewables strategy. We have the utmost confidence in Mothana and the WahajPeak team, whose extensive experience and expertise in the region will be invaluable as we look to support the region’s energy transformation.”
Also read: Oman introduces new incentives to boost green hydrogen projects

KROHNE will showcase its latest innovations for the water and wastewater sector. (Image source: KROHNE)
KROHNE, a global leader in precision instrumentation and measurement solutions, will showcase its latest innovations for the water and wastewater sector at the Global Water Expo 2025, taking place from 2-4 September 2025 at the Riyadh Front Exhibition & Conference Centre.
Exhibiting within the Germany Pavilion, the company will present advanced flow, level, pressure, and analytical instrumentation designed to enhance efficiency and resilience in Saudi Arabia’s water infrastructure.
“KROHNE’s participation in Global Water Expo 2025 affirms our commitment to supporting Saudi Arabia’s bold vision for sustainable water infrastructure,” said Jay Gadhavi, general manager, KROHNE Middle East. “We bring decades of expertise in precision measurement, allied with a determination to co-create resilient, energy-efficient solutions that align with the Kingdom’s Vision 2030 goals of innovation, environmental stewardship, and infrastructure modernisation.”
Key features
Among the highlights will be the Modular Water Analysis Panel, a flexible multi-parameter system for measuring dissolved oxygen, turbidity, conductivity, pH, and ORP; the Water-Industry Planning Tool, an online platform for configuring devices and generating tender specifications; and a web-based flow tracking service for monitoring non-revenue water, detecting leaks, and identifying usage patterns.
Other featured solutions include the FOCUS-1 Smart Meter Valve, which combines multiple measurement and control functions into a single device; the TIDALFLUX 2300 Electromagnetic Flowmeter for accurate readings in partially filled pipes; and the WATERFLUX 3070 District Metering Solution, designed for potable water and custody transfer applications with integrated leak detection.
Reflecting its commitment to sustainable water management, KROHNE will demonstrate how these solutions can improve energy efficiency, support regulatory compliance, and strengthen long-term infrastructure performance. Visitors can engage with both regional and international experts at the Germany Pavilion to explore how these technologies can help shape the Kingdom’s future water ecosystem.
Also read: Water diplomacy: how UAE supports island nations' water security
The new High Performance Circle (HPC) design for Cat 140 JOY, 150 JOY and 160 JOY motor graders is increasing efficiency and uptime availability
It is also driving overall machine performance compared to the previous Cat motor grader series in earthmoving and road building applications.
The new HPC design available for Cat 140 JOY, 150 JOY and 160 JOY motor graders helps to eliminate hours of monthly planned maintenance for frequent inspection, wear strip replacement and circle shoe adjustments associated with conventional circle designs, according to Pablo dos Santos, global product application specialist for motor graders at Caterpillar.
“Our new HPC provides more hours-of-service life, to significantly reduce planned maintenance,” said dos Santos.
Adopted from the Cat excavator swing drive and 14 motor grader worm drive, the HPC features a fully sealed bearing design.
It replaces the previous open circle and drawbar, reducing operator touchpoints, extending service intervals and improving machine uptime.
Additionally, the HPC provides smooth, effortless blade rotation and assists in meeting jobsite and road design elevation tolerance.
It is designed for reduced maintenance and improved safety, added dos Santos.
Better adjustments
“Caterpillar’s industry-leading machining capabilities, designed to tight tolerances, help ensure high-precision alignment of the drawbar, drives and circle, so it requires no adjustments for the life of the grader.”
The new HPC maintains the same machine connection interface as the standard drawbar/circle/moldboard.
An innovative pinion gear shape with a large shaft diameter delivers durable operation and allows the drive to be removed vertically without drive adjustments.
Dowel locators precisely position motors for simplified servicing, optimal tooth contact and long pinion life. Its new design improves component reliability to reduce downtime and maintenance costs.
The new design significantly increases wear life between the circle and drawbar, and it reduces the likelihood of excessive clearance between the circle and drawbar surface.
Its centrally located grease bank offers quick and easy servicing, while the easily accessible ring gear provides quicker inspection and maintenance.
Beyond lowering total cost of ownership, less required circle maintenance reduces component handling to properly maintain the machine, which improves safety for service technicians. If the circle teeth have reached their wear limit, they can be rotated 180 degrees to double the component’s service life.
Also read: Caterpillar highlights key features for its newest Cat 980 GC wheel loader
One year after commissioning the world’s largest lithium ore sorting facility, Pilbara Minerals is reaping substantial rewards from TOMRA Mining’s advanced sensor-based sorting technology at its Pilgangoora Operation in Western Australia.
The technology has helped deliver the strongest quarterly production figures of FY25, significantly lowered operating costs, and improved overall resource utilisation.
The June Quarter FY25 results underline this transformation. Pilbara Minerals reported a 77% increase in production volumes and a 10% reduction in unit operating costs (FOB) compared with the previous quarter.
These impressive gains are attributed to the ramp-up of the P1000 expansion and the seamless integration of TOMRA Mining’s high-precision sorting systems. By unlocking value from ore that was previously uneconomical to process, the operation is improving both profitability and sustainability.
Commissioned in August 2024 as part of the P680 Expansion Project, the state-of-the-art crushing and sorting plant boasts a capacity exceeding 1,000 tonnes per hour, making it the largest lithium ore sorting facility in the world. At the heart of its success is TOMRA Mining’s sensor-based technology, which enables early waste rejection during processing.
This approach not only enhances lithium recovery rates and final product quality but also reduces energy usage and minimises environmental impact.
The facility addresses one of the core challenges in lithium mining—efficiently managing spodumene ore embedded within barren host rock. It operates with 10 high-precision TOMRA sorters, each tailored to specific particle sizes: four TOMRA COM Tertiary XRT units for fine material, three TOMRA COM XRT 2.0 units for mid-sized particles, and three TOMRA PRO Primary Color sorters for coarse material.
This targeted sorting removes waste material at an early stage, which streamlines downstream processing, cuts annual energy consumption by an estimated 8–15 GWh, and ensures a consistently high-quality lithium product.
The project’s delivery was the result of years of collaboration between TOMRA Mining, Pilbara Minerals, and engineering partner DRA Global. Extensive test work at TOMRA’s Sydney Test Center confirmed the technology’s ability to maintain high lithium recovery and effective waste separation across varying ore types. The facility was completed on time and on budget, demonstrating the strength of the partnership and the operational readiness of the technology.
From a strategic perspective, the sorting facility supports Pilbara Minerals’ long-term objectives of cost optimisation and sustainable growth. It expands the Pilgangoora Operation’s production capacity while establishing the foundation for further growth through the P2000 project, for which feasibility studies are already underway.
With the P1000 expansion fully operational and the next phase of growth in motion, the Pilgangoora Operation stands as a benchmark for innovation in the lithium mining sector.

The company’s portfolio spans automotive V-belts, multi-rib belts, and timing belts. (Image source: Universal Rubber)
Universal Rubber Belts Manufacturing has inaugurated its new high-specification facility in Dubai, creating a regional source of precision-engineered rubber belts for automotive and industrial applications across the GCC.
The plant is positioned to strengthen supply chain resilience by reducing dependence on imported transmission components while offering shorter lead times, consistent quality, and tailored engineering solutions.
“Universal Rubber Belt Manufacturing is addressing a long-standing gap in the regional market: the need for reliable, locally manufactured rubber belts that meet global technical standards,” said Mahyar Razaghi, CEO at Universal Rubber Belt Manufacturing. “Our production is tailored to serve both automotive aftermarket distributors and industrial OEMs with durable, high-performance solutions.”
key features
The company’s portfolio spans automotive V-belts, multi-rib belts, and timing belts for passenger and commercial vehicles, as well as industrial belts used in pumps, compressors, and HVAC systems. It also offers specialised options such as high-temperature, oil-resistant, and anti-static belts, alongside custom engineering and private-label manufacturing for partners in the region.
Belts are produced using advanced compounding, precision moulding, and stringent quality control, and comply with ISO, SAE, and DIN standards. The factory is designed to accommodate both high-volume production runs and smaller, specialised batches, depending on client needs.
From its base in Dubai, the company benefits from strong logistics links that enable fast delivery to customers in the UAE, Saudi Arabia, Oman, Qatar, Kuwait, and Bahrain. It also supports long-term supply agreements and export requirements.
Universal Rubber Belts Manufacturing, headquartered in Dubai, focuses on the design and manufacture of technical rubber belts for both automotive and industrial use. By combining high-quality production with efficient regional distribution, the company aims to provide Gulf clients with consistent supply, quick turnaround, and precise technical performance.
Also read: Smart manufacturing hub launched in Ras Al Khaimah
UAE-based SolitAir, the country’s dedicated cargo airline, has announced the launch of a scheduled service connecting Dubai World Central (DWC) with Kuwait International Airport (KWI).
The move marks a strategic step in strengthening the carrier’s presence in the Gulf and enhancing its role as a logistics partner for freight forwarders, integrator airlines, and e-commerce platforms across the Middle East and wider Global South.
The new service will cater to Kuwait’s growing demand for fast, reliable cargo transport. SolitAir already carries a diverse range of shipments into and out of the country, including perishables, electronics, courier packages, dangerous goods, and general freight.
The expansion underlines the airline’s ability to handle complex and sensitive cargo with efficiency while maintaining high safety and service standards.
To support the Kuwait operations, SolitAir has appointed Al Hayat International for Air Shipping as its General Sales Agent (GSA). With its local market knowledge and proven air freight expertise, Al Hayat will strengthen the airline’s customer reach and service delivery in the country.
MENA growth
The route is the latest addition to SolitAir’s expanding network, which now covers 26 destinations across the Global South, from the GCC to Africa, Asia and Central Asia.
The airline, which recently secured its Air Operator Certificate (AOC) from the UAE’s General Civil Aviation Authority, currently operates five Boeing 737-800 BCF freighters. It has ambitious growth plans, aiming to increase its fleet to as many as 20 aircraft by 2027.
Operating from its 220,000 sq ft logistics hub at DWC, SolitAir is investing heavily in regional connectivity. Its freighters are equipped to carry a wide variety of specialised shipments, including temperature-sensitive pharmaceuticals, hazardous materials and e-commerce goods, ensuring secure, reliable, and timely deliveries.
The Kuwait service represents another milestone in the airline’s mission to link high-yield trade lanes across the Global South, consolidating its position as a trusted partner in the region’s fast-growing logistics sector.
Talal Al Jeri, CEO of Al Jeri Holdings and Owner of Al Hayat International for Air Shipping, the GSA for SolitAir in Kuwait, said, “We are delighted to partner with SolitAir. Their commitment to speed, reliability and specialised cargo solutions aligns perfectly with the needs of the Kuwaiti market. This partnership will create new opportunities for Kuwaiti businesses to transport goods quickly and efficiently.”
Hamdi Osman, founder & CEO of SolitAir, said, “The launch of our scheduled service to Kuwait comes at a pivotal time, as the ambitious Air Cargo City project at Kuwait International Airport receives the green light to move forward. This initiative is poised to establish Kuwait as a leading logistics hub in the Middle East and North Africa. With cutting-edge facilities and a strategic focus on sustainable growth, this project aligns perfectly with SolitAir’s mission to provide reliable and efficient cargo solutions. With our expanded fleet and the appointment of a strong GSA partner in Al Hayat International, we are committed to supporting Kuwaiti businesses in seizing new opportunities and driving regional trade forward.”
Also read: Air taxis to take-off in Saudi skies?
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