The 26th edition of the Water, Energy, Technology and Environment Exhibition (WETEX) will host a series of workshops and discussion sessions on the facilities and strong attractions that the Emirate of Dubai provides to companies and institutions wishing to establish new companies or establish a foothold in Dubai. This comes in response to the increasing inquiries from companies and institutions from around the world about the procedures for opening headquarters and offices in the UAE and the Emirate of Dubai.
Dubai Electricity and Water Authority (DEWA) stated in a press release that the workshops highlight the flexible regulatory and legislative frameworks in Dubai, the diverse investment options available in different sectors, the ideal opportunities and promising prospects for doing business, the reliable digital infrastructure, security and safety, and all the elements that enhance the confidence of investors and businessmen, and make Dubai a global destination for investment and the ideal choice for investors and entrepreneurs locally and globally.
Dubai Electricity and Water Authority (DEWA) is organising WETEX under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, from 1 to 3 October 2024 at the Dubai World Trade Centre.
HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) and Founder and Chairman of WETEX, said: “The exhibition is a global platform to identify market needs, future projects, and opportunities to participate in renewable and clean energy projects and programmes in the UAE and the region, explore investment opportunities, build business relationships, conclude deals, enhance business opportunities, and meet with leading companies, decision-makers, and investors from around the world under one platform. He added: “Over the years of the exhibition, we have noticed an increasing interest from investors, entrepreneurs, and exhibiting companies to establish their headquarters and offices in Dubai.”
He explained that the Authority is considered one of the leading national entities in attracting investors from the public and private sectors, and the projects implemented by the Authority according to the independent producer model attracted projects worth 43.6 billion dirhams over 10 years.
Dubai provides an ideal business environment for investors. According to Financial Times – fDi Markets data, Dubai maintained its first place globally in attracting foreign direct investment projects for the third consecutive year in 2023. In 2023, Dubai attracted 1,650 foreign investment projects worth more than AED 39.2 billion, and these projects contributed to the creation of about 45,000 job opportunities. The UAE offers investors more than 40 multi-disciplinary free zones. These cities are characterized by their highly efficient infrastructure and diverse and distinguished services that facilitate the work of companies, saving time and effort for investors. Free zones allow non-Emiratis to have full ownership of projects at a rate of 100%.
Expo City Dubai provides a launch pad for businesses to expand and grow, offering a unique platform within a digital and physical environment that enhances communication and encourages the exchange of knowledge and expertise, within a comprehensive, innovative and growing business community that offers a distinctive range of free zone services. Her Excellency Reem bint Ibrahim Al Hashimy, Minister of State for International Cooperation and CEO of Expo City Authority Dubai, said that Expo City Dubai provides a model for sustainable urban living, relying on renewable energy from the Mohammed bin Rashid Al Maktoum Solar Park, and we are committed to driving progress for the benefit of people and the planet.
“This approach, coupled with the free zone’s enabling environment and our strategic location at the heart of Dubai’s future growth, attracts organisations focused on innovation and sustainability,” she added.
“Global events such as WETEX play a vital role in attracting investors and businesses to our city, and we are proud to strengthen our long-term relationship with DEWA to drive Dubai’s economic agenda and commitment to achieving climate neutrality by 2050,” Her Excellency stressed. Abdulla Al Hashimi, Chief Operating Officer, Parks and Free Zones, DP World GCC, said: “Our commitment to sustainability at DP World is a testament to the progress we have made towards our goals of reducing our carbon footprint by 42% by 2030 and achieving net zero carbon by 2050. We have already seen our carbon emissions in our operations reduce by around 50% across the UAE, thanks to our 100% reliance on renewable energy sources from DEWA.”
He added: “We look forward to discussing the latest developments and solutions with our customers and industry leaders during WETEX, exchanging expertise on our transition towards using environmentally friendly energy, and exploring partnerships that support our vision to achieve our sustainable goals.”
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