A project that highlights the emirate's position and its continued ability to attract foreign direct investment

Dubai is building a waste-to-energy plant at a cost of 4 billion dirhams

• The Dubai Waste Treatment Center will treat 5,666 tons of solid waste per day.

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"Dubai Holding Company" announced its partnership with a consortium that includes the Emirati “Dubal Holding”, Japanese “Itochu”, “Hitachi Zusen Innova”, based in Zurich, the Belgian “Bessex” group, and the “Tech Group” group, based in the UAE. To create one of the world's largest plants for converting waste into energy.

A statement issued yesterday stated that the cost of the project is about four billion dirhams, while a consortium of companies will build and operate it with Dubai Municipality, under a franchise for 35 years, pointing out that this historic partnership between the public and private sectors represents one of the largest and most prominent investments in the energy sector. Renewable at the level of the Emirates.

According to the statement, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, gave the signal to start the implementation of the project, which will be developed in accordance with international environmental standards, with a capacity of about 1000 trucks loaded per day, noting that the foundation works and the preparation of the site Fast-paced, and according to schedule.

Waste treatment

The project, called “Dubai Center for Waste Treatment” in the Warsan region, will have the capacity to treat 5,666 tons of municipal solid waste that the emirate produces daily, and it will convert about 1.9 million tons of waste annually into renewable energy, which will feed the local electricity grid with about 200 megawatts of clean energy.

This facility is expected to treat up to 45% of Dubai's current municipal waste volume, which greatly reduces the amount of municipal waste that goes to landfills.

During peak operations, a team of 2,500 workers and about 16 tower cranes, including some of the world's largest tower cranes, will be working on the project to install equipment at the facility.

In support of the United Nations goals for sustainable development, the station will also contribute to achieving the plans set by the Dubai Municipality to reduce the amount of solid waste transferred to landfills, and to develop alternative sources of energy generation, as well as contribute to establishing a sustainable and environmentally friendly system in the field of waste management across the emirate, and support Achieving the goals listed in the Dubai Clean Energy Strategy 2050.

Project financing

According to the statement, the project will be funded with the support of a loan facility of a total value of $ 900 million that has been concluded with the «Japan Bank for International Cooperation - GPIC», and other financial institutions, including: «Societe Generale Bank», «KFW IBEX», « Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, Mizuho Bank Limited, Siemens Bank, and Credit Agricole Bank.

Nippon Export and Investment Insurance Company will also provide insurance coverage for part of the loan provided by the aforementioned financial institutions.

Foreign investment

The managing director of Dubai Holding, Khaled Al Malik, said that this huge investment from a group of companies that formed a coalition together, in addition to our agreement with Dubai Municipality, comes as further evidence of international confidence in the strength and resilience of the UAE market, and Dubai’s excellence, its leadership position and its ability to attract investment. The direct foreigner, despite all the current global economic challenges.

He added: “Through our partnership with this strong coalition of strategic and financial investors, we are moving forward in implementing our commitment to continuously support the emirate’s economic growth and diversification strategy.

Based on our position as a national company with a high sense of responsibility, we are committed to achieving the United Nations goals of sustainable development, and we are always keen that everything we do is for a better tomorrow.

Strategic pivots

For his part, the Director General of Dubai Municipality, Dawood Al Hajri, affirmed that the construction work of the "Dubai Center for Waste Treatment" is proceeding in full swing, according to the specified timetable, pointing out that the most important strategic axes in this project are to promote environmental preservation and reduce carbon emissions. Reducing the sending of waste to landfills, reinvesting lands, and achieving Dubai's strategy to shift towards clean energy.

He added, "Dubai Municipality is working to create an attractive environment for investment in many of its projects to give a strong impetus to the diversified economy that characterizes the emirate."

Tech Group: Dubai's commitment

The CEO of Tech Group, Shiraz Hassan, said: “We are excited about our role in this project to convert solid waste into clean energy, especially as it is one of the largest projects of its kind in the world.

The project is also a strong testament to Dubai's commitment to building a less polluted and more sustainable future. ”

Dubal: A unique project

The Acting Executive Director of Dubal Holding, Ahmed Hamad bin Fahd, said: “Through this project, Dubai confirms its pioneering position as a model to be followed in the completion of unique projects, and I am confident that it will provide an inspiration to the entire region to implement such projects that benefit future generations.” .

Itochu: Renewable Energy

The chief executive of project operations, from Itochu’s Maritime and Space Affairs division, Shinichi Apuraya, said that by making use of the company's portfolio of projects similar to the station, Itochu is looking to enhance its contribution to achieving the reduction of harmful impacts on the environment and increasing reliance on resources Renewable energy.

Hitachi Zossen: a new market

Bruno Frederick Baudouin, CEO of Hitachi Zossen Innova, said: “We are pleased that the Dubai Municipality has chosen the technology that our company provides, and we see in the project an opportunity to enter the company into a new market and add new experiences to its work teams, as we look forward to participating in more projects in the East. Al-Awsat, and employing our expertise in the region ».

Basics: Dubai’s leadership

Pierre Seronval, Chief Operating Officer of the "Basics" Group, confirmed that Dubai, through the construction of the solid waste-to-energy plant in Warsan, confirmed its pioneering role in the fields of sustainability and environmental protection.

We thank all the partners involved in developing the project for their trust, perseverance and great cooperation.

The project treats 1.9 million tons of waste annually and turns it into clean energy.

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