INSEAD Day 4 - 728x90

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

OPEC Fund, UNIDO enhance cooperation to advance clean energy transition

OPEC Fund Director-General Dr Abdulhamid Alkhalifa signed the joint declaration in Vienna with Gerd Müller, Director-General of UNIDO.
  • They also signed a US$1.5 million technical assistance grant agreement in support of the National Clean Cooking Transition Programme in Madagascar
  • We look forward to collaborating with UNIDO to help deliver the Sustainable Development Goals, said OPEC Fund Director-General Dr Abdulhamid Alkhalifa

Vienna, Austria – The OPEC Fund for International Development (the OPEC Fund) and the United Nations Industrial Development Organisation (UNIDO) have signed a joint declaration to deepen their partnership in securing energy access and promoting energy transition.

They also signed a US$1.5 million technical assistance grant agreement in support of the National Clean Cooking Transition Programme in Madagascar, according to a statement by the Fund’s headquarters in Vienna.

“We are very pleased to expand our cooperation with UNIDO and to support our flagship clean cooking programme in Madagascar with UNIDO’s vast technical and advisory expertise, which is critical for an effective implementation,” said OPEC Fund Director-General Dr. Abdulhamid Alkhalifa who signed the joint declaration in Vienna with Gerd Müller, Director-General of UNIDO.

“We continue to strengthen synergies with new and existing partners through the recently launched Climate Finance and Energy Innovation Hub, and we look forward to collaborating with UNIDO to help deliver the Sustainable Development Goals,” he added.