KAPSARC, GCCIA to develop electricity market in GCC

The MoU was signed by Saad Alqarni, KAPSARC communications director, and Ahmed Al-Ebrahim, chief executive officer of GCCIA.
Updated 01 January 2019
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KAPSARC, GCCIA to develop electricity market in GCC

The King Abdullah Petroleum Studies and Research Center (KAPSARC) signed a memorandum of understanding (MoU) with the Gulf Cooperation Interconnection Authority (GCCIA), on the sidelines of the 8th Saudi Arabia Smart Grid Conference to enhance collaborative, impactful research within the electric power sector and to develop the electricity market in the GCC. 

The collaboration will involve joint work on research and conferences related to developing the GCC electricity power market.

Along with focusing on developing policies and insights, the joint research collaboration will examine the key issues affecting electricity market integration within the GCC and MENA region, and propose solutions to help accelerate the electricity trade market.

The MoU was signed by Saad Alqarni, KAPSARC communications director, and Ahmed Al-Ebrahim, chief executive officer of GCCIA. Alqarni highlighted the importance of the partnership as it aligns with the goals of Vision 2030 and underlined KAPSARC’s strategic focus on increasing its partnerships with major players in the energy sector.

“KAPSARC’s research collaboration with the GCCIA will facilitate continued progress toward regional electricity market integration by providing decision-makers in the region with insights into both the challenges and the opportunities,” said Alqarni.


AHG denies link with Al-Habtoor Trading Enterprises

Updated 16 January 2019
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AHG denies link with Al-Habtoor Trading Enterprises

Al-Habtoor Group (AHG) has clarified that the group and all its divisions, including Habtoor Hospitality (Habtoor Hotels) have no link or relationship of any kind with Al-Habtoor Trading Enterprises (HTE) and its owner Rashid Al-Habtoor.

This is following news released in major Indian and Middle Eastern media about a potential acquisition of the Leela Group of Hotels in India (Hotel Leela venture) by Rashid Al-Habtoor, founder and owner of Al-Habtoor Trading Enterprises.

A spokesperson for Al-Habtoor Group said: “We feel obligated to clarify that Al-Habtoor Group in all its divisions and Al-Habtoor Trading Enterprises are two separate entities. Habtoor Hospitality, commonly known as Habtoor Hotels, is owned solely by Al-Habtoor Group in the UAE and overseas.”

“... Any actions or business decisions taken by Al-Habtoor Trading Enterprises or any of their associates are their sole responsibility, and Al-Habtoor Group is not liable under any circumstance for any damages or liabilities arising directly or indirectly from Al-Habtoor Trading Enterprises business ventures.”