Sunday, June 10, 2007

Tecom Investments to launch Energy and Environment Park

Tecom Investments, a member of Dubai Holding, is said to be launching the Energy and Environment Park, which is a comprehensive eco-friendly community for residential and commercial use. It will symbolize the commitment of Dubai to sustainable development and create an eco-friendly community while also ensuring a good quality of living for its workers and residents.

The project which is likely to cover eight million square feet in area will provide a business environment that fosters clean energy and sustainable development. The commercial aspects will comprise commercial office space, boutique and retail facilities, showrooms for energy saving technologies etc. It will also include energy efficient residential units, conference rooms, and a green hotel. The energy efficient residential area will offer various real estate options for a sustainable lifestyle and community.

ENPARK, an academic component will provide environment and renewable energy related education programmes. It will house a sustainable development research center to show the latest sustainable technology and energy applications.

The park has been launched at a time when the global renewable energy market predicts to exceed $220 billion annually over the next five years. Phase I of this ENPARK project is due for completion 2010.

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