China’s grid giant sets up office in DIFC

China’s grid giant sets up office in DIFC

Local News, News















Dubai / WAM

State Grid Corporation of China (SGCC), the largest utility company in the world, has expanded its presence in the region by setting up in Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (Measa) region.

This is the first office the Chinese state-owned electric utility corporation has set up in the UAE.

The newly established entity 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. The SGCC’s total overseas investments amount to $23.2 billion.

has successfully invested in utilities in Oman as well as internationally in Italy, Portugal, Greece and the Philippines, in addition to operating backbone energy networks in Brazil, Australia and Chile. The total overseas investments amount to $23.2 billion and its overseas equity capital is approximately $65 billion.

Furthermore, the UAE and China have long-standing relations and share a strategic vision to cooperate in energy, technology, the green economy and the digital economy.

Arif Amiri, CEO of DIFC Authority, said, “The DIFC continues to