Saudi Arabia's sovereign wealth fund raised $3 billion in green bonds in October in its maiden debt issue. The UAE will host this year's COP28 climate summit and last week named the head of oil giant ADNOC, Sultan al-Jaber, to lead it.
Demand for EVs in the UAE market has witnessed a steady rise over the past years and is projected to see a compound annual growth rate (CAGR) of 30 per cent between .
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