Business Chief ME+AFRICA January 2024 | Page 11

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Biggest sovereign wealth funds in the Arabian Gulf
The Gulf countries are home to some 20 Sovereign Wealth Funds , collectively managing close to US $ 4 trillion . Regional SWFs are increasingly focused on making investments that have a positive impact and can shape the global economy – from tech solutions to climate change , to the global sports industry . We highlight the top 10 largest and look at how each is diversifying . NWTN showcases future of mobility at COP28
A UAE homegrown success story , NWTN took its commitment to promoting passenger-centric mobility solutions and a cleaner energy ecosystem to COP28 . As well as delivering new energy vehicles , including the Made in the Emirates Rabdan One , NWTN is exploring opportunities in the entire clean energy value chain , including photovoltaics , green hydrogen power and energy storage .
New Sasol CEO to drive ambitious emissions plan
As the second-biggest emitter of greenhouse gas in South Africa , Sasol has work to do . While current CEO Fleetwood Grobler has so far led the conglomerate ’ s emissions plan , putting the company on track to be more resilient , EVP of Energy Operations and Technology Simon Baloyi will drive the ambitious strategy forward .
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