Media ININ Economy We Trust
08-04-2019 Media in\ Dubai
Dubai Electricity and Water Authority (DEWA) is participating in the annual investment forum 2019, organized by the Ministry of Economy from 8 to 10 April at the Dubai International Convention and Exhibition Center. The exhibition will showcase its projects and initiatives to provide a strong infrastructure to enhance the business environment in Dubai.
During the forum, the Authority will highlight the projects implemented by the independent product system at the Mohammed Bin Rashid Al Maktoum Solar Power Complex, the largest solar project in one location in the world, with a production capacity of 5000 megawatts by 2030 with a total investment of 50 billion dirhams.
Saeed Mohammed Al Tayer, Managing Director, Dubai Electricity and Water Authority (DEWA), said: “The UAE has become the preferred investment destination in the world with the vision of a leadership that provides all the necessary facilities for investors in an attractive legislative environment. The UAE, represented by the Dubai Electricity and Water Authority (DEWA), is the world’s number one power holder for the second year in a row, according to the Doing Business 2019 report.
He added that the eight principles of government and government in Dubai, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, provide that Dubai is a global platform for creating economic opportunities and that Dubai’s growth is led by three government engines that are credible, And a private sector active and fair and open to all and a semi-governmental sector compete globally and operate the economy locally and work within the Authority in the framework of these principles, where we implement solar projects in accordance with the independent product system through which the Commission has achieved the world record in the tariff of electricity through competitive bids contributed to the low tech And attracted large investments to the state from the private sector and foreign banks.
“Since its inception, the projects of the Mohammed Bin Rashid Al Maktoum Solar Power Complex have attracted great interest from global developers, reflecting the confidence of financial institutions in the major projects adopted by the Government of Dubai, especially in the regulatory environment that stimulates innovation and investment attractiveness. All of our projects and the strong financial position of the Authority.
Through its platform No. B-40 in Hall No. 6, the Authority offers a model for the “Green Charger” stations for the shipment of electric vehicles. The Authority has completed the installation of more than 200 stations throughout the Emirate of Dubai and a model of Smart Grid Station The new building will be the tallest, largest and brightest zero-energy government building in the world. The Authority will also highlight Shams Dubai’s initiative to connect solar energy in homes and buildings to the grid, Of the 1276 sites connected to the power grid Finance up to 81.3 MW.
It is expected that the annual investment forum will attract more than 20,000 visitors, 150 delegates and 450 exhibitors from 150 countries around the world. The forum will include a series of lectures, panel discussions and workshops with the participation of leading businessmen and economists.
