ME Newswire
Dubai, United Arab Emirates - Monday, September 2nd 2013
ENPARK (Environment and Energy Park), a member of TECOM Investments and a free zone dedicated to facilitating and fostering growth of the energy and environment industry in the region, witnessed growth of 26 per cent during the first half of 2013. This significant increase saw the free zone awarding licences to eight new companies operating within the park.
The announcement was made ahead of GulfSol, the first dedicated exhibition to the PV and Solar industries in the MENA region due to take place from 3rd to 5th September 2013, 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 Pte Ltd, 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 reduced by 12 per cent. The report noted that regional investment topped $2.9 billion (Dh10.6 billion), indicating that the sector is undergoing a transformation from niche market to regional phenomenon.
Saeed Bin Ghubash, Director, ENPARK commented: “The demand for sustainable energy solutions is 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. 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.
“GulfSol is an excellent platform for ENPARK to network with like-minded professionals and to 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.”
ENPARK 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.” Saeed concluded.
Other multinational companies who signed up for licenses at ENPARK also include LUKOIL Overseas Service, a subsidiary of LUKOIL’s international oil and gas production and exploration projects, Petronor Group Limited an oil and gas industry service provider and United Safety International, a leading industrial safety services company.
ENPARK concentrates on four specific sectors: renewable energy, the environment, green building, and recycling and solid waste management. The park also focuses on international benchmarking to secure global competitiveness in these fields.
-ENDS-
About ENPARK
ENPARK, a member of TECOM Investments, is a free zone business park dedicated to facilitating and fostering the growth of the alternative energy and environmental industries. Established in 2006, ENPARK is strategically focused on developing a diversified knowledge-based economy in line with UAE’s Economic Vision 2021 and developing the local talent pool.
ENPARK focuses on the energy, renewable energy, green building, recycling, and solid waste management sectors.
ENPARK provides resources for environmental and energy companies to establish themselves in the relatively untapped market of Dubai, giving businesses easy access to the Middle East and North Africa. These include: first-class infrastructure in conjunction with DuBiotech, its sister business park under TECOM’s Sciences Cluster, free- zone benefits, comprehensive support system and a number of value added services such as programmes, partnerships and amenities to facilitate synergies that favour innovation, growth and development.
More than 45 companies, from clean-tech start-ups to large energy multinationals, operate under ENPARK’s licences.
For more information, please visit: www.ENPARK .ae
Contacts
Layla Haroon
Bell Pottinger Middle East
+971 55 636 0425
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