Enviromena has been named as one of the top 100 start-ups in the Arab world for its role in cultivating the Fourth Industrial Revolution (4iR).
Enviromena, the leading provider of transformative energy solutions in the MENA region, says it will use the accolade to raise awareness of clean energy innovations among its peers.
The Fourth Industrial Revolution has been defined by the World Economic Forum (WEF) as a new era in the global economy. It is characterised by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.
Identified as a top 100 Arab world start-up by the WEF and the International Finance Corporation, Enviromena was founded in 2007 by entrepreneur Sami Khoreibi, who has also been recognized as a Young Global Leader by the WEF.
Under his leadership Enviromena has pioneered the development of renewable power in the region. Its accolades include building the Middle East’s first grid connected, utility-scale photovoltaic plant and going on to deliver the broadest footprint of clean energy projects across nine MENA countries.
Enviromena will attend The World Economic Forum on the Middle East and North Africa at the Dead Sea in Jordan this week (May 19-21) to share its success story with its peers. It will also use the summit as an opportunity to share the latest innovations in solar and renewable energy.
Sami Khoreibi said: “It’s an honour to be listed as one of the top 100 Arab world start-ups. As a company at the forefront of clean energy innovations, we’re looking forward to sharing our expertise with other businesses and working together to move the sector forward.”
The list was created by the WEF and International Finance Corporation in collaboration with the region’s leading authorities on the entrepreneurship ecosystem, including Wamda, Flat6Labs, Kawar Investments and Leap Ventures.
Putting the Fourth Industrial Revolution in context, the WEF says the speed of the current technological breakthroughs has no historical precedent. When compared with previous industrial revolutions, the Fourth is evolving at an exponential rather than a linear pace.