logo
Dubai Chamber of Commerce organises workshop on D33 Industry Friendly Power Policy with the participation of 46 private sector representatives

Dubai Chamber of Commerce organises workshop on D33 Industry Friendly Power Policy with the participation of 46 private sector representatives

Mid East Info7 days ago
Session held in collaboration with the Dubai Electricity and Water Authority (DEWA) and the Dubai Department of Economy and Tourism DET
Dubai, UAE – Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, recently held a virtual workshop on the D33 Industry Friendly Power Policy in partnership with Dubai Electricity and Water Authority (DEWA) and the Dubai Department of Economy and Tourism (DET). The session, which was organised by the chamber's Centre for Responsible Business, brought together 46 representatives from the private sector to explore the policy's objectives, eligibility criteria, and business benefits
The D33 Industry Friendly Power Policy is designed to support and accelerate sustainability ambitions and promote the transition to a green economy in the emirate, in line with the Dubai Economic Agenda (D33). The policy enables manufacturers, data centres, and agri-tech entities to install solar energy systems for internal use, generating the power required to meet their demands and reduce energy costs. The initiative is designed to contribute to increasing the share of clean energy in Dubai's energy mix.
The workshop covered the technical requirements and eligibility criteria for benefiting from the policy, which aims to support the industrial sector by reducing the cost of doing business, achieving clean energy targets, and accelerating decarbonisation efforts to reach carbon neutrality in Dubai.
The session comes as part of a series of workshops organised by Dubai Chamber of Commerce in cooperation with DEWA and DET to familiarise the private sector with the benefits and mechanisms of the D33 Industry Friendly Power Policy and its role in empowering companies to lead sustainability efforts in targeted sectors.
The Centre for Responsible Business plays a pivotal role in advancing responsible and sustainable practices in Dubai. It is committed to encouraging companies to adopt best-in-class Environmental, Social, and Governance (ESG) standards that enhance performance and competitiveness, while also strengthening their social and environmental contributions. The centre offers a range of platforms, tools, and knowledge resources to help businesses integrate governance, sustainability, and social responsibility throughout their corporate practices.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Crédit Agricole Egypt and Infinity Join Forces to Accelerate Transition to Solar Energy
Crédit Agricole Egypt and Infinity Join Forces to Accelerate Transition to Solar Energy

Tahya Masr

timea day ago

  • Tahya Masr

Crédit Agricole Egypt and Infinity Join Forces to Accelerate Transition to Solar Energy

Crédit Agricole Egypt has entered into a partnership with Infinity to accelerate the transition to solar energy for individuals by making clean energy solutions more accessible and affordable. The signing ceremony was attended by Mr. Jean-Pierre Trinelle, Managing Director of Crédit Agricole Egypt, and Mr. Ashraf El Bishry, General Manager of Infinity, along with senior representatives from both entities. Through this partnership, Infinity's customers will have access to Crédit Agricole Egypt's solar loan—a tailored financing solution offering preferential interest rates and repayment terms up to seven years. The loan enables individuals to invest in a range of solar products —including solar home solutions for residential clients — effectively reducing financial barriers and encouraging the adoption of sustainable energy systems. This agreement aims to raise awareness about the environmental and economic benefits of solar energy, empowering individuals to make more eco-conscious decisions and contribute to a greener future. It also aligns with Egypt's Vision 2030 and the Central Bank of Egypt's sustainable finance principles, reinforcing broader efforts to embed ESG principles into financial practices, diversify the energy mix, and reduce carbon emissions. Jean-Pierre Trinelle, Managing Director of Crédit Agricole Egypt said: 'At Crédit Agricole, sustainability is central to our mission, and we are committed to carbon neutrality by 2050 for both our own operations & financed emissions. Through this partnership, CAE continues to reflect its customer-centric approach by offering accessible green financing solutions tailored to meet our customers' evolving needs. By combining our financial expertise with Infinity's leadership in solar energy technology, we are expanding our impact, and advancing our long-term commitment to the energy transition.' Nevine Shokry, Head of proximity Banking of Crédit Agricole Egypt added: 'At Crédit Agricole Egypt, our green finance solutions reflect our commitment to helping customers take meaningful steps towards sustainability. This collaboration with Infinity embodies our shared belief that real success lies in empowering individuals, supporting communities, and protecting our planet.' Commenting on the strategic partnership, Mohamed Ismail Mansour, Co-Founder and CEO of Infinity, said: "At Infinity, we are committed to supporting the widespread adoption of clean, renewable energy solutions that can positively impact people's lives and the environment. This partnership with Crédit Agricole Egypt is an important step in making solar energy more accessible to households across the country. By combining financial innovation with practical, scalable technology, we are enabling individuals to become active participants in Egypt's clean energy future." Eng. Nayer Fouad, Co-Founder and CEO of Infinity, further added: "This collaboration reflects our mission to deliver real, tangible solutions that support Egypt's clean energy goals. By working alongside a trusted partner like Crédit Agricole Egypt, we are not only making renewable energy more attainable but also fostering greater awareness around the benefits of solar adoption at the individual and household levels. It's another milestone in our journey to drive long-term environmental and economic value.' Infinity, established in 2014, is Egypt's leading provider of renewable energy solutions, delivering clean power solutions across all sectors and scales. The company develops, finances, and operates utility-scale and decentralized solar projects. Infinity is the largest Egyptian contributor to the Benban Solar Park, Africa's largest photovoltaic power station, with an estimated capacity of 1,465 MW. Since 2018, Infinity has also built the largest and fastest-growing EV charging network in Egypt, with more than 700 charging points across 16 governorates. Backed by institutional shareholders such as Africa Finance Corporation (AFC) and the European Bank for Reconstruction and Development (EBRD), Infinity is positioned at the forefront of Egypt and Africa's energy transition journey . Crédit Agricole Egypt is a subsidiary of the Crédit Agricole Group, one of the largest banks worldwide, and is the sole French bank operating in Egypt. Established in 2006, Crédit Agricole Egypt has become an active player in Egypt's financial industry, serving around 500,000 individual, SME, and corporate clients. The bank offers a comprehensive range of banking products & services, as well as state-of-the-art digital banking solutions. Crédit Agricole Egypt's key goal is customer satisfaction, by valuing and prioritizing their best interests. Demonstrating its strong commitment to sustainability, Crédit Agricole Egypt was the first bank in Egypt and North Africa to receive the prestigious Platinum LEED certification for its head office in recognition of its environmentally responsible design, which incorporates a solar panel station that helps reduce CO₂ emissions. Further advancing the green transition, Crédit Agricole Egypt has signed a facility agreement with the European Bank for Reconstruction and Development (EBRD) under the Green Energy Finance Facility (GEFF) and the Global Climate Fund (GCF), to support businesses investing in energy efficiency and renewable energy projects'

Dubai Chambers to host Dubai Business Forum – USA in New York this November to highlight D33 investment opportunities
Dubai Chambers to host Dubai Business Forum – USA in New York this November to highlight D33 investment opportunities

Mid East Info

time2 days ago

  • Mid East Info

Dubai Chambers to host Dubai Business Forum – USA in New York this November to highlight D33 investment opportunities

H.E. Mohammad Ali Rashed Lootah: 'Dubai is continuing to strengthen its position as a global model for business empowerment, and strategic partnerships that contribute to economic growth.' The forum seeks to unlock new channels for capital inflows and strategic investments from the United States to Dubai, while showcasing the emirate's robust economic fundamentals and competitive advantages. Dubai, UAE – Dubai Chambers has announced that the fourth international edition of the Dubai Business Forum will take place in New York City on 12 November. The forum aims to introduce the American business community to the diverse opportunities created by the Dubai Economic Agenda (D33). The Dubai Business Forum – USA is designed to unlock new channels for capital inflows and strategic investments from the United States to Dubai while showcasing the emirate's robust economic fundamentals and competitive advantages, including its advanced infrastructure, pro-business legislation, and innovation-driven environment. The forum will highlight Dubai's advantages as a launchpad for U.S. companies expanding into high-growth markets across the Middle East, Asia, and Africa. Positioned as a high-level platform, the forum will bring together prominent business leaders and policymakers to explore mutual economic priorities and discuss collaboration in strategic sectors. The event's sessions will provide opportunities to exchange insights on the current and future trends shaping global business and spotlight emerging opportunities for bilateral cooperation. The forum comes as part of Dubai Chambers' ongoing efforts to expand its global network and reinforce Dubai's position as a preferred destination for foreign direct investment. The event will feature in-depth discussions on how U.S. investors and companies can benefit from Dubai's pro-growth business environment and explore new avenues for joint ventures and investment between the business communities in both markets. H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: 'Dubai is continuing to strengthen its position as a global model for business empowerment, and strategic partnerships that contribute to economic growth. By hosting the Dubai Business Forum – USA in New York, we aim to enhance bilateral trade and investment ties and pave the way for new paths for collaboration that drive mutual growth and sustainable economic development.' New York was selected to host this edition of the forum due to its significance as a global financial and business centre, making it the ideal location for a strategic event of this calibre. The forum will bring together key stakeholders from Dubai and the United States to explore collaborative opportunities, as well as highlighting the advantages of Dubai's dynamic business ecosystem and how these support the global expansion of American companies. The event marks the fourth international edition of the Dubai Business Forum. The inaugural international edition was held in Beijing, China, which was followed by events in London, United Kingdom, and Hamburg, Germany. Through the forum, Dubai Chambers aims to advance strategic economic partnerships, enhance cross-border trade, unlock new investment opportunities locally and internationally, and drive business growth between Dubai and leading global markets. About Dubai Chambers: Dubai Chambers is a non-profit public entity that supports Dubai's vision as a global player by empowering businesses, delivering innovative value-added services, and unlocking access to influential networks. In March 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the restructuring of Dubai Chamber of Commerce and the formation of three chambers for the emirate, namely Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, which now operate under the umbrella of Dubai Chambers.

Dubai Chamber of Digital Economy highlights benefits of participating in Expand North Star 2025 to over 2,000 digital companies in 16 global cities
Dubai Chamber of Digital Economy highlights benefits of participating in Expand North Star 2025 to over 2,000 digital companies in 16 global cities

Mid East Info

time4 days ago

  • Mid East Info

Dubai Chamber of Digital Economy highlights benefits of participating in Expand North Star 2025 to over 2,000 digital companies in 16 global cities

Chamber successfully organises roadshows with visits to nine countries Expand North Star, the world's largest event for startups and investors, will take place at Dubai Harbour from 12 – 15 October this year. • The roadshows covered Australia, Canada, France, Germany, Portugal, Singapore, the United Kingdom, the United States, and Vietnam. Dubai, UAE – Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has concluded its global roadshows in partnership with Dubai World Trade Centre for Expand North Star 2025, the world's largest event for startups and investors. The upcoming edition of the exhibition will be hosted by the chamber at Dubai Harbour from 12 – 15 October. The campaign included visits to 16 cities across Australia, Canada, France, Germany, Portugal, Singapore, the United Kingdom, the United States, and Vietnam. The chamber engaged with representatives from over 2,000 digital startups and more than 215 ecosystem stakeholders, including venture capital funds, digital business incubators, and relevant government entities. These meetings highlighted opportunities for collaboration and partnerships aimed at attracting digital companies to Dubai and showcased the benefits of participating in Expand North Star 2025. Organised by Dubai World Trade Centre and hosted by Dubai Chamber of Digital Economy, Expand North Star brings together the world's leading startups, innovators, investors, entrepreneurs, and digital leaders to explore the unique growth opportunities offered by Dubai and contribute to shaping the future of the digital economy. The roadshows featured presentations on Dubai's competitive advantages and the comprehensive support offered by the chamber to digital startups seeking to expand into the emirate. It also included pitch competitions showcasing innovative ideas, with the winner in each city receiving a fully sponsored opportunity to participate in Expand North Star 2025. Additional competitions were held for a chance to qualify for the final stage of the Supernova Challenge, the region's largest startup pitch competition, which will be held as part of the exhibition. Expand North Star 2025 further strengthens Dubai's appeal as a global destination for entrepreneurs and digital companies, offering a platform for innovation and collaboration while fostering connections with influential players from across the global technology landscape. Dubai Chamber of Digital Economy remains committed to driving the success of Dubai's digital ecosystem and accelerating the emirate's transformation into one of the world's leading digital economies, in line with the objectives of the Dubai Economic Agenda (D33). Expand North Star forms a key pillar of the chamber's strategy to cement Dubai's position as a leading global hub for innovation and advanced technologies, as well as drive sustainable economic growth and development in the emirate and beyond.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store