DUBAL Holding have announced that they have signed a Memorandum of Understanding (MoU) with Electricite De France (EDF Group) to explore possible collaboration with respect to the development of thermal power plants,  technical support services, district cooling and sustainable energy solutions in the broader GCC, as well as “green” and electricity business opportunities in Brazil and elsewhere.

The MoU was signed between Mr Abdulnasser Bin Kalban, on behalf of DUBAL Holding and Mr Laurent Clement, the Managing Director Middle-East of EDF, highlighting the sector’s commitment to enabling the UAE to meet its sustainability objectives.

Speaking at the MoU signing ceremony, Mr. Abdulnasser Bin Kalban said: “This is an exciting moment for Dubal Holding as it builds a successful long-term partnership with EDF.  As an investment arm of the Dubai government in industrial, mining and power projects, our combined efforts will focus on further industrialization of the Dubai and the UAE in line with our government’s vision.”

Laurent Clement, Managing Director Middle East of EDF said: “Today’s announcement is the first milestone of our future successful partnership with Dubal Holding in the UAE. By leveraging our combined experience and expertise, we aim to contribute to the development of the UAE industry through smart and innovative low carbon solutions, contributing to Dubai and the UAEs development strategy”.