Toyota showcases pioneering hydrogen FCEVs at UAE summit

The Toyota Mirai offers best-in-class efficiency with zero emissions, delivers a class-leading cruising range of 650 km and can be refueled in under five minutes.
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Updated 18 January 2023
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Toyota showcases pioneering hydrogen FCEVs at UAE summit

Toyota’s environmentally friendly mobility solutions were in the spotlight this week during the World Future Energy Summit in Abu Dhabi, where the hydrogen-powered Toyota Mirai fuel cell electric vehicle and a fuel cell forklift were on display throughout the three-day event. Both products utilize innovative hydrogen FCEV technology to deliver efficient performance with zero emissions, playing an important role in Toyota’s multiple pathway approach toward carbon neutrality.

Toyota began work on its hydrogen FCEV technology in 1992, which converts hydrogen and oxygen into electricity to power an electric motor and produces only water as a byproduct. The company’s commitment to continually refining this technology can be seen in the groundbreaking Toyota Mirai, which offers best-in-class efficiency with zero emissions. The FCEV delivers a class-leading cruising range of 650 km and can be refueled in under five minutes, ensuring drivers enjoy the same levels of performance and convenience associated with a traditionally powered vehicle. 

The versatility of the Toyota fuel cell system has enabled a wide range of applications in areas such as trucks, buses, boats, and stationary generators, including the FC forklift. This innovative solution has a refueling time of just two-three minutes, helping to ensure around-the-clock availability and making the FC forklift especially well-suited to multi-shift operations where trucks are constantly in use.

Kei Fujita, chief representative, Middle East and Central Asia Representative Office, Toyota Motor Corporation, said: “We are pleased to showcase two of our hydrogen-powered mobility solutions at the World Future Energy Summit, a highly significant platform that contributes to a more sustainable tomorrow. With a fueling time of less than five minutes, Toyota’s zero-emission hydrogen FCEV technology combines greater convenience with enhanced sustainability and is one of many promising solutions we have been exploring as part of our drive for carbon neutrality. I would like to extend my gratitude to the organizers of this important and timely event, the goals of which align closely with Toyota’s ongoing drive for sustainability.”

Recognized as one of the world’s most influential gatherings for the energy industry, the World Future Energy Summit brings together key stakeholders with the goal of accelerating the transition toward cleaner sources of energy. Toyota’s participation comes as part of its long-term commitment to developing carbon-neutral mobility solutions. The company successfully launched the Prius — the world’s first mass-produced hybrid electric vehicle — in 1997 and continues to explore diverse technology options to meet the diverse needs of users across the globe. Today, Toyota offers a full lineup of sustainable mobility solutions including HEVs, plug-in hybrid electric vehicles, battery electric vehicles and FCEVs, and has sold more than 22 million electrified vehicles across the globe.

Fujita added: “At Toyota, we recognize that carbon neutrality is a goal with multiple pathways; there is no single best solution for all use cases in all parts of the world. By focusing on the development of diverse electrified powertrain options, we are contributing to greater choices for drivers that will increase the adoption of eco-friendly vehicles.”

The World Future Energy Summit 2023 took place at the Abu Dhabi National Exhibition Centre from Jan. 16-18.


25,000 attend Social Development Bank’s DeveGO25 forum

Updated 27 December 2025
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25,000 attend Social Development Bank’s DeveGO25 forum

The Social Development Bank concluded the second edition of the Entrepreneurship and Modern Business Practices Forum — DeveGo 2025 — announcing the achievement of high-impact outcomes that further reinforced the forum’s position as the largest national platform in the region dedicated to entrepreneurship, innovation, and freelance work in Saudi Arabia and beyond. 

The forum witnessed broad participation from local and international experts, investors, entrepreneurs, and representatives of local, regional, and international institutions.

Over three days at the King Abdulaziz International Conference Center, the forum drew 25,000 participants and visitors, who benefited from over 45 specialized workshops and over 2500 advisory sessions delivered by more than 70 consultants and experts. 

The sessions covered key areas including entrepreneurial planning, business models, venture capital, digital platforms, freelancing, and emerging technologies. 

The forum also featured 20 panel discussions with leading local and international speakers, addressing major global trends in entrepreneurship, including the future of artificial intelligence, the creative economy, digital transformation, and venture investment. 

The forum saw the launch of the Saudi Empretec Fellowship, in the presence of Rebeca Grynspan, secretary-general of the UN Conference on Trade and Development. 

The partners in success within the Social Responsibility Portfolio supporting entrepreneurs were honored. 

It also saw the honoring of 13 winners of the Handicrafts Competition, representing various regions of the Kingdom, the announcement of winners of the Salam Award for Promising Projects, and the recognition of leading entrepreneurial projects fund under the Enterprises Track. 

In addition, the NEXT UP Challenge concluded on the third day of the forum with 20 startups presenting their projects to more than 500 investors, enhancing opportunities for networking and partnership building.

As part of efforts to strengthen the support ecosystem, the forum witnessed the signing of 51 agreements, along with the launch of a suite of new financing products. These included the Capital Expansion Product with a ceiling of up to SR10 million, the Payroll Product with a ceiling of SR2 million, and the Rental Product with a ceiling of SR1.5 million, aimed at supporting enterprises in asset development and covering operational costs. 

This reflects the bank’s direction toward offering more specialized financing tools that respond effectively to market needs.

The forum concluded by reaffirming its role as a unifying national platform for entrepreneurship, where accompanying activities and events provided direct engagement opportunities between entrepreneurs, investors, and experts. 

The forum also highlighted success stories and practical experiences that reflect the scale of entrepreneurial momentum in the Kingdom and the growing role of the Social Development Bank in supporting a national economy driven by innovation and knowledge.