The beginning of the end
27 August 2024
Commentary
Edmund O'Sullivan
Former editor of MEED
On 10 November 1942, UK Prime Minister Winston Churchill declared, following a British victory in Egypt, that: “[T]his is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.”
This epigram can be applied to events in the Middle East this autumn.
There have always been only four possible solutions to the Palestine tragedy. The first – a continuation of the occupation that has prevailed since 1967 – has always flown in the face of international law and Palestinian and Arab wishes. But what has killed it is Israel’s response to last year’s assault from Gaza. The majority in Israel is now rejecting occupation in the form that existed before and wants something different.
The second option – a two-state solution – enjoys almost universal international support, but this too is moribund. It was always fanciful that an agreement could be reached that dealt with the borders and powers of a Palestinian state, the status of Jerusalem, demands for the right of return of Palestinian refugees, and the growing number of Israelis living in the West Bank who have vowed never to leave.
The most credible attempt to deliver a Palestinian state, launched in Madrid in October 1991, was wrecked more than 30 years ago by former US president Bill Clinton. It was buried with the election of Benjamin Netanyahu for the first time, in 1996.
Nothing in human affairs is inevitable. But hard choices are unavoidable
In July this year, Israel’s parliament voted against the establishment of a Palestinian state, but that is unsurprising. Only a minority of Israelis have ever been prepared to accept it in a form that satisfies even the lowest Palestinian aspirations.
The reality is that there are only two options, though it will take at least a generation for that to be finally acknowledged.
A single state where citizens have equal rights looks hopelessly impractical in light of entrenched views on all sides. Its advocates are deemed to be naive, stupid or malign – and probably all three.
But nothing can be more unacceptable than option four: ethnic cleansing and the brutality it must entail.
It will soon be the first anniversary of the 7 October 2023 attacks. A year is a short time in the Middle East. And yet there has been change in a process that too many still believe – despite all evidence – will not end in catastrophe.
Nothing in human affairs is inevitable. But hard choices are unavoidable.
If we have learned anything since last autumn, it is that however bad the options are, they will be inescapable in due course.
Recognising this truth is not the end, nor even the beginning of the end. But it is not a bad start.
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Egypt approves plans for 869MW wind power plant22 June 2026
Egypt’s Cabinet has approved plans for French renewable energy developer Voltalia to develop an 869MW wind power project.
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Voltalia will make an initial investment of $53m and has committed to achieving commercial operations by December 2028.
Voltalia already operates the 32MW Ra solar plant at the Benban solar complex in Aswan and is expanding its renewable energy portfolio in Egypt.
Previously, in 2024, it signed a framework agreement with Egypt’s Taqa Arabia to develop a green hydrogen and renewable power cluster near the Ain Sokhna port in the Suez Canal Economic Zone.
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The project, known as Wadi, marked Voltalia’s third major solar award in the country after the Sagdoud and Menzel Habib projects awarded in 2024.
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Local firm signs Jeddah drainage contracts22 June 2026
Local contractor Alkhorayef Water & Power Technologies (AWPT) has announced it has signed two contracts with Jeddah Municipality to operate and maintain stormwater and surface water drainage networks across the city.
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The second contract, worth SR93.59m ($25m), covers similar services for the Airport Sub-Municipality.
In March, MEED reported that the firm had won a long-term contract to carry out work in the airport’s sub-municipality area. The agreement was signed on 16 June.
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Saudi firm signs Uzbekistan water treatment PPP22 June 2026
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Qiddiya seeks contractors for indoor arena project22 June 2026

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Saudi Arabian gigaproject developer Qiddiya Investment Company (QIC) has invited contractors to prequalify for a contract to build an indoor sports arena within its Qiddiya entertainment city project.
The invitation was issued on 21 May, with a submission deadline of 28 June.
The multipurpose arena is designed to International Olympic Committee standards.
It will be located in District 18, in the Uptown South area of Qiddiya.
Once completed, the indoor arena will be capable of hosting a wide range of sports, cultural and entertainment events.
The arena will feature numerous sports courts for basketball, handball, futsal, volleyball, tennis, boxing and gymnastics.
It will have a seating capacity of 18,000 spectators.
The project is scheduled for completion by 2030.
QIC’s other major projects include an e-sports arena, the National Tennis Centre, Prince Mohammed Bin Salman Stadium, a motorsports track, a racecourse, the Dragon Ball and Six Flags theme parks, and Aquarabia.
QIC opened the Six Flags theme park to the public in December last year.
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READ THE JUNE 2026 MEED BUSINESS REVIEW – click here to view PDFGCC looks beyond the Strait; Iraq’s reform window narrows as fiscal assumptions shatter; MEED Top 100 companies.
Distributed to senior decision-makers in the region and around the world, the June 2026 edition of MEED Business Review includes:
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