Latest News

Dubai Airshow 2021 to reconnect aviation and defence industries

Sheikh Ahmed Bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports and Chairman and Chief Executive of Emirates Airline and Group, has emphasised the importance of Dubai Airshow 2021, describing the event as “an opportunity to reconnect the aviation, aerospace, space and defence industries.” During a press conference in Dubai on Monday, Sheikh Ahmed said, “Based on the number of new participant countries and exhibitors added this year, Dubai Airshow 2021 is set to be bigger and better than the 2019 event. The event will showcase the critical role that aviation, aerospace, space and defence continue to play at a global level.

“By welcoming international leaders and experts from across the globe, we are paving the way for new partnerships that will drive recovery and future growth. Dubai Airshow this year will be futuristic, modern, forward-looking, and creative. It will showcase the future of mobility, space exploration and defence as well as AI, digital transformation and more. We are excited to welcome industry friends, colleagues and newcomers from across the planet to Dubai.” He added that Dubai Airshow 2021 is a testament to the UAE and Dubai’s response to the pandemic, a pragmatic response that focused on protecting the health and well-being of the people as a top priority while minimising the impact of the crisis on the nation’s economy. “We are once again hosting important in-person events and returning to business normality thanks to the success of our approach and readiness.”

This year, Dubai Airshow will have a major focus on new technologies where exhibitors will be showcasing the latest innovation and state-of-the-art solutions. The brand new conference stage, Tech Xplore, will highlight how emerging technologies are helping reboot aviation and changing the entire flying experience. There will be new conferences focusing on trending aerospace topics like advanced aerial mobility, sustainability, and space, air traffic and cargo. The role of start-ups and entrepreneurs within the sector will also be centre stage, with the new East-West startup hub VISTA. Through new activations and competitions, Dubai Airshow is helping to actively encourage bright minds to bring new ideas and creativity to the industry.

To be held under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, Dubai Airshow 2021 will take place at Dubai World Central from 14th-18th November 2021.

The global aerospace event will be held with the support of the Dubai Civil Aviation Authority, Dubai Airports, the UAE Ministry of Defence and Dubai Aviation Engineering Projects, and organised by Tarsus Middle East.

Empower, Dubai Airport sign Dhs1.1b deal: In the presence of Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, Chairman of Dubai Airports, and the Chairman of the Dubai Supreme Council of Energy, the Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, signed an agreement to acquire the district cooling systems of Dubai International Airport.

The district cooling systems were acquired for a total value of Dhs1.1 billion, through a combination of internal accruals and debt financing from local and international banks with which Empower has close strategic relations.

The acquisition agreement was signed by Ahmad Bin Shafar, CEO, Empower and Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation (DACC), in the presence of Saeed Mohammed Al Tayer, Managing Director and CEO of DEWA and Chairman of Empower.

Under the acquisition agreement, Empower will own and manage all the existing District Cooling infrastructure of Dubai International Airport, with all its facilities and complexes, which have a total cooling capacity of 110,000 refrigeration tonnes (RT), that include five units, and this capacity covers the equivalent of 11 times the consumption of Burj Khalifa, the world’s tallest tower.

Sheikh Ahmed Bin Saeed Al Maktoum, said, “The deal is a part of the Dhs25 billion Public-Private Partnership (PPP) project portfolio announced by the Government of Dubai’s Department of Finance (DOF) at the Dubai International PPP Conference which was held last month at the Expo 2020. With this acquisition, the Dubai Aviation City Corporation has made a big leap through its partnership with Empower, the global leader of the environmentally friendly district cooling industry and in adopting innovative technologies.”

He added, “The deal supports the DACC’s continuous endeavours to achieve its ambitious strategy emanating from both the UAE Vision 2021 for sustainable growth, and the Dubai’s unique vision to promote the values and standards of sustainability and environmental protection. Through this acquisition, both the parties seek to reaffirm Dubai’s leading global position by accelerating the pace of developments by strengthening partnerships, using advanced technologies and adopting innovation in all their activities.”

For his part, Al Tayer said, “The acquisition is in line with the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to consolidate Dubai’s global position on the map of sustainable development. It is also an active part in the Dubai Demand Side Management Strategy 2030, of which district cooling is one of its prominent pillars.”

He explained that the acquisition agreement formulates a new concept of partnership between the two parties and transfers its investment outputs to a broader space that comprises the protection of the environment and natural resources, sustaining the momentum of creating environmentally sustainable communities throughout the Emirate, and recording unprecedented levels of performance in improving the efficiency of the energy sector, especially with regard to standards to meet the growing demand for district cooling services, which is mainly in line with Dubai’s vision to be the world’s most sustainable city.

Al Tayer continued, “Empower plays an eminent role in the Dubai’s economic development, and is striving to strengthen its leadership in the district cooling industry locally, regionally and globally, to reaffirm the extent of the growth and prosperity in Dubai’s industrial sector, that is rich in investment opportunities and ability to permanently develop and expand the scope of investment activities related to the present and future of the vital district cooling sector.”

For his side, Al Zaffin said, “We are immensely proud of what we have achieved within the DACC Group and our contribution to help establish the Emirate of Dubai as the foremost global aviation hub, with DXB firmly established as the largest international airport in the World. This strategic partnership with Empower is a testament to our ambition to deliver streamlined operations at DXB and continue the path of high growth. I am certain that Empower will serve Dubai International Airport according to the highest industry standards.”

For his part, Ahmad Bin Shafar, said, “We see the acquisition as a long-term partnership with a reputable institution of significant importance on the developmental and economic levels, and Empower is ready with its teams to assume the responsibility imposed by this partnership and looks forward to fulfilling it to the fullest.” He pointed out that Empower’s superiority and leadership in the district cooling industry and its remarkable success in adopting unprecedented technology in operations, production and provision of services, has made it a unique strategic partner for the largest institutions and mega projects, the latest of which is the Dubai International Airport with all its facilities and complexes.

Opinion

Read more opinions >