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Dubai / WAM
The Dubai Electricity and Water Authority (Dewa), is participating in the Annual Investment Meeting (AIM) 2019, that began on Monday at the Dubai World Trade Centre and will conclude on April 10.
At the AIM, which has been organised by the Ministry of Economy, Dewa is showcasing its key projects and
initiatives, and robust infrastructure, as part of its strategy to support the vision of the wise leadership in making the UAE a key centre for global economy, and strengthen Dubai’s position as a preferred destination for investors.
It will also be promoting its Independent Power Producer (IPP), projects at the Mohammed bin Rashid Al Maktoum Solar Park, the world’s largest solar power project, with a generation capacity of 5,000 megawatts by 2030 and total investments of AED50 billion.
“The UAE has become the world’s preferred investment destination, thanks to the vision of the wise leadership that provides all the necessary facilities for investors in a legislative environment that attracts investments. In Dubai, we work in line with the directives of the wise leadership to provide a robust infrastructure for electricity and water to enhance the business environment. The UAE, represented by DEWA, came first for the second consecutive year for getting electricity, as per the World Bank’s Doing Business 2019 report,” said Saeed Mohammed Al Tayer, MD and CEO of DEWA.
“The Eight Principles of governance in Dubai, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, show that Dubai is a global hub that focuses on creating economic opportunities. Dubai’s growth is driven by three factors: a credible, resilient and excellent government; an active, fair and open private sector; and public and government-owned flagship companies that compete globally and move the economy locally. Since its inception, the Mohammed bin Rashid Al Maktoum Solar Park’s projects have received considerable attention from global developers,” Al Tayer added.
At its stand (B-40) in Hall 6, DEWA displays a model of the Green Charger for electric vehicles. DEWA has built over 200 Green Chargers across Dubai. It also features a model of its new headquarters named Al-Sheraa, which will be the tallest, largest, and smartest government net-zero-energy building in the world. It is also highlighting its Shams Dubai initiative to connect solar panels on buildings to the electricity grid. So far, DEWA has connected 1,267 sites with a total capacity of 81.3MW.
The 9th AIM is expected to attract over 20,000 visitors, 150 delegates, and 450 exhibitors from 150 countries around the world.