News

Delighted to meet up last week with Michael Purkiss, Chief Operating Officer and Ahmed Jasser, Chief Commercial Officer of Euro Mechanical. It has been very much a pleasure to work with Euro Mechanical on recent local partner ventures with HFI clients including Spinergie from France and Cleantek Industries Inc. from Canada.

Euro Mechanical, an Emirati owned company, has supported the growth of Abu Dhabi’s energy and industrial sectors for more than 40 years, delivering solutions to the Aviation, Chemicals, Petrochemicals, Oil, Gas, Renewables, Water, Power, and Manufacturing sectors. Following the acquisition of SAMCO, Euro Mechanical has a growing position in supporting advanced energy technology and know-how businesses to enter and grow in the UAE.

Coming up on the 3 September, the Energy Industries Council (EIC) is hosting its Middle East Technology Showcase in Abu Dhabi. This is an excellent opportunity to highlight innovative technologies spanning across the entire energy sector and we would encourage clients and connections to contact Ryan McPherson at EIC if they are interested in participating.

The EIC DataStream project database is now tracking for the UAE 134 energy projects for 2024 and the market value is US$200.4 billion for the period to 2030:-

• Oil & Gas (upstream, midstream and downstream) – US$174.5 billion;
• Power and transmission/distribution – US$13.7 billion; and
• Energy Transition (renewables, hydrogen, CCS, energy storage) – US$12 billion.

It was a much-welcomed opportunity to discuss HFI’s Bridgehead Cluster Venture (BCV) model with the Euro Mechanical team to support SME expansion into the UAE the first critical three years. August will see the launch of our Autumn 2024 edition of our Bridgehead Cluster Ventures eBrochure, copies of which will be available from Sally Reeves, HFI's Client Relations Manager.