Eight new ENPARK licenses awarded in past six months
Dubai, UAE: 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.
