Every year, Abu Dhabi hosts a large convention of oil, gas and energy companies that is attended by industry leaders, including energy ministers, decision makers and professionals from all over the world. Known as Adipec, the event that starts today (Oct 2-5) has a scale that is not easily rivalled. Business partnerships in the energy field are strengthened, ideas exchanged among leaders from various backgrounds and handshakes become a common sight as strategic collaborations are formed.
Just last year, Adipec yielded $8.2 billion in business for the 2,200 companies that were present at the conference. And one of the most significant deals to come out of it was an agreement between the UAE and the US to invest $100 billion in renewable energies and clean technologies in the UAE, US and emerging economies around the world by 2035.
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