Saudi lab teams up with UL to target renewables

Updated 12 October 2017
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Saudi lab teams up with UL to target renewables

LONDON: US-based safety analysis firm UL has joined forces with Saudi Arabia's GCC Lab to boost the region’s renewable energy market.
The joint venture will pool resources and update certification requirements as the firms expand further into the green energy sector.
The venture will focus on services related to renewables — such as pre-commissioning tests, construction monitoring services and product testing of solar PV modules, including accessories that comply with benchmark standards.
Historically, private company UL — which has operations around the world — has drafted safety standards for electrical devices and components.
UL’s regional base operates out of offices in Dubai and its new state-of-the-art lab facility in Abu Dhabi. The joint venture will operate as a UL and GCC Lab Company and will be based in Dammam, to cater to customers throughout the Middle East, including Egypt.
A joint announcement said the partnership would capitalize on UL’s reputation as the leading safety science company in the region and on the GCC’s strength and mandate as part of the Kingdom’s Vision 2030 to diversify its economy.
Hamid Syed, vice president and GM, UL Middle East, said: “We are delighted to be able to be part of aggressive renewable targets by offering a complete range of services via the new joint venture company and excited about developing new relationships through the extended client base.”


China, UAE strike 13 landmark deals

Updated 3 min 4 sec ago
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China, UAE strike 13 landmark deals

  • Among the projects agreed in the memorandums of understanding are building embassies and cultural centers
  • China also won approval for the first Chinese state-owned financial services firm to be opened in Abu Dhabi’s AGDM financial center

LONDON: The UAE and China have signed 13 wide-ranging agreements to advance trade and commercial ties between the two countries.

Among the projects agreed in the memorandums of understanding are building embassies and cultural centers, increasing cooperation in the energy, agriculture and e-commerce sectors, building a wholesale market for livestock, fisheries and farm produce and investing in the world’s largest solar energy project.

China also won approval for the first Chinese state-owned financial services firm to be opened in Abu Dhabi’s AGDM financial center, according to the UAE state news agency WAM.

The agreements were ratified during the visit of President Xi Jinping, the first president of China to visit the UAE is 29 years. The top-level visit, in which he had talks with Mohammed bin Zayed, crown prince of Abu Dhabi, and Sheikh Mohammed bin Rashid, vice president of the UAE and ruler of Dubai, is a clear indication of the importance China attaches to relations between the two countries.

China is the UAE’s second largest trading partner. About 60 percent of China’s exports to the Middle East enter the region via the UAE, which itself accounts for about 25 percent of China’s trade with all the Arab world.

The UAE is also close to the route of China’s Belt and Road initiative. The multibillion-dollar project aims to revive the ancient Silk Road and develop an equivalent sea route linking China to markets in west Asia and Europe.


More than a million Chinese visited the UAE in 2017 and trade reached nearly $54.5 billion that year. On Thursday, Sheikh Mohammed bin Rashid tweeted that the UAE aims to double both of those numbers.
“We have many areas of political and economic agreements and a solid base of projects in the energy, technology and infrastructure sectors. More importantly (we have) a strong political will to start a greater phase of cooperators ad integrations,” the ruler of Dubai wrote on Twitter.

“Today, we have exemplary relations with China and a Chinese leadership that sees the UAE as main strategic partner in the region.”

President Xi arrived in Abu Dhabi on Thursday for a three-day visit. On the same day, the state-owned Abu Dhabi National Oil Company (ADNOC) announced the awarding of two contracts worth $1.6 billion to BGP Inc., a subsidiary of China National Petroleum Company, to conduct a seismic survey, searching for oil and gas sites both offshore and on an area covering some 53,000 square kilometers.

Dubai-based property developer Emaar meanwhile announced plans to build the largest Chinatown in the Middle East in the UAE.

After his three days in the UAE, President Xi will go on to Senegal, Rwanda and South Africa.

FACTOID

UAE-CHINA AGREEMENTS - Two MoUs for the construction of embassies and cultural centres - Agreement to advance energy cooperation - Two MoUs to enhance e-commerce ties - Two MoUs to enhance agriculture sector - Two MoUs connected to the Silk Road Initiative - Agreement between ADNOC and China National Petroleum Company - Agreement on customs issues - Framework agreement between the Abu Dhabi Global Market and the Chinese-UAE Pilot Zone - A partnership and investment agreement in the world's largest solar energy project