UAE News Today : Politics

DEWA partners with Dubai Chambers to drive sustainable economic development

HE Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), welcome Mohammad Ali Rashed Lootah, Chairman and CEO of Dubai Chambers. The meeting supports the mutual objectives of DEWA and Dubai Chambers to enhance cooperation to achieve their common goals of sustainable economic development in Dubai and strengthen its position as a global financial center. The meeting also aimed to exchange knowledge on various aspects of excellence, innovation and sustainability and highlight DEWA’s best practices and experiences, supporting Dubai Chambers’ efforts to develop the business environment through innovative business solutions.

HE Saeed Al Tayer said that in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, DEWA, As a leading government organization, it is committed to developing and enhancing its strategic relationships with various government departments and organizations. The objective is to foster collaboration and achieve the desired integration of all UAE government entities.

HE Al Tayer highlighted the support of DEWAport for Dubai Urban Master Plan 2040, whose objective is to encourage greater economic activity and attract foreign investment to new sectors. DEWA recognizes the importance of this ambitious plan in shaping the future of Dubai’s urban landscape. Al Tayer reaffirmed DEWA’s commitment to providing full support and expertise to ensure the successful implementation of the plan. DEWA’s extensive experience in sustainable development and digital transformation will be instrumental in achieving the objectives outlined in Dubai’s Urban Master Plan 2040.

HE Saeed Mohammed Al Tayer highlighted DEWAThe Independent Power and Water Producer (IPWP) model that encourages foreign investment. This model has successfully attracted international investors and promoted sustainable development in the energy sector. Through this model, DEWA attracted investments worth AED 40 billion, enhancing its capabilities to provide sustainable energy and water to Dubai.

Mohammad Ali Rashed Lootah expressed his appreciation for DEWA’s critical role in providing advanced and sustainable infrastructure that aligns with the needs of Dubai’s dynamic business community. He highlighted that Dubai ChambersThe current cooperation with DEWA contributes to improving the Emirate’s favorable business environment and attracting foreign direct investment, in line with the ambitions of the Dubai Economic Agenda (D33) and the strategic priorities of the Chambers.

swag He reaffirmed the Chambers’ commitment to working in partnership with all government entities to achieve the vision of wise leadership. These collaborations create an environment conducive to business growth, enhance the competitiveness of the business community and play a central role in attracting international companies of all sizes to the Emirate, cementing Dubai’s position as a leading hub for business and investment in the heart of the global economy.

News source: Dubai Press Office

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