Our presence in the Middle East dates back 100 years. Our wide network in the Middle East allows MUFG Bank to offer a broad range of comprehensive financial services in the Middle East and support clients' business development in the future.
MUFG is committed to tackling climate change and has developed specific action plans based on our purpose, "Committed to empowering a brighter future." MUFG aims to achieve net zero greenhouse gas (GHG) emissions across our finance portfolio by 2050 and our own operations by 2030. By setting targets to align with the goals of the Paris Agreement and expand and improve transparency of information disclosure, MUFG plans to achieve carbon neutrality throughout our organisation.
MUFG is one of the market leaders in sustainable finance, with expertise in issuing, underwriting and arranging Green, Social, Sustainability and ESG loans and bonds, alongside work in Project and Export Financing in sustainable sectors, both in our own name and for our clients.
Some examples include:
- In October 2021, MUFG acted in multiple roles on the Jubail 3B Independent Water Plant (IWP) in Saudi Arabia agreement which supported a consortium comprising of Engie, NESMA Holdings and AJLAN.
- In April 2021 where MUFG acted across various areas on the Yanbu 4 Independent Water Plant (IWP) in Saudi Arabia project, supporting a consortium comprising Engie, Mowah Company and NESMA Holdings.
- At the beginning of January 2021, MUFG acted as Mandated Lead Arranger as well as in other roles to for the Al Dhafrah PV2 solar project in Abu Dhabi (PV2) supporting a consortium comprising of EDF Renewables, Jinko Power (HK), a subsidiary of Jinko Power Technology Co, Ltd (Jinko Power), Abu Dhabi National Energy Company (TAQA) and Masdar.
For more, view our Low Carbon Financing Series, a seven part series of reports where we look at the most promising solutions for moving to a net-zero economy and the economic models which would support commercial bank financing.
MUFG provides a gateway for corporates in the Middle East to navigate opportunities in Japan and Asia with confidence. Through our expertise we are able to assist our clients in unlocking Asia's financial markets by working with our strategic partner banks along with continuing to aid innovative solutions to support the decarbonisation of society. Our unwavering commitment to clients has been at the heart of everything we do.