UAE Launches $1 Billion Energy Portfolio to Strengthen Yemen’s Renewable Infrastructure

The United Arab Emirates has unveiled a $1 billion energy portfolio in Yemen, aimed at advancing renewable energy, energy storage, and distribution network development across the country. The initiative was announced at the first Yemen Energy Conference held in Aden.

Global South Utilities, appointed as the executor of the portfolio, will lead the implementation of the program, which includes solar and wind projects, advanced battery energy storage solutions, and the expansion of distribution networks. The initiative is designed to promote energy stability, support economic growth, and enhance access to reliable power for essential services, including hospitals, schools, and industrial facilities.

Ali Al-Shammari, Managing Director and CEO of Global South Utilities, said, “This $1 billion portfolio expands an energy ecosystem capable of supporting a larger economy and a more vibrant market in Yemen. We are investing in building real, reliable energy capacity that will open a new cycle of growth, reduce production costs, and enable critical services to operate with stability.”

The UAE’s investment marks a significant milestone in Yemen’s energy sector, reflecting a strategic push toward renewable energy adoption, grid modernization, and low-carbon infrastructure development to support long-term economic resilience.