Peace negotiations, water issues, renewable energy, and oil prices, all took center stage during the recent US-Arab Economic Forum held in Washington. Top-billed by government officials and key businesspeople, the event served as venue to iron out issues surrounding prominent Arab countries. One of the highlights of the event was the speech delivered by top executive Wael Al-Mazeedi, chief executive officer and chairman of BTU Industries. Al-Mazeedi’s $1 billion venture capital group aggressively pursues investments in locations such as UAE, China, South Korea, Taiwan, and Tunisia. During his speech, he outlined his company’s stance in renewable energy and elaborated on their continuous efforts to make use of solar and hydro energy resources. According to the BTU CEO, such steps help in decreasing the world’s energy problems by effectively reducing dependence on gas and coal.

Following his speech at the third US-Arab Economic Forum, Wael Al-Mazeedi set his sights on China—widely recognized as the largest renewable energy producer in the world. With the country successfully mustering enough economic strength, emerged as a lucrative yet untapped market for the energy sector. Led by Al-Mazeedi, the BTU Group chose China as the company’s next power generation project. Aside from the Middle East and North Africa, BTU Industries has started to explore various economic opportunities in China. Thanks to the efforts of Al-Mazeedi and his company, the country is now considered as the energy sector’s emerging darling. Before long, it is not improbable to see more countries utilizing renewable energy, with Al-Mazeedi leading the charge.