Arab.Power100.2016-99.Sami Khoreibi
Posted inUncategorized 100 under 40: The world’s most influential young Arabs

Sami Khoreibi

Company: Enviromena

Designation: Entrepreneur, CEO

Solar energy is set to grow by 1,000 percent, Sami Khoreibi
predicted earlier this year, which is good news for his company Enviromena, the
largest solar integrator in the MENA region.

Khoreibi was originally a founding partner of Candax Energy,
an international upstream oil and gas company with production assets in Tunisia
and exploration properties in Africa and the Middle East.Candax completed a
$66m brokered financing deal with a Canadian investment bank in 2005 and was
publicly listed on the Toronto Stock Exchange nine years ago.

The following year he became a founding member of Petrodex,
an exploration and production company with assets in the US and exploration
properties in the Middle East.

In 2007, the ambitious entrepreneur became a founding
partner and CEO of Enviromena, and was awarded ‘Entrepreneur of the Year’ at
the 2008 Alternative Energy Awards. As well as being recognised as a Young
Global Leader at the 2012 World Economic Forum, he was named one of the top
five ‘Arab Innovators’ by the MIT Technology Review in 2012.

Khoreibi told Arabian Business in January that the sharp
fall in the price of hydrocarbons was an incentive for GCC governments to
supply low-cost solar energy to the grid. With record low prices for solar
energy in the UAE, solar was allowing the region to address its growing energy
demand in a fashion that does not require additional spend on energy subsidies,
he said.

“There’s more activity than ever before. In the next 12
months we expect more contracts as we bid for projects across this region,”
Khoreibi said.

“There’s a massive increase in solar power
installations in the MENA region. This year we will see contracts 10 times more
than last year.”

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