Link September Issue SEP 2017 fin - Page 27

Infrastructure the licensed institutions to ensure compliance with the laws related to commercial activities especially federal laws, particularly the Anti- Commercial Fraud Law, Consumer Protection, Commercial Transactions and on Commercial Agency.” H.E. Al Qamzi added that DED will continue to develop Dubai’s business environment to remain competitive in line with the emirate’s world-class infrastructure. “We are guided by the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, to make Dubai a preferred place to live, work and visit as well as a smart and sustainable city and a pivotal hub of the global economy by 2021,” he said. The MOU signing ceremony concluded with a tour of the DAFZA Square for the DED delegates. The group visited the Square’s modern facilities such as the new Business Center and Auditorium equipped with state-of- the-art technology and equipment to provide a unique quality experience for the freezone’s investors. At the end of the tour, H.E. Dr. Al Zarooni and H.E. Al Qamzi visited GE Aviation’s Middle East Aerospace Technology Center which provides data analysis, bandwidth and software capabilities to increase productivity and reduce downtime for dealers using ‘Predix,’ the cloud-based software platform for all of GE’s industrial Internet applications. Launched in November 2015, the Center, is contributing to upgrades on General Electric systems and engines from DAFZA and plays a major role in supporting GE’s customers and products in the region. DEWA awards AED14.2 billion largest CSP project in the world with a record bid of USD 7.3 cents per kW/h to generate 700MW D ubai Electricity and Water Authority (DEWA) has achieved another world record by awarding the 700MW AED14.2 billion fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park. This is the largest single-site Concentrated Solar Power (CSP) project in the world, based on the Independent Power Producer (IPP) model. The contract is awarded to a consortium comprising Saudi Arabia’s ACWA Power and China’s Shanghai Electric. September 2017 27