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Saudi Arabia Will Invest $270Bn To Boost Clean Energy Sector

Saudi Arabia’s Minister of Energy, Abdulaziz bin Salman Al Saud, says the country wants to be the leading exporter of hydrogen.

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saudi arabia will invest $270 billion to boost clean energy sector

Although being well-known as one of the world’s largest oil producers and exporters, Saudi Arabia is making a huge commitment to developing a low-carbon energy sector, planning to boost its renewable energy percentage to 50%, and swapping any remaining oil use for natural gas. As part of the plan, the Saudi energy minister recently announced that the country will inject $270 billion into various low-carbon projects before 2030 to boost the clean energy sector.

“We are determined to be the leading exporter of hydrogen, as well as to provide clean hydrogen for local uses in heavy industries to produce green products such as green steel, green aluminum, fertilizers, and others at competitive prices,” says Saudi Arabia’s Minister of Energy, Abdulaziz bin Salman Al Saud.

Also Read: Dubai Unveils Plans For Climate-Controlled Cycling Highway

Bin Salman’s comments came while attending the in-Kingdom Total Value Add Forum and Exhibition. The announcement reinforces the kingdom’s commitments at COP27, with Saudi Arabia aiming to be an electricity exporter and expanding its transmission and distribution network.

As part of the greater Saudi Green Initiative, emissions across the region will drop by more than 270 million tons of carbon dioxide while employing a circular carbon economy approach.

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Abu Dhabi To Develop $1 Billion eSports Island Facility

Positioned along the picturesque Al Raha beach, the venue is poised to become a focal point for gaming enthusiasts worldwide.

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abu dhabi uae to develop $1 billion esports island facility
True Gamers

Despite the economic slowdown of global eSports, the Middle East has emerged as a beacon of innovation and investment, particularly in infrastructure aimed at attracting top talent. According to a report by BCG, the region’s population exhibits a remarkable fondness for gaming, with over 60% actively participating and some of the highest figures of mobile game downloads in the world.

The latest addition to the UAE’s burgeoning eSports landscape is Abu Dhabi’s ambitious eSports Island project. Positioned between the Al Bandar and Al Dana developments along the picturesque Al Raha beach, the island is poised to become a focal point for esports enthusiasts worldwide.

True Gamers — a key player in the gaming industry — has pledged a substantial investment of $280 million to develop Abu Dhabi’s eSports Island. Upon completion, the project is anticipated to cost a staggering $1 billion.

true gamers esports island details

The island will boast state-of-the-art amenities geared towards training aspiring eSports professionals and hosting international tournaments. The GG Bootcamp, equipped with cutting-edge gaming infrastructure, will provide a comprehensive training facility, dedicated rest areas and even nutrition programs.

At the heart of the eSports Island lies the True Gamers (TG) Arena, envisioned as a premier venue for hosting high-profile competitions with thousands of spectators. Adaptable spaces are designed to cater to various gaming formats and genres, and the arena will also serve as a hub for digital exhibitions and conferences. Additionally, the Digital Tower will offer a collaborative workspace for developers, and the island will host tourists and event goers in 200 rooms with in-built gaming computers.

Also Read: Top 10 Best Video Games Set In The Middle East

Establishing an eSports hub in Abu Dhabi will reinforce the UAE’s position as a global market leader, capitalizing on the region’s growing appetite for gaming. As international tournament organizers increasingly focus on the Middle East, the unveiling of Abu Dhabi’s eSports Island heralds a new era of innovation and growth for the industry.

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