On July, 13th a group of European companies and the DESERTEC Foundation signed a Memorandum of Understanding with the aim to put the DESERTEC Concept into effect in the EUMENA Region.

In the upcoming decades, several global developments will create new challenges for mankind. We will be confronted with problems and obstacles such as climate change, population growth beyond earth's capacity, and an increase in demand for energy and water caused by a strive for prosperity and expansion.
The DESERTEC Concept provides a way to solve these challenges.
http://www.desertec.org/