Renewable energy firm sets up Dubai office
Dubai, April 11, 2011
Rubenius, an alternative energy and smart grid enabler, has selected Dubai to establish its global operations offices and expand into promising worldwide markets.
Rubenius decided to locate in Dubai – a strategic location between Europe and Asia – which boasts excellent connectivity, business-friendly environment and easy access to global project financing.
“Dubai and the UAE are leading the region in embracing and advocating smart energy choices. Rubenius choosing Dubai as the ideal platform to develop and export its capabilities means Dubai is acquiring new competencies and the capacity to bring strategic investments to other countries, while being a preferred investment destination,” said Fahd Al Gergawi, chief of Dubai FDI, the emirate's official foreign investment office.
“Dubai’s business friendly environment and incentives, such as full exemption from income and corporate taxes, high-tech facilities and infrastructure, as well as a dynamic real estate sector offering family-oriented conveniences were also major factors that influenced our decision,” added Claus Rubenius, chairman of Rubenius.
Rubenius’ next step is to set up a $4 billion, 1 GW energy storage system, called Energy Warehouse Number 1, in Mexico and follow it up with similar systems in Brazil, Russia, China, India, South Africa and several other emerging economies around the globe.-TradeArabia News Service
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