As Hong Kong businesses capitalize on the Gulf’s renewable aspirations, hydrogen buses, solar technology, and expert services are at the forefront of new collaborations.
Due to the Middle East’s targeted $100 billion investment in renewable energy by 2030, Hong Kong businesses are becoming important partners in the region’s green transformation as Gulf countries accelerate their shift away from fossil fuels.
Templewater, the Hong Kong-based investment company that founded Citybus, is spearheading the effort and is actively investigating clean transportation projects in the Gulf. Following the successful delivery of three buses powered by hydrogen to Abu Dhabi in late 2023, Templewater is currently in advanced talks with Kuwait and Qatar over possible large-scale deployments.
“The pilot program in the UAE is ongoing, and we’re optimistic about scaling up later this year,” said Cliff Zhang Kun, Chairman of Templewater and Bravo Transport. He acknowledged that while traditional fuel remains cost-effective in oil-rich countries, regional governments are prioritizing innovation and long-term sustainability over immediate savings. “They’re looking beyond today’s economics and focusing on future-proofing their infrastructure,” Zhang added.
Zhang sees massive potential for solar and wind energy in the Gulf, not only as power sources but also as foundations for producing green hydrogen—a clean fuel poised to revolutionize transportation and industry. As technology evolves and becomes more cost-competitive, he expects hydrogen adoption to surge.
Highlighting Hong Kong’s unique role, Zhang emphasized the city’s ability to act as a global conduit for mainland China’s mature hydrogen supply chain. “Hong Kong can bridge Chinese innovation and the world,” he said. “This extends beyond energy into legal, financial, and professional services that support these ventures.”
Zhang is part of a high-level delegation visiting Qatar and Kuwait this week, led by Hong Kong Chief Executive John Lee Ka-chiu, aimed at strengthening trade and sustainability ties. Another member of the delegation, lawmaker and Forward Winsome Industries managing director Jeffrey Lam Kin-fung, revealed that his company has already secured solar energy development agreements in Kuwait.
“Kuwait’s extreme climate demands advanced, heat-resistant technology,” Lam noted. “We’ve tailored our solutions to meet those needs, and the scope for infrastructure partnerships is immense.”
Lam also pointed to broader business potential in areas like tourism and event hosting. “Qatar’s success with global events like the FIFA World Cup and Formula One is a model. Hong Kong firms can contribute to, and benefit from, this growing ecosystem,” he said.
The regional commitment is clear. GCC countries have collectively pledged $100 billion in renewables by 2030, targeting up to a 20% reduction in emissions. Qatar is aiming for 18% renewables in its energy mix by 2030, while Kuwait plans to reach 30% by then and 50% by 2050.
As the Gulf modernizes its energy landscape, Hong Kong—armed with international expertise and proximity to China’s manufacturing base—is well positioned to help drive, and profit from, the Middle East’s green future.
