VivoPower establishes UAE subsidiary at the world’s premier free trade zone, DMCC in Dubai
UAE has announced its US$200bn Net Zero 2050 Strategic InitiativeVivoPower will service Middle East, Africa, and Indian sub-continent markets from Dubai hub
VivoPower International PLC is pleased to announce that it has established a subsidiary in the United Arab Emirates (UAE) as it expands its capabilities to service the Middle East and surrounding markets. The Company’s new subsidiary entity is located at the world’s premier free trade zone, the Dubai Multi Commodities Centre (DMCC). Dubai’s DMCC has won the Financial Times fDi Magazine Global Free Trade Zone of the Year award for a seventh consecutive year. The DMCC is the Government of Dubai Authority on commodities trade and enterprise.
Kevin Chin, Executive Chairman and CEO of VivoPower, said: “The Middle East is the largest market in the world for Toyota Land Cruisers, and we are very pleased to establish a presence here. Increasing our physical footprint allows us to expand our capabilities to effectively service this strategically important market. Furthermore, the UAE Government has just announced its landmark Net Zero 2050 Strategic Initiative with Dh600billion (US$200billion) to be invested in clean and renewable energy solutions over the next 30 years. Aside from covering the Middle East, Dubai will serve as a critical logistical hub to service the African and Indian sub-continent markets. We are grateful to our partners and other counterparts in Dubai who have seamlessly helped us set up our operations in a business-friendly manner while safeguarding essential health and safety protocols. We look forward to servicing this very important region with our sustainable energy solutions and contributing to the Net Zero 2050 Strategic Initiative.”
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