Empower lauds UAE mega project launch
Dubai, December 23, 2012
Emirates Central Cooling Systems Corporation (Empower), a leading district cooling provider in the Middle East, has lauded the UAE’s milestone achievements in the fourth quarter exemplified by investments in major projects, including the Khalifa Port in Abu Dhabi.
This strategic move is expected to give a major boost to trade and economic sectors in a short period of time across the country, said a top official.
“The UAE unveiled a series of mega projects projects in the fourth quarter, especially the Khalifa Port project which consolidates the country’s position in marine trade, logistic services and container transport,” remarked Ahmed Bin Shafar, the CEO of Empower.
Khalifa Port, he said, marks the start of another phase in the country's development by diversifying the economy towards value-added services.
Khalifa Port is equipped with an automated container station supported by a ready electronic system designed to meet the needs of freight and shipping sectors in the UAE.
Another project, Mohammad Bin Rashid SME Fund for supporting SMEs in Dubai, was launched to support around 100 projects for youths annually.
The fund aims to provide support to small and medium projects and create a new generation of entrepreneurs to boost the UAE economy, he noted.
“SMEs are considered the pillar of any country’s economy as they create new job opportunities and raise competitiveness and boost the dynamism of the economy. In this regard, the UAE is giving close attention to supporting SME sectors,” Bin Shafar said.
According to him, the significance of Mohammad Bin Rashid SME Fund is that it tackles a major hurdle faced by SMEs, which is the lack of funding.
Bin Shafar called upon the SMEs to invest in the district cooling and allied sectors, "in order to boost this dynamic sector in the Middle East."-TradeArabia News Service
More Construction & Real Estate Stories
- 18 Iraqi army officers killed in ambush
- GFH acquires prime UK residential property
- Plaza Premium wins Abu Dhabi Airports contract
- Engineering experts attend Autodesk conference
- Dubai $114m freehold property in big demand
- Heavy Equipment enters Qatar market
- Bahrain market to get $15.8m facelift
- Jacky’s unveils new 3D printers
- Technip wins $400m Kuwait PMC contract
- Arab investors eyeing Turkish property