The United Arab Emirates on Wednesday announced it will launch energy projects worth $1 billion in Yemen to support the rebuilding of its energy sectors, which will be implemented by Abu Dhabi firm Global South Utilities (GSU). The agreement will see the company implement a portfolio including projects in solar and wind energy alongside the development of distribution networks in the country, GSU said in a statement. "This one-billion-dollar portfolio expands an energy system capable of supporting a larger economy and a more active market in Yemen,” said GSU CEO Ali Alshimmari.