"Most clean and renewable energy technologies today are partial solutions, which cannot make a significant economic impact unless consolidated and custom tailored for specific needs," said Eng. Yahya Lootah.
"Zeyad will be a key team member leading IEG strategic focus on offering a holistic approach to assist our customers in overcoming their clean and sustainable energy challenges," he added.
A UAE national, Zeyad was a Technologist at Fortune 500 multinational, Eaton Corporation, where he spent 7 years leading the development and commercialization of several technologies and products in multiple industries. Zeyad has participated in several major US technology innovation initiatives and holds 6 US and international patents.
During the last 5 years, Zeyad served in business strategy at TECOM, and government policy development at Dubai Development and Investment Authority, and have extensively worked on Dubai's R&D strategy and the potential for renewable energy in the UAE economy.
"I believe that the gulf region holds a great potential for clean and renewable energy, due to its unique geo-economics; The UAE stands to lead in this area, by virtue of its open and competitive economy. The infrastructure and energy challenges the UAE is facing due to rapid growth, present an opportunity to grow new energy businesses and economic sub-sectors, and to use our stress conditions to drive innovation," said Zeyad Almajed.
IEG is a subsidiary of the UAE business conglomerate, S.S. Lootah Group. IEG launch in Dubai in September 2005 at the Advanced Energy Technologies conference marked the formation of the first international business alliance to promote, develop and manage commercially viable clean and renewable energy projects in the Middle East region.
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UAE National to lead IEG clean and renewable energy push
- United Arab Emirates: Tuesday, July 11 - 2006 at 15:04
- PRESS RELEASE
Eng. Yahya Lootah, President and CEO of the International Energy Group (IEG), the regions first international energy alliance to promote clean and renewable energy, has announced the appointment of Zeyad Almajed, a UAE national Engineer as IEG's General Manager.
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About IEG:The International Energy Group (IEG) is a strategic alliance of international companies in the energy sector forged to act as a catalyst for advanced energy technologies in the Middle East region and beyond. IEG is based in Dubai, United Arab Emirates, a regional business hub that enables IEG to reach out to a vast region that seeks unique advanced energy technology to address its growing development needs.
IEG is committed to integrate cleaner and renewable energy sources with finite energy sources in use today, to benefit people, business and the environment. IEG will serve this unique and critical role of introducing commercially viable advanced energy technologies and applications to industrial, business and government sectors.
IEG will achieve this goal by facilitating access to the technical know-how, expertise and skills acquired through on going projects, developed, managed and implemented around the world through its alliance members. IEG believes that its collaborative work will bring clean energy technologies and applications to life in the region and beyond and will improve on the overall economics and business opportunities of the global energy industry.
Posted by Janeta Novakovic, Assistant News EditorTuesday, July 11 - 2006 at 15:04 UAE local time (GMT+4)
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