Khaleej Times
Summary
ENGIE CEO underlined the necessity of getting geared to the major challenges of energy's transition to a low-carbon economy.
After the acquisition of a 40 percent stake in Abu Dhabi's Tabreed in June 2017, French energy giant ENGIE, has become a worldwide leader of independent district cooling, according to a top executive of the company.
"We are very satisfied with our business targets in Tabreed, the National Central Cooling Company. The government of UAE has succeeded in creating a good business environment for a well-established public-private partnership (PPP) for power and water development that can attract significant international investment," Sebastien Arbola, CEO, Middle East, South & Central Asia, and Turkey of Paris-listed ENGIE told the Emirates News Agency, WAM, on the sidelines of the World Future Energy Summit which commenced at the Abu Dhabi National Exhibition Centre yesterday.
While commending the robust legislation and the investment-conducive environment of UAE, Arbola, however, said there is a need for more flexibility to meet future challenges.
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