Dubai will build and operate the world's largest energy from the waste facility under a 35-year concession period with Dubai Municipality.
The facility is in partnership with Dubai Holding, ITOCHU Corporation, Hitachi Zosen Inova, BESIX Group and Tech Group.
The new Dhs 4 billion facility is a massive renewable energy investment for the UAE.
The facility will convert over 1,900,000 tonnes of waste per year into renewable energy. The Dubai Centre for Waste Processing will treat 5,666 tonnes of municipal solid waste produced by Dubai per day.
The facility will have the capacity to process up to 45 per cent of Dubai’s current municipal waste generation and will significantly minimise the volume of municipal waste in landfills.
The new initiative is in line with the UN Sustainable Development Goals and will help in developing an alternative energy source that is sustainable. It will also help achieve the targets in the Dubai Clean Energy Strategy 2050.
Foundational works on the project are currently proceeding at a pace.
Khalid Al Malik, Managing Director of Dubai Holding said, "Inspired by our wise leadership’s unwavering ambition and dedication to excellence, Dubai has become synonymous with breaking records over the years. Today, we are proud to be marking yet another milestone for the Emirate to ensure a more sustainable future for generations to come. This significant investment by the group of companies that form this consortium, based on an agreement with Dubai Municipality, highlights international confidence in our market and Dubai’s continued appeal in attracting foreign direct investment, despite a more challenging global economic climate."