Transformative energy company named in top 100 Arab start-ups in 4iR

18
Sami Khoreibi

A transformative energy company driving the Middle East and Africa’s renewable agenda has been named as one of the top 100 start-ups in the Arab world for its role in cultivating the Fourth Industrial Revolution (4iR).

Enviromena, the leading provider of transformative energy solutions in the MENA region, says it will use the accolade to raise awareness of clean energy innovations among its peers.

The Fourth Industrial Revolution has been defined by the World Economic Forum (WEF) as a new era in the global economy. It is characterised by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.

Identified as a top 100 Arab world start-up by the WEF and the International Finance Corporation, Enviromena was founded in 2007 by entrepreneur Sami Khoreibi, who has also been recognised as a Young Global Leader by the WEF.

Under his leadership Enviromena has pioneered the development of renewable power in the region. Its accolades include building the Middle East’s first grid connected, utility-scale photovoltaic plant and going on to deliver the broadest footprint of clean energy projects across nine MENA countries.

Enviromena will attend The World Economic Forum on the Middle East and North Africa at the Dead Sea in Jordan this week (May 19-21) to share its success story with its peers. It will also use the summit as an opportunity to share the latest innovations in solar and renewable energy.

Sami Khoreibi said: “It’s an honour to be listed as one of the top 100 Arab world start-ups. As a company at the forefront of clean energy innovations, we’re looking forward to sharing our expertise with other businesses and working together to move the sector forward.”

The list was created by the WEF and International Finance Corporation in collaboration with the region’s leading authorities on the entrepreneurship ecosystem, including Wamda, Flat6Labs, Kawar Investments and Leap Ventures.

Putting the Fourth Industrial Revolution in context, the WEF says the speed of the current technological breakthroughs has no historical precedent. When compared with previous industrial revolutions, the Fourth is evolving at an exponential rather than a linear pace.

About Enviromena:

  • Enviromena is the leading provider of transformative energy solutions in the Middle East and Africa
  • The company has operations in nine countries and offices in Dubai, Abu Dhabi, Amman, Cairo and Casablanca
  • Enviromena develops, constructs and maintains solar PV projects and has installed 17,0000 solar home systems and built more than 40 solar power plants since 2007
  • The company has pioneered the development of solar power in the MENA region, building the region’s first grid connected, utility-scale photovoltaic plant in the Middle East.
  • Enviromena delivered the Masdar 10 MW Solar Power Plant – the first and largest solar photovoltaic system ever constructed in the Middle East and North Africa
  • The Siwa 10 megawatt solar PV power plant was the largest solar power installation in Egypt when completed by Enviromena in March 2015.The project is the first utility-scale solar power installation in Egypt. Unique to this project is the plant’s integration to an existing micro-grid of diesel generators, making it one of the largest PV diesel hybrid systems in the world
  • Abu Dhabi’s annual Formula 1™ Etihad Airways Grand Prix race track features an architecturally integrated solar PV power plant. Enviromena completed construction of the Shams Tower Solar Photovoltaic System in 2010.