China’s grid giant expands presence via DIFC to advance region’s energy transition

China’s grid giant expands presence via DIFC to advance region’s energy transition

The Chinese state-owned electric utility corporation will support the region in advancing its energy transition with a focus on electricity transmission and distribution with investment, construction and operation of power grids as its core business.

Arif Amiri, CEO of DIFC Authority and Chengzhong Liang, Chief Representative of SGCC Middle East Representative Office. — Supplied photo

Published: Mon 29 Aug 2022, 8:18 PM Last updated: Mon 29 Aug 2022, 8:21 PM

State Grid Corporation of China (SGCC), the largest utility company in the world, has expanded its presence in the region by setting up its first office in Dubai International Financial Centre (DIFC).

The Chinese state-owned electric utility corporation will support the region in advancing its energy transition with a focus on electricity transmission and distribution with investment, construction and operation of power grids as its core business.

Arif Amiri, CEO of DIFC Authority, said: “DIFC continues to attract companies from across the world who can contribute to our future economic growth, including China’s State Grid who have now established their presence in the Centre. Through the UAE Net Zero by 2050 Strategic Initiative, the country is investing heavily in renewable energy to safeguard the future for generations to come. China’s State Grid, the world’s largest