United Arab Emirates
Dubai’s DEWA holds resources of almost Dh200 billion, says CEO Al Tayer
Published
3 years agoon
DEWA has been set apart for the first of 10 IPOs of Dubai-owned enterprises
The Dubai-claimed utility substance DEWA right now has resources of almost Dh200 billion and activities with a consolidated worth of around Dh86 billion, as per a high ranking representative.
The reports on DEWA’s monetary and functional status comes after the organization was affirmed as the first of 10 IPOs Dubai is getting ready for driving government-possessed undertakings. These numbers ought to be sufficient to enthuse financial backers peering toward the chance of participating in the forthcoming IPO.
The ventures will be appointed in the following five years, “to fulfill the expanding need for power and water in the emirate,” said Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority. “This is accomplished through an unmistakable system and a guide to change Dubai into a focal point of greatness for new advances important to accomplish net zero outflows and arrive at 100% clean energy by 2050.
“DEWA has prevailed with regards to acquiring the certainty of significant financial backers to work in its significant activities, particularly in sustainable and clean energy utilizing the Independent Power Producer (IPP) model. Through this model, DEWA has drawn in with regards to Dh40 billion.
“With its arrangement of differentiated undertakings, DEWA is changing Dubai into a worldwide center for clean energy, utilizing distinctive troublesome advances, with an emphasis on enhancing the energy blend, as we endeavor to work on the personal satisfaction for every one individuals living in the UAE.”
Developing client base
At this point, DEWA’s client accounts absolute more than 1 million, with the normal yearly increment at 7%. Last year was a fantastic one for the utility substance, as it confronted the test of dealing with the abrupt and supported spike in power use during the pinnacle COVID-19 months. During the stage, normal use shot up 6.6 percent – the greatest such increase beginning around 2012, as per DEWA records.
“The move will assist DEWA with extending its extent of work and will add to giving new positions to Emiratis, support the business area and fortify vital associations between general society and private areas,” said Al Tayer.
Announcements
Adventure alert: Hatta unveils UAE’s longest mountain trails
Published
2 weeks agoon
August 24, 2024By
SudhashreeDubai Municipality has completed the development of the UAE’s longest mountain trails, which features 21 cycling routes spanning 53 kilometres, 17 walking trails across 33 kilometres, 9 wooden bridges and 14 rest stops and service facilities.
The Hatta Mountain Trails are one of various projects being implemented by Dubai Municipality to establish Hatta as a leading tourist destination in the region.
The trails are divided into four colour-coded levels of difficulty: Green – with four tracks for cycling and four for walking; Blue – with six tracks for cycling and three for walking; Red – with eight routes for cycling and six for walking; and finally, Black – with three trails for cycling and four for walking.
.@DMunicipality completes development of the #UAE’s longest mountain trails, which features 21 cycling routes spanning 53 km, 17 walking trails across 33 km, 9 wooden bridges and 14 rest stops and service facilities. #Dubai https://t.co/Hsr2EwOdxs pic.twitter.com/R0Rq386gij
— Dubai Media Office (@DXBMediaOffice) August 22, 2024
During the project’s first phase, Dubai Municipality implemented a comprehensive development plan in a record time of 10 months. This involved the expansion and maintenance of existing hiking and mountain bike trails and stabilising the soil in areas to improve the experience for visitors using the trails.
Comprehensive maintenance was also carried out on all existing bridges, with damaged ones replaced.
The second phase included constructing rest stops and service facilities along trails and other locations and installing 176 signposts and 650 directional signs to help cyclists enjoy a safe and distinctive experience on the Hatta Mountain Trails.
The Hatta Mountain Trails pass through a variety of different terrains and landscapes, including rocky paths, mountainous areas, rugged peaks and valleys, offering panoramic views and the opportunity for outdoor enthusiasts of all abilities to enjoy Hatta’s unique natural beauty.
Announcements
Dubai’s Economy Surges: GDP Hits Dh115 Billion in Q1 2024 with 3.2% Growth
Published
2 months agoon
July 23, 2024By
SudhashreeDubai’s economy has grown 3.2 per cent in the first quarter of the year compared to the same period last year — with the emirate’s gross domestic product (GDP) reaching Dh115 billion.
“Dubai’s ambition is limitless, and its success story will remain a role model for cities wishing to create a promising future for their coming generations,” said Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai.
The goal, he said, is to “sustain success and establish a culture of excellence and leadership” across all sectors in the emirate. The economic growth in the first quarter of the year mirrors the success story of 2023, when the GDP reached approximately Dh429 billion, marking an increase of 3.3 per cent compared to the 2022 figure of approximately Dh415 billion.
In the first quarter of 2024, Dubai's economy grew by 3.2%, increasing the emirate's GDP to AED115 billion. This performance underscores the success of Dubai's strategy to achieve the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum. We remain committed to achieving… pic.twitter.com/NM7HjrN7Pm
— Hamdan bin Mohammed (@HamdanMohammed) July 23, 2024
Numbers show that Dubai is booming across sectors — from transportation and storage to food services and real estate.
Here’s how each sector has grown in the first quarter of the year:
- -Transportation and storage sector: 5.6%, amounting to Dh15.4 billion
- -Financial and insurance activities sector: 5.6%, amounting to Dh15.1 billion
- -Wholesale and retail trade sector: 3%, amounting to Dh26.3 billion (the top GDP contributor at 22.9%)
- -Information and communications sector: 3.9%, amounting to Dh5.1 billion
- -Accommodation and food services activities sector: 3.8%, amounting to Dh4.7 billion
- -Real estate sector: 3.7%, amounting to Dh8.4 billion
- -Utilities and waste management: 7.5%. amounting to Dh3.2 billion
- -Manufacturing sector: 1.6%, Dh8.4 billion
- -Other activities: 0.46% (These include agriculture, mining, construction, professional services and administrative services, among others.)
Sheikh Hamdan said the emirate’s successes highlight the combined efforts and teamwork of various stakeholders to realise the objectives of the emirate’s comprehensive development plans for 2033, especially the Dubai economic Agenda (D33) and Dubai Social Agenda 2033.
“Dubai is progressing in accordance with a clear vision whose foundations were laid down and whose goals were defined by Sheikh Mohammed bin Rashid Al Maktoum,” the Crown Prince said.
“What we witness today is a practical reflection of this vision, which has placed Dubai among the leading economic and commercial centres of the world.”
Announcements
Indian wellness practioner Piush Jain eyes global expansion, announces plans for Dubai
Published
2 months agoon
July 1, 2024Award-winning Indian wellness practioner Dr Piush Jain, renowned for his groundbreaking age reversal therapy using Ayurvedic medicines and herbs, is now eyeing global expansion with Dubai as his first international hub.
Dr Jain, who runs the famous Dr PK Jain Clinics with a legacy of close to hundred years in the Indian city of Lucknow, has helped many reverse aging process, naturally, through a 5000-year-old age reversal Ayurvedic therapy. And now, the leading Ayurveda exponent is ready to spearhead age reversal therapy by taking his line of work to the wider world.
“My line of treatment is a revolutionary step forward in the field of age management and hormonal health and it is something I now want more people from around the world to have greater access to. So there’s no place better than Dubai to start my global operations from. And our plans are to be in business within this quarter pending all necessary approvals from relevant authorities,” Dr Jain said this week during his trip to Dubai where he is meeting officials from various health authorities ahead of his grand launch. “Dubai is home to close to 200 nationalities. So setting up a business means unparalleled opportunities for growth and innovation, thanks to its strategic location, world-class infrastructure, and business-friendly environment and also a gateway to the wider world”
Dr. Jain – a fourth-generation practitioner from a family of holistic wellness therapists who have been tapping the power of traditional Ayurvedic practices for over a 100 years in India – stresses particularly on the use of Amalki Rasayana herbs, that he says, have a positive impact on the pituitary-gonadal axis – a key controller of aging and vitality.
“What sets us apart is our work on the pituitary gland. Often referred to as the ‘master gland,’ it plays a pivotal role in regulating the body’s hormonal balance and, consequently, the ageing process. My groundbreaking treatment taps the power of traditional Ayurvedic medical practices like the age old Amal Ki Rasayan and other herbs to harness the natural functions of the pituitary gland to manage age-related hormonal changes. By stimulating the gland in a way that mimics the body’s own processes, this innovative approach effectively slows down the ageing process without introducing any side effects,” explains Dr Jain who has been lauded with lifetime achievement awards both internationally and in his native India.
Recent studies underline the potential of Ayurvedic treatments to enhance longevity and quality of life. Research published in the Journal of Clinical Medicine published by MDPI (Multidisciplinary Digital Publishing Institute), the Swiss-based publisher of open-access scientific journals and the largest of its kind, emphasises how natural compounds can reduce oxidative stress and inflammation, critical factors behind aging process. A comprehensive study on the effects of Vajikaran Rasayana herbs substantiates their significant influence on hormonal balance and vitality. “The results are stunning – one’s hair start growing again, one’s skin starts glowing just as your other organs including brain, kidney and liver start functioning at an optimum level again thereby making one reverse a lot of usual age-related conditions like diabetes, hypertension, eventually making the patient feel better emotionally, physically and even sexually as part of a holistic wellness therapy,” he says.
Based in Lucknow but now with a firm eye on global expansions starting with Dubai, Dr. Jain’s clinic has scripted many success stories. His patients have reported feeling more energetic, mentally clearer, and looking younger. Not just in India, his work is also gaining attention and popularity across the globe as more and more people look for alternative anti-aging treatments.
For more information about Dr. Piush Jain and his Ayurvedic age reversal therapy, please visit https://www.drpkjain.com/ or contact: India – +919415027773 /+917007467416
UAE – +971545935289