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Dubai energy park posts 26pc growth

Dubai, September 2, 2013

Environment and Energy Park (Enpark), a member of Tecom Investments and a free zone dedicated to facilitating and fostering growth of the energy and environment industry in the region, has reported 26 per cent growth during the first half of 2013. 
 
This significant increase saw the free zone awarding licences to eight new companies operating within the park.
 
The Enpark revelation comes ahead of GulfSol, the first dedicated exhibition to the PV and Solar industries in the Mena region which runs from September 3 to 5 at Dubai World Trade Centre. 
 
The increase boosts the total number of companies in Enpark to 48. Amongst these are international firms and key industry players such as First Solar, Inc. the world’s premier provider of fully integrated solar solutions, and Conergy Asia & ME, a leading PV solution and service provider.
 
According to the 'Mena Renewables Status Report 2013,' more than 100 renewable energy projects including solar, wind and biomass are currently under development in the region. 
 
Renewable energy investment in the region grew by 40 per cent in 2012 compared with 2011, whereas worldwide investment in the sector fell 12 per cent. 
 
The report noted that regional investment topped $2.9 billion, indicating that the sector is undergoing a transformation from niche market to regional phenomenon.
 
Enpark director Saeed Bin Ghubash pointed out that the demand for sustainable energy solutions was increasing at a staggering rate as governments across the GCC prioritise the diversification of energy resources.
 
"The price of implementing solar energy systems has fallen approximately 50 per cent since 2008; making solar a competitive resource in addition to offering a more compelling solution in terms of sustainability," noted Bin Ghubash.
 
"At Enpark, a key part of our offering to the solar industry is the tailor-made facilities we provide to our business partners. This is essential to enable the industry to continue to thrive for the benefit of the region as a whole," he added. 
 
GulfSol, said the official, is an excellent platform for Enpark to network with like-minded professionals and discuss current trends and ideas for innovation. 
 
"We will use the event to build our relationship with industry influencers and key decision makers whilst promoting the benefits offered by Enpark to our business partners," he stated.
 
The Tecom facility provides specifically designed real estate products to organisations with a sustainability focus, tailored to each partner’s requirements with a comprehensive support system and major industry and regulatory collaboration required to establish, grow and develop.
 
“Our aim is to build a business environment that fosters foreign direct investment and facilitates the synergies that favour innovation, knowledge sharing and effective collaboration. This is essential to ensure social and economic stability,” said Bin Ghubash.
 
The other multinational companies who have signed up for licences at Enpark include Lukoil Overseas Service, Petronor Group, an oil and gas industry service provider and United Safety International, a leading industrial safety services company.-TradeArabia News Service



Tags: Dubai | Tecom | growth | Energy Park |

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