WETEX to inspire firms to set up their presence in ‘Dubai Green Zone’

Dubai / WAM

The 18th Water, Energy, Technology, and Environment Exhibition (WETEX 2016), organised will showcase the ‘Dubai Green Zone’ project to encourage established and start-up companies, to set up their presence in the emirate and provide them with an ideal business environment to develop and market their green, sustainable technologies.
WETEX 2016 is organised in line with directives from His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and under the patronage of H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance, and President of Dubai Water and Electricity Authority (DEWA). The event will be held from October 4-6 at Dubai International Convention and Exhibition Centre and will coincide with the first Dubai Solar Show 2016 under the umbrella of the third Green Week.
This will be assured by providing a comprehensive solution spanning state-of-the-art infrastructure through a ‘Dubai Green Zone’ as Dubai aims to become the city with the least carbon footprint in the world by 2050.
Dubai Green Zone comes under the infrastructure pillar of the Dubai Clean Energy Strategy 2050 launched by HH Sheikh Mohammed bin Rashid that aims to transform Dubai into an international hub for clean renewable energy and green economy. WETEX will play an instrumental role in familiarising global organisations and international research bodies with the concept of the Green Zone to discuss setting up regional headquarters within the zone.
“Dubai Clean Energy Strategy 2050 launched by HH Sheikh Mohammed bin Rashid Al Maktoum has set an ambitious target of generating 5,000 MW of solar power through the Mohammed bin Rashid Al Maktoum Solar Park by 2030, which will represent 25 per cent of Dubai’s total energy production. Upon completion, the Solar Park will contribute to reducing more than 6.5 million tonnes of carbon emissions yearly,” said HE Saeed Mohammed Al Tayer, DEWA’s MD and CEO and Founder and Chairman of WETEX.
“The infrastructure pillar of Dubai Clean Energy includes the establishment of Dubai Green Zone, a free zone dedicated to attracting R&D centres and emerging companies in the field of clean energy. The strategy’s third pillar is also related to finding funding solutions for investment in R&D in clean energy applications. Under this pillar is also the establishment of the Dubai Green Zone. The Fund worth AED 100 billion, will provide easy loans for investors in the clean energy sector in the emirate,” Al Tayer added.
“Dubai Green Zone will meet those expectations as it will bring together manufacturers, solutions and technology providers, to set up a 360 degree cycle to activate a sustainable development process. During WETEX, we will showcase the complete concept of the Green Zone,” Al Tayer concluded.