The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
DUBAI/ GULF TIME
In a significant stride towards environmental sustainability, GulfDrug proudly announces the successful completion of its innovative solar energy project, aligning with the global environmental dialogue at COP28, held recently in Dubai. This project marks a pivotal moment in GulfDrug’s commitment to addressing the challenges of climate change and contributes to the UAE’s vision of a carbon-neutral future and investment in clean energy.
As a leading player in the pharmaceutical and medical supplies sector in the UAE, GulfDrug’s sustainable-energy project showcases its dedication to enhancing both the quality of life and the overall health standards within the community. With a keen sense of social responsibility, GulfDrug has embarked on an initiative to harness solar photovoltaic systems, strategically deploying more than 630 kilowatts in its warehouses in Umm Ramool and Al Quoz. It is a remarkable initiative as the solar energy solutions will power over 70% of each facility’s annual consumption.
This milestone propels GulfDrug’s sustainable energy initiatives and is estimated to generate 1.02 gigawatts of clean energy annually. In addition, it will offset a substantial 212 tons of carbon dioxide—equivalent to removing 41,920 vehicles from the roads. In collaboration with City Solar, this project underscores GulfDrug’s ongoing dedication to environmental sustainability, echoing the company’s overarching goal of contributing to the UAE Vision 2050.
Mr. Rashad Al-Moosa, Joint Managing Director, and Member of the Board of Directors at GulfDrug, expressed his excitement about the project, stating, “This outstanding achievement aligns seamlessly with GulfDrug’s vision and aspirations, recognizing the critical role of reducing carbon emissions across sectors for a sustainable future. By investing in solar energy, we drive down operational costs and contribute to overall economic stability—clear goals translating into tangible results as we move towards a better future.”
The completion of GulfDrug’s pioneering solar energy project is a testament to its unwavering commitment to environmental sustainability and social responsibility, heralding a better and more sustainable tomorrow.