Dubai Electricity and Water Authority (DEWA) will host 22 leading Italian companies at the 21st Water, Energy, Technology and Environment Exhibition (WETEX 2019), under the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and under the patronage of HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and President of DEWA, from 21-23 October 2019, at the Dubai International Convention and Exhibition Center (DICEC).
The exhibition coincides with the fourth edition of the Dubai Solar Show, under the umbrella of the sixth Green Week. The Italian pavilion is the second largest pavilion at WETEX 2019, covering an area of 378 square metres.
Saeed Mohammed Al Tayer, MD & CEO of DEWA and Founder and Chairman of WETEX, emphasised the role of WETEX in deepening the trade and economic ties between the UAE and Italy, in addition to enhancing trade and mutual investments between the two countries in the fields of renewable energy, water and environmental protection.
“WETEX has consolidated its position year after year as one of the largest specialised, comprehensive, integrated exhibitions in the world, in traditional and renewable energy, sustainability, green techniques, development, and many others. The exhibition turns out to be highly successful every year, with visitors, sponsors, exhibitors and participants from around the world reaping huge benefits. DEWA is working to use this success to support the achievement of the Dubai Clean Energy Strategy 2050 announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, to make Dubai a global centre of clean energy and green economy. The Dubai Clean Energy Strategy aims to provide 7% of Dubai’s power from clean energy by 2020. It will increase this target to 25% by 2030 and 75% by 2050. We also support the Dubai Demand Side Management Strategy 2030 aiming to reduce energy and water consumption by 30% by 2030,” said Al Tayer.
“Through this important event, we aim to support national and global efforts in the field of sustainability and to establish an attractive environment for investments by highlighting the competitive advantages that make the UAE the topmost business destination in the region; in addition to supporting the United Nation’s 2030 Agenda for Sustainable Development, the UAE Centennial 2071 targets and the UAE National Agenda 2021,” said Al Tayer.
He added that WETEX is an ideal opportunity for participating companies to build and explore partnerships; gain access to regional and global markets and expand into the region. He also highlighted the role of the exhibition in enhancing Dubai’s and the UAE’s positions in the green economy and sustainable development; and its contribution to raising awareness on the importance of conservation of natural resources, by attracting a wide range of manufacturers and decision-makers to discuss the challenges related to environmental sustainability, energy and water conservation, research into alternative energy to achieve sustainability, and enhance clean and renewable energy.
"The UAE and Gulf Cooperation Council have redefined their energy and environment policies in recent years. The UAE has adopted a strategy to increase its clean energy by 50% by 2050, doubling efforts in shifting away from fossil fuel. We have the Italian expertise to overcome regional challenges and meet global demands," said Gianpaolo Bruno, Trade Commissioner to the UAE, Oman, and Pakistan. The Italian companies (including 6 exhibiting for the first time) will showcase their innovative products in water treatment, recycling, energy generation, air control systems, environmental protection, and green building.
The total non-oil trade volume between the UAE and Italy amounted to more than USD 7.8 billion in 2017 and exceeded USD 5.7 billion in the first nine months of 2018, recording a 7.7 per cent growth in the country's exports to Italy compared to the same period in 2017. The UAE is Italy's largest Arab trading partner, while Italy is the UAE's fourth-largest European partner and second-largest exporter from Europe, according to 2017 data.
Furthermore, Italy was ranked 17th on the list of Dubai's trading partners last year with a total non-oil intra-trade value of AED 24 billion, recording a growth of 6.6 per cent compared to 2017.