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FINANCIAL NEWS
Dubai signs USD20m contracts for eco-friendly developments
20 Jul 2015
(MENAFN) Several companies, linked with the government of Dubai, signed contracts worth USD20 million to undertake eco-friendly projects added to their real estate portfolios, Arabian Business reported.
The contracts include Dubai International Financial Centre (DIFC), Dubai World Trade Centre, Dubai Airport Free Zone, Dubai Civil Defense, DP World and Wasl Asset Management Group.
These firms signed a deal with Etihad Energy Services, a subsidiary of Dubai Electricity and Water Authority (DEWA), which was set up two years ago with the aim of retrofitting buildings to make them energy efficient.
“Dubai is a new city that grew quickly. Many of the first buildings were constructed long before building codes [setting out minimum energy performance standards] were introduced,” an official said.
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