CALIFORNIA / WAM
Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) launched Jumeirah Energy International Silicon Valley Company, JEI Silicon Valley, a wholly-owned investment subsidiary of DEWA, at a ceremony at the Four Seasons Hotel – Silicon Valley, in California, USA.
Abdulla Alsaboosi, Consul General of the UAE in Los Angeles, was present. Also from DEWA who attended the ceremony included, Waleed Salman, Executive Vice President of Business Development and Excellence, Abdullah Obaidullah, Executive Vice President of Water and Civil, Dr Yousef Al Akraf, Executive Vice President of Business Support and Human Resources, Marwan bin Haider, Executive Vice President of Innovation and the Future, and Ahmed Abdullah, Senior Manager of External Communications.
The investment company will primarily look for opportunities linked to research and development, R&D, and innovation. It
will also enhance DEWA’s standing as a leading utility, and a sustainability and energy leader in the Middle East and North Africa
and the Gulf Cooperation Council region.
“The launch of the new investment company supports the National Innovation Strategy, launched by Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin RashidAl Maktoum, to make the UAE one of the most innovative countries in the world. DEWA gives priority to innovation, R&D, sustainability and renewable energy DEWA is the first utility from the Middle East and North Africa to establish an investment, innovation and R&D company in Silicon Valley, where the most technology deals happen in the world. This will help make Dubai the smartest, and happiest city in the world,†said Al Tayer.