Infrastructure
the licensed institutions
to ensure compliance
with the laws related to
commercial activities
especially federal laws,
particularly the Anti-
Commercial Fraud Law,
Consumer Protection,
Commercial Transactions
and on Commercial
Agency.”
H.E. Al Qamzi added that
DED will continue to
develop Dubai’s business
environment to remain
competitive in line with
the emirate’s world-class
infrastructure. “We are
guided by the vision of
His Highness Sheikh
Mohammed Bin Rashid
Al Maktoum, UAE Vice
President and Prime
Minister and Ruler of
Dubai, to make Dubai a
preferred place to live,
work and visit as well as a
smart and sustainable city
and a pivotal hub of the
global economy by 2021,”
he said.
The MOU signing
ceremony concluded
with a tour of the DAFZA
Square for the DED
delegates. The group
visited the Square’s
modern facilities such
as the new Business
Center and Auditorium
equipped with state-of-
the-art technology and
equipment to provide a
unique quality experience
for the freezone’s
investors.
At the end of the tour,
H.E. Dr. Al Zarooni and
H.E. Al Qamzi visited GE
Aviation’s Middle East
Aerospace Technology
Center which provides
data analysis, bandwidth
and software capabilities
to increase productivity
and reduce downtime
for dealers using ‘Predix,’
the cloud-based software
platform for all of GE’s
industrial Internet
applications. Launched
in November 2015, the
Center, is contributing
to upgrades on General
Electric systems and
engines from DAFZA
and plays a major role
in supporting GE’s
customers and products
in the region.
DEWA awards
AED14.2 billion
largest CSP
project in the
world with a
record bid of
USD 7.3 cents
per kW/h
to generate
700MW
D
ubai Electricity and
Water Authority
(DEWA) has achieved
another world record by
awarding the 700MW
AED14.2 billion fourth
phase of the Mohammed
bin Rashid Al Maktoum
Solar Park. This is the
largest single-site
Concentrated Solar
Power (CSP) project
in the world, based
on the Independent
Power Producer (IPP)
model. The contract is
awarded to a consortium
comprising Saudi Arabia’s
ACWA Power and China’s
Shanghai Electric.
September 2017
27