Calgary-based Rainmaker Global Access and Dubai-based Hugh Fraser International are teaming to provide a new specialist support service for Canadian companies seeking to benefit from the US$630 billion energy market in the Middle East being tracked by the Energy Industries Council, and in the surrounding regions of India, Caspian/Central Asia, Eastern Africa, and East Mediterranean/North Africa.
The Rainmaker HFI collaboration; announced as part the Global Energy Show 2022 event being held in Calgary this week, will combine Rainmaker’s Market Access Cluster and HFI’s International Local Partner Solutions (ILPAS) services and offer a powerful mix of business development, funding access, local partner due diligence and local legal/tax expertise.
Rainmaker CEO Clark Grue stated: “Canadian companies are continuing to grapple with the challenges and opportunities arising from the energy transition and the growing need for western energy security. Our companies are continuing to be innovators in conventional oil, gas, and power but are also developing leading-edge technology and knowledge in nuclear, renewables, hydrogen, and carbon capture and storage. Our focus will be on the implementation of export opportunities and leveraging our connections with the business community and the Governments to the benefit of clients.”
Hugh Fraser, Managing Partner at HFI, a member of the GlobalScot network, commented: “We very much welcome our return to Calgary and Global Energy Show 2022 this week and finalize our collaboration plans with Rainmaker. HFI has a long track record of supporting Canadian energy technology companies in the Middle East. Canada has a leading position in energy segments including specialist drilling and production services, nuclear, hydropower, carbon capture, and hydrogen. The Middle East will remain dominated by oil and gas activity over the next 10 years but with an increasing emphasis on efficiency and decarbonization, in addition, there is already a US$68 billion and growing energy transition market in the GCC countries alone. EIC is tracking over US$1 trillion dollars of energy projects across the wider Middle East and the four surrounding regions of India, Caspian/Central Asia, Eastern Africa, and East Mediterranean/North Africa.”