The solar power tower located in the Mohammed bin Rashid Al Maktoum Solar Park in Dubai stands at an impressive height of 262.44 metres, making it the tallest in the world. This project follows the Independent Power Producer (IPP) model and has attracted investments of up to Dh15.78 billion. Its primary objective is to generate clean energy for approximately 320,000 residences, resulting in a significant reduction of carbon emissions by 1.6 million tonnes annually.
Category: Business
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Dubai Chamber Of Digital Economy Launches ‘Business In Dubai’ Platform
Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has launched ‘Business in Dubai,’ a new platform designed to further enhance Dubai’s favourable business environment by simplifying a range of processes for companies seeking to launch or expand their activities in the emirate. The initiative comes as part of the chamber’s drive to ensure an enabling business environment that empowers digital companies to thrive and contribute to the goals of the Dubai Economic Agenda (D33).
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AED 123.3 bn market size of 100 investment opportunities under ‘Abu Dhabi Channel Partners’ to enhance industrial ecosystem: ADDED
Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED) has unveiled that ADDED will provide 100 investment opportunities, with a combined market size of AED 123.3 billion (US Dollar 33.5 billion) by 2027 under the ‘Abu Dhabi Channel Partners’, launched as part of Abu Dhabi Industrial Strategy’s (ADIS) initiatives to enhance industrial ecosystem by providing detailed guides of investment opportunities and tailored incentives packages to address the needs of key players and investors.
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Azizi Developments unveils Dh30 billion Venice-inspired desert oasis project in Dubai South
Azizi Developments has unveiled a new project in Dubai South, a desert oasis community called Azizi Venice. This mixed-use development, with a price tag of Dh30 billion, will encompass 30,000 residential units. Inspired by Venice, the waterfront community will consist of 100 mid-rise apartment complexes and over 400 luxury villas and mansions.
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By empowering craftswomen, Al-Ghadeer participates in London Design Fair
Al Ghadeer Emirati Crafts, one of the projects of the Emirates Red Crescent dedicated to empowering craftswomen through traditional crafts and skills development, announced its first international appearance at the London Design Fair from September 21 to 24, where the “Tirhal” collection was launched, consisting of a number of benches woven by 16 Al Ghadeer craftswomen, as they used traditional Sadu weaving techniques from sustainable materials. This collection comes within the framework of the important role played by Al Ghadeer in the process of reviving Emirati design with contemporary aesthetics.
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Masdar, PLN NP agree to triple size of ASEAN’s largest floating solar plant
Abu Dhabi Future Energy Company PJSC – Masdar, and PLN Nusantara Power (PLN NP), have signed an agreement to develop Phase II of the successful Cirata floating photovoltaic (FPV) power plant in Indonesia by up to 500MW, in a major expansion to Southeast Asia’s largest FPV plant.
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Hamdan bin Mohammed approves new, transformational projects across key sectors
Today, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai and Chairman of the Board of Trustees of the Dubai Future Foundation, has given his approval to a series of new projects in key sectors such as transportation, aviation, urban planning, and healthcare.
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Uterra to invest $20 million in Ras Al Khaimah’s first organic fertiliser project
Uterra Middle East Agro Industries is investing $20 million in the next three years for the construction and development of Ras Al Khaimah’s first organic soil fertiliser project, which aims to revolutionalise agriculture, address environmental challenges and promote sustainability.
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UAE Non-Resident Ambassador presents credentials to Governor-General of Papua New Guinea
Jamal Al Suwaidi, UAE Ambassador to the Republic of Singapore, presented his credentials as UAE Non-Resident Ambassador to Papua New Guinea to Grand Chief Sir Bob Dadae, Governor-General of Papua New Guinea, during a ceremony held at Government House in the capital, Port Moresby.
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Mubadala Obligates US$1 Billion To Blue Owl Capital’s Technology Lending Strategy
Mubadala Investment Company (Mubadala), a global sovereign investor headquartered in Abu Dhabi, has announced the formation of a strategic partnership with Blue Owl Capital (“Blue Owl”) (NYSE: OWL), a leading alternative asset manager. The partnership involves a $1 billion commitment to Blue Owl’s Credit platform and will initially concentrate on its Technology Lending strategy, which offers financing solutions for a wide range of technology and software companies.