Over 76.5 per cent of companies in Dubai registered growth in their businesses during Expo 2020, while 73.5 per cent built new business relations and entered into new partnerships during Expo, a report commissioned by Dubai Chamber of Commerce indicated.
Around 70.6 per cent of respondents to the survey, conducted as part of the report, said they got benefit from the networking and business matching services provided by the Chamber.
Meanwhile, 47 per cent reported having benefitted from the Global Business Forum series and 47 per cent benefitted from bilateral meetings.
The report titled ‘Business Integration for Growth, Digital Transformation and Global Partnerships’ was developed by the Chamber in collaboration with Oxford Business Group.
In total, Dubai Chamber of Commerce organised 98 events during Expo 2020 Dubai, which were attended by more than 25,000 participants from over 130 countries. The Global Business Forums on Africa, Asean and Latin America saw the most participation, as the high-level forums were joined by government and business leaders, who attended in person and virtually.
The 12th edition of the World Chambers Congress and a series of Thematic Business Forums were also hosted by the Chamber, which were attended by chamber and industry leaders. The events identified global challenges and highlighted innovative solutions to drive sustainable economic growth.
Dubai Chamber of Commerce facilitated 1,500 bilateral business meetings between UAE investors and their global counterparts, and received 1,746 visiting delegations from over 60 countries during the mega event, which were joined by 3,350 government and business leaders.
Seven new economic and professional bodies were licenced by the Dubai Association Centre, which was established in collaboration with the Dubai Chamber of Commerce (one of the three chambers under Dubai Chambers alongside Dubai International Chamber and Dubai Chamber of Digital Economy), the Dubai Economy and Tourism and Dubai World Trade Centre.
The report reveals that revenue per available room (RevPAR) in Dubai in January 2022 increased to Dh460 ($125) compared to Dh293 ($80) in January 2021, marking an increase of 56.3 per cent and outperforming Milan, the host city for Expo 2015, which recorded RevPAR of 54.5 per cent in 2015.
There were 759 hotels and hotel establishments accounted for in Dubai in January 2022 compared to 711 in January 2021, while guest nights in January were at 3.04 million during the same month this year compared to 2.65 million in January 2021.
Arrivals at Dubai International Airport recorded growth of 12.7 per cent in 2021 compared to 2020, while the UAE’s non-oil foreign trade jumped 27 per cent over 2020 and 11 per cent over 2019, a growth trend largely driven by Expo 2020 Dubai.
6 months of culture, creativity, the meeting of minds and shaping the future. #Expo2020Dubai is one of the biggest success platforms, and the beginning of a lot of future achievements through which Dubai will astound the world. pic.twitter.com/YMjRuu2CJ6
— Latifa MR Al Maktoum (@LatifaMRM) April 1, 2022
Commenting on the report, Hamad Buamim, President & CEO of Dubai Chambers, described Expo 2020 Dubai as a historic milestone for the UAE and Dubai. He noted that the pivotal role that Dubai Chamber of Commerce played in facilitating partnerships between UAE companies and their global counterparts during Expo 2020, and expanding Dubai’s rapidly growing business ecosystem.
“Our goal is to be the best chamber in the world when it comes to driving competitiveness and growth. At Expo 2020 Dubai, we have been able to put this mission and vision into action. Our efforts in supporting the mega-event have helped to strengthen Dubai’s reputation as a place to do business”.
“Building on our long-term strategy to embrace digital transformation, we adopted a hybrid format for the Expo 2020 events. Doing so has enabled us to expand our reach and engage with public and private stakeholders from around the world,” he said.
Buamim pointed out that Expo 2020 Dubai is a stepping-stone to a resilient future shaped by innovation, international cooperation, and a more competitive and diversified economy supported by SMEs.
Kandura Rally and Hot Wheels™ Legends Tour unite for a spectacular automotive showcase in Dubai
Prepare for the thrill of Dubai’s coolest motor show Kandura Rally, now in its third consecutive year, as it powers up with an unprecedented collaboration with Mattel’s Hot Wheels Legends Tour, making its debut in the Middle East. The Hot Wheels Legends Tour offers car customizers the opportunity to have their custom car creations immortalized as a 1:64 scale Hot Wheels die-cast and celebrated by fans around the world. Featuring an astounding display of 200+ cars including supercars, modified drift, classic and 4x4s, this event is poised to become the haven for motoring enthusiasts and lovers from across the Middle East. The Hot Wheels Legends Tour celebrates the automotive fans in their drive to be legendary! Participants from across the GCC have the opportunity to register their interest across the various categories by filling out the registration form online.
Scheduled for April 13, 2024, at Dubai Autodrome in Motor City’s heart, this free-to-attend extravaganza promises an unforgettable experience with an adrenaline-charged blend of roaring engines, breathtaking displays, and a vibrant atmosphere that will captivate every auto enthusiast’s heart.
Organized by Orbit Events, this celebration captures the essence of UAE’s vibrant motor heritage, that pays homage to the Kandura, a symbol of style, pride, and identity for car enthusiasts in the Emirates for celebrating the camaraderie of UAE’s thriving car community and their profound affection for automobiles, this event seamlessly merges tradition with the love for cars, promising an unforgettable fusion of culture and automotive enthusiasm.
The Kandura Rally 3rd edition promises to be the most exciting Motorshow of the region with the collaboration with Mattel, marking the debut of the legendary Hot Wheels Legends Tour in the Middle East. The globally acclaimed Hot Wheels Legends Tour seeks a vehicle that embodies the Hot Wheels Challenger Spirit through creativity, authenticity and garage spirit, to recreate as a die-cast toy and will feature the ten finalists at the motor show. Five distinguished judges will undertake the task of selecting the entry that best exemplifies automotive innovation and craftsmanship.
This milestone introduces fresh opportunities for UAE fans to actively engage in the Kandura Rally and the Hot Wheels Legends Tour hosted in the country. Enthusiasts and attendees can also participate by voting for their favourite car for the judging panel to consider. The ultimate victor at the global grand finale, will see their car recreated as a Hot Wheels die-cast model.
“The UAE consistently presents an engaged motoring community brimming with incredible talent, each one capable of achieving legendary status at the Hot Wheels Legends Tour. The diversity, creativity, and passion in the UAE will ensure that the competition is highly creative and fiercely contested,” statesApostolis Karampatzakis, Vice President & Country Manager PEM at Mattel.
The event is free for visitors and attendees can relish a delightful evening, offering a perfect opportunity for everyone to savor delicious delights from variety of food trucks, engage in games, and immerse themselves in the lively ambiance, surrounded by awe-inspiring automotive magnificence.
Speaking about the event, Pragna Vaya, MD of Orbit Events, expressed, “We are delighted to curate an automotive event in Dubai yet again, uniting the community in a vibrant atmosphere. It is a celebration that embodies the quintessence of the UAE— celebrating the car culture, passion for motoring, and a lifestyle that reflects the essence of this beautiful nation.”
Link to Register
Registrations are open for individuals looking to secure your spot at the upcoming motor show and competition http://tinyurl.com/KanduraRally2024Registration
MI Emirates’ batting brilliance overpowers Dubai Capitals by 45 runs to emerge as DP World ILT20’s new champions
MI Emirates’s run riot crafted by their skipper Nicholas Pooran and Andre Fletcher’s half centuries, which produced the highest total this season, blew away Dubai Capitals by 45 runs to emerge as the new champions of the DP World ILT20 Season 2.
In front of a packed Dubai International Stadium, Pooran scored a breezy unbeaten captain’s knock of 57 runs off 27 balls studded with six sixes and two boundaries. He was backed by Fletcher’s 53 off 37 balls, featuring four sixes and three boundaries. Openers Muhammad Waseem and his partner Kusal Perera contributed aggressively, with Waseem scoring 43 off 24 balls, including three boundaries and three sixes, and Perera adding 38 off 26 balls, with six boundaries, leading to a 77-run opening partnership and helping MI Emirates set a record score of 208 for 3 in 20 overs.
In reply, Capitals could muster only 163 for 7 in 20 overs with Trent Boult and Vijayakanth Viyaskanth bagging two wicket each. MI Emirates received the winners’ prize of a whopping $700,000 (USD) while the runners-up received $300,000 (USD).
Chasing the mammoth total, Capitals had it tough from the start with Emirates’ Akeal Hosein, who has been regularly striking in the first over, trapping Leus du Plooy leg before, resulting in a duck. Tom Abell, when on 7, was dropped by Dwayne Bravo at mid-off by Trent Boult, but was later caught by Pollard off Rohid Khan for 14. Banton and his skipper Sam Billing pushed the score to 63 when Banton got foxed by leg spinner Vijayakanth Viyaskanth to be stumped by Pooran for 35.
Sikandar Raza, who has played many match-winning knocks for Capitals, scored just 10 runs before hitting Viyaskanth to Waseem at deep mid-wicket. Capitals, faced with the challenge of scoring 100 runs in 41 balls, saw Waqar Salamkheil remove Billings stumped by Pooran for a fighting 40. Trent Boult then struck twice to remove Rovman Powell caught by Waseem at deep midwicket and clean bowl Jason Holder for 24 to ensure his team’s victory.
Earlier, Capitals won the toss and elected to bowl. MI Emirates’ opener Waseem started with a six over long-on off Scott Kuggeleijn, while his partner Kusal Perera played some flowing drives. The pair reached their half-century partnership in 3.3 overs, with Waseem hitting two boundaries and a six off Kuggeleijn in that over. By the end of the powerplay, MI Emirates had posted 72 runs. Waseem fell to Zahir Khan when he was seven short of his half-century, lifting Zahir Khan to Rovman Powell at mid-off.
Andre Fletcher maintained the run flow with Perera and steered the total to the 100-run mark in 10.5 overs. At the score of 102, Leus du Plooy pulled off a diving catch at deep mid-wicket to dismiss Perera, who attempted a slog sweep off Sikandar Raza, for 38.
Spinners Raza and Zahir Khan tried to strangle the run flow, but skipper Nicholas Pooran and Fletcher hit sixes off them. They put on a 50-run partnership in 28 balls and took the score past the 150-run mark in 15.5 overs. Another spectacular diving catch by Du Plooy at backward square leg to Fletcher’s top-edged pull ended the 56-run partnership.
Kieron Pollard joined Pooran, who smashed Jason Holder for 19 runs in the 18th over with two towering sixes and a boundary. With the score reading 177 for 3 and two more overs to go, the crowd got ready to cheer for the 200-run mark. Emirates achieved it off the fifth ball of the last over through a six from Pooran. This six also helped him reach his half-century in 26 balls. In the last five overs, Emirates hit 74 runs.
James Vince of Gulf Giants with 356 runs from 12 innings emerged the highest run-getter to win the Green Belt, while Waqar Salamkheil with 17 wickets was the highest wicket-taker and bagged the White Belt on better economy rate pipping Fazalhaq Farooqi, who too had 17 wickets. Muhammad Waseem won the Blue Belt for the best UAE player for the second year is succession. Sikandar Raza bagged the Red Belt for the Most Value Player. All of them pocketed USD 15,000 each. DP World Biggest six was awarded to Andre Fletcher while DP World Most 6s of the season was won by Nicholas Pooran. The Cycle Hub Catch of the season went to Sam Billings for his one-handed effort at the slip to dismiss Will Smeed in Match No2.
MI Emirates’ skipper Nicholas Pooran, after receiving the Player of the Match, hailed his openers for setting the stage for the victory. “Truly special to be the man of the match in the final. We spoke about having the right energy and attitude. I couldn’t have asked for a better start, they (openers) did the hard work, we just finished it off. It’s about understanding the situation and batting accordingly.”
Losing captain Sam Billings was sporting in his defeat and said: “Always regret when you lose. As captain, I’m go to bed thinking where it went wrong. But they were brilliant, Nicholas Pooran in that mood is very difficult to play against. Maybe they scored 20-25 runs too many. One of the best things about playing cricket in different places is experiencing different cultures. The UAE players have all been impressive. Really happy to see them improve.”
Sikandar Raza who won the most valuable player award said: “Quite a proud and humbling moment for me. It has been a journey, it is the reward for a lot of sacrifice, hard work, and pain. I just want to say thank you to all those who have prayed for me in these last two years, especially during my illness. I like to be in the position where the skipper can bank on me to bowl four overs every time. Thirteen wickets in the tournament feels like the hard work is coming through; we can only get better.”
Africa Finance Corporation and SkyPower Global to start work for DR Congo’s energy needs
Renewable energy in the Democratic Republic of Congo (DRC) is set to get a significant boost as Africa Finance Corporation (AFC) and SkyPower Global have come decided to come together for the first phase of the latter’s Green Giant project in the country.
This 200MW Phase 1 is a crucial step in realising the landmark 1,000MW Solar Power Purchase Agreement (PPA) signed between SkyPower and the DRC’s state-owned utility, Société Nationale d’Electricité (SNEL).
The partnership creates a formidable force in the pursuit of sustainable energy solutions for the continent in the fight against climate change. The venture will leverage SkyPower’s unparallelled global experience in developing large-scale solar projects and AFC’s proven track record of successfully de-risking and distributing capital for well-structured power and other infrastructure projects across Africa.
Coming in the wake of COP28, this agreement underscores both organisations’ dedication to the United Nations Sustainable Development Goals, particularly emphasising the critical role of partnerships in accelerating renewable energy adoption and addressing the escalating climate crisis.
The DRC Green Giant project, heralded by the signing of the initial PPA with SNEL, marked a historic commitment from the DRC government to enhance electrification rates through renewable energy partnerships. President Félix Tshisekedi’s strategic vision targets a significant boost to the nation’s clean energy output, contributing to a projected US$2.3 billion stimulus to the DRC’s GDP and the creation of approximately 30,000 job years.
The Joint Development Agreement is set to catalyse the construction of the first 200MW phase of the project, with all necessary approvals secured and land allocation completed, ensuring a swift transition to development stage and the commencement of construction by 2025.
“Partnering with SkyPower, an institution known for their decades of global expertise in large-scale solar projects, is well aligned with our mission to advance energy access on the continent through renewable energy,” said Amadou Wadda, Senior Director of Project Development and Technical Solutions at AFC, the continent’s leading infrastructure solutions provider.
“Through this collaboration, we aim to contribute significantly to rapid industrialisation, local job creation, sustainable economic growth and a pragmatic transition to net zero in DRC and Africa as a whole.
Kerry Adler, President & Chief Executive Officer of SkyPower, highlighted AFC’s leadership role and its commitment to fast-tracking the deployment of essential energy projects as crucial to leveraging solar energy to spur economic development, create job opportunities, and tackle climate change effectively. “Partnering with AFC exemplifies a concerted effort toward realizing the ambitious goals set by forward-looking countries such as the DRC, aiming for a brighter, more sustainable future for everyone,” Adler noted. “This agreement underlines AFC’s pivotal contribution to promoting renewable energy solutions and both AFC and SkyPower’s unwavering commitment and dedication to ensuring a greener, more resilient world.”
SkyPower Global stands at the forefront of utility-scale solar energy project development and project ownership around the world, boasting over 20 years of operational history. The company is supported by a highly experienced team, collectively holding more than 1600 years of expertise in power, empowerment, and significant infrastructure initiatives. SkyPower has diligently developed an extensive pipeline of projects exceeding 10GW, which are at diverse stages of development, construction, and operation. This broad pipeline demonstrates SkyPower’s strong commitment to and expertise in the renewable energy sector, with projects set for implementation in strategic locations like the Middle East, Africa, and South Asia in the near future.
SkyPower has developed over 30 utility-scale solar Power Purchase Agreements (PPA) currently in operation across the globe and contracts, amounting to more than USD $60 billion in long-term renewable energy sales to leading utilities and government partners worldwide. Adding to its robust profile, SkyPower is majority-owned by CIM Group, a community-focused real estate and infrastructure owner, operator, lender, and developer. Since its inception in 1994, CIM Group has been committed to creating value in its projects and making a positive impact on the lives of people in communities across the Americas. Through its efforts, CIM Group has delivered more than $60 billion in essential real estate and infrastructure projects, furthering SkyPower’s mission to transform the energy landscape and enhance community well-being through sustainable development.