MEEF - Middle East Engineering Projects News & Releases - previous page
Business leaders from Dubai Municipality, Dubai Industrial City, Dubai Recycling Park, National Projects Holding Co and various energy, construction and engineering firms attended the event, held at the Grand Hyatt in Dubai on Sunday 28th January 2007.
Keynote speaker H.E. José María Figueres stressed the need for
environmental protection to become considered a viable economic
opportunity by the business community, and highlighted the need for
governments across the globe to work in partnership with the private
sector to make fixing the environment commercially viable.
The Dubai Recycling Park project was launched in October 2006 with a capital investment of up to USD150 million, and will be developed on a site measuring 1,500,000 square feet with a 49 year lease agreement with Dubai Industrial City. Construction is planned to commence in mid-2007 and will be fully completed within 18 months. It will be the first fully integrated waste management and recycling park in the Middle East.
“Dubai Recycling Park is the combined solution of Dubai Industrial
City and National Projects Holding Co. to start contributing to the
reduction of carbon emissions into the atmosphere, by reducing
landfill and the burn-off of waste,” explained Al-Saleh, "We plan to
revolutionise the way the Middle East manages waste and help
safeguard the environment for the generations to come.”
the international arena, President Figueres has pioneered the
linkage between sustainable development and technology in the realms
of business, public service and non-profit organisations. He helped
create and lead the United Nations Information and Communication
Technologies Task Force (ICT) and is the founder of the Costa Rica
Foundation for Sustainable Development (Entebbe). In 2000, President
Figueres joined the World Economic Forum and became its first CEO in
2003, where he has strengthened global corporate ties to social and
governmental sectors by identifying common long-term interests. He
currently serves as CEO of the Grupo Felipe IV, based in Madrid,
where he continues his commitment to development and technology. He
also serves as a Board Member of the World Resources Institute (WRI)
and the Earth Council Geneva and as a senior advisor for Tokyo-based
Global Environment Action.
About Dubai Recycling Park
National Projects Holding Co, a subsidiary of the National Real Estate Co. of Kuwait signed an agreement in October 2006 with Dubai Industrial City, a subsidiary of Tatweer (a Member of Dubai Holding), to establish Dubai Recycling Park, the first fully integrated waste management and recycling park in the Middle East.
Dubai Recycling Park will be developed on a site measuring 1,500,000 square feet with a 49 year lease agreement with Dubai Industrial City and a capital investment of up to USD150 million. Construction is planned to commence in mid-2007 and will be fully completed within 18 months.
The feasibility study, master plan and management of Dubai Recycling Park will be contracted to Remondis of Germany, the fourth largest waste management company in the world and arguably the world’s leading company in waste management technology and know-how.
National Projects Holding Co. believes Dubai Recycling Park will be perhaps their most important project from a socially responsible stand point and that it should be replicated across the region.
About Dubai Industrial City
Dubai Industrial City (DIC), a member of Tatweer, was set up with
the aim of catalysing the growth and expansion of the industrial
sector in the United Arab Emirates – especially in high value added
manufacturing and production in the following sectors:
About National Projects Holding Co (NHPC)
National Projects Holding Co. is the subsidiary of the National Real Estate Co. (NREC), the largest real estate company listed on the Kuwait Stock Exchange and is a joint venture between the NREC and Kuwaiti Businessman Musaed Al-Saleh.
NPHC recently signed an agreement with Dubai Industrial City to establish Dubai Recycling Park, the first fully integrated waste management and recycling park in the Middle East.
National Projects Holding Co. is a strategic owner in the
Mediterranean Investments Holding Co. investing in Real Estate
Development Projects in Libya. It is also a strategic shareholder
in the Kuwait Housing & Development Holding Co. and the
International Hotel Investments Co.
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