The 2nd edition of the Sustainability Innovation Awards, hosted by BNC Publishing, took place on August 31, 2023, at Sofitel Dubai the Palm.

Sustainability Innovation Awards 2023 is one of the leading events applauding the achievements of the region’s sustainability initiatives and projects from all sectors in the Middle East. The awards strive to recognise individual excellence, corporate strengths, and project success from all sectors. Companies are invited to nominate the people, projects, and initiatives of which they are most proud of.

With countries in the region having an oil-dependent economy, a strong revival in the oil & gas sector became the priority for several nations, leading to a temporary shift in focus away from renewables. Factors such as various government’s plans to diversify the energy mix and increase investments in renewable energy and sustainability initiatives are expected to be significant contributors to the growth of the market. However, the increasing penetration of natural gas for power generation purposes, along with its lower prices is expected to hinder the market growth during the forecast period.

The UAE is expected to witness a significant growth in the Middle-East renewable energy and sustainability market during the forecast period, owing to the upcoming projects and government targets.

The event saw companies from UAE, Oman, Saudi Arabia, and more, winning various awards at the awards ceremony.

List on winners included: ASHISH MEHTA & ASSOCIATES; AL MASAOOD; SOBHA CONSTRUCTIONS; MARAFIQ; IHCC; Farnek; OMAN CABLES INDUSTRY; RED SEA GLOBAL; FAIRMONT HOTELS AND RESORTS; RIXOS GROUP; KEO INTERNATIONAL CONSULTANTS; IFZA; DESIGN INFINITY; BIN DASMAL ENGINEERING TECHNOLOGIES & MANAGEMENT CO. LLC; ORASCOM CONSTRUCTION; AECOM; SACOTEL ZNSHINE; CAFU; 3DXB Group; EGIS GROUP; PEPSICO; HITEK SERVICES; FUGRO; ABU DHABI PORTS; NOTHING PHONE

Wissam Younane, CEO at BNC Publishing, commented on the importance of the event: “In a world facing unprecedented challenges, the Sustainability Innovation Awards 2023 reaffirm our commitment to recognizing and celebrating the champions of sustainability across all sectors. While the pandemic momentarily diverted our attention, we must remember that sustainable practices are not just an option but an imperative. As leaders, it’s our responsibility to prioritize renewables, diversify our energy mix, and invest in a sustainable future. Together, we can shape a resilient, eco-conscious Middle East that thrives economically while preserving our planet for generations to come.”