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Dubai to Establish Large Energy-from-Waste Project

Construction work at one of the world’s largest energy-from-waste (EfW) facilities. Asharq Al-Awsat
Construction work at one of the world’s largest energy-from-waste (EfW) facilities. Asharq Al-Awsat
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Dubai to Establish Large Energy-from-Waste Project

Construction work at one of the world’s largest energy-from-waste (EfW) facilities. Asharq Al-Awsat
Construction work at one of the world’s largest energy-from-waste (EfW) facilities. Asharq Al-Awsat

Dubai Holding has partnered with Dubal Holding, ITOCHU Corporation, Hitachi Zosen Inova, BESIX Group and Tech Group to develop one of the world’s largest energy-from-waste (EfW) facility, Emirates News Agency (WAM) reported.

The consortium of leading international companies will build and operate the AED 4 billion project under a 35-year concession period with Dubai Municipality. This landmark public-private partnership represents one of the most significant renewable energy investments in the United Arab Emirates, WAM said.

The Dubai Centre for Waste Processing, located in the Warsan area, will treat 5,666 tons of municipal solid waste produced by Dubai per day. A total of 1,900,000 tons of waste per year will be converted into renewable energy. The approximate 200 MW of electricity generated will be fed into the local grid as clean energy. The facility will have the capacity to process up to 45 percent of Dubai’s current municipal waste generation, in turn significantly minimizing the volume of municipal waste in landfills.

In line with the UN Sustainable Development Goals (SDGs), the facility will contribute to reaching the goals set by Dubai Municipality in minimizing the volume of municipal waste in landfills and developing alternative energy sources as well as contribute to sustainable and ecologically friendly waste management in the Emirate and the targets outlined in the Dubai Clean Energy Strategy 2050.

The Vice President and Prime Minister of the UAE and the Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, had given the start signal for implementing the project in line with international environmental standards and with a capacity of about one thousand trucks per day. Foundational works on the project are proceeding at pace.

The project finance loan agreements, in the amount of $900 million, have been finalized with Japan Bank for International Cooperation and financial institutions including Société Générale Bank, KfW IPEX Bank, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd., Siemens Bank and Crédit Agricole Bank. Nippon Export and Investment Insurance (NEXI) will provide the insurance for a part of the loan being provided by the financial institutions.

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China’s Economy Grows at a 5.4% Annual Pace in Jan-March Quarter 

People walk past a clothing shop in Beijing on April 16, 2025. (AFP)
People walk past a clothing shop in Beijing on April 16, 2025. (AFP)
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China’s Economy Grows at a 5.4% Annual Pace in Jan-March Quarter 

People walk past a clothing shop in Beijing on April 16, 2025. (AFP)
People walk past a clothing shop in Beijing on April 16, 2025. (AFP)

China's economy expanded at a 5.4% annual pace in January-March, supported by strong exports ahead of US President Donald Trump’s rapid increases in tariffs on Chinese exports, the government said Wednesday.

Analysts are forecasting that the world’s second largest economy will slow significantly in coming months, however, as tariffs as high as 145% on US imports from China take effect.

Exports were a strong factor in China’s ability to attain a 5% annual growth rate in 2024 and the official target for this year remains at about 5%.

Beijing has hit back at the US with 125% tariffs on American exports, while also stressing its determination to keep its own markets open to trade and investment.

In quarterly terms the economy grew 1.2% in January-March.

Chinese exports surged more than 12% in March and nearly 6% in the first quarter, as companies rushed to beat Trump’s tariffs. That has supported robust manufacturing activity in the past several months.

But despite relatively fast growth by global standards, the Chinese economy has struggled to regain momentum since the COVID-19 pandemic, partly due to a downturn in the property market resulting from a crackdown on excess borrowing by developers.

The tariffs crisis looms as another massive blow at a time when Beijing is striving to get businesses to invest and hire more workers and to persuade Chinese consumers to spend more.

Both private and public sector economists have remained cautious about what to expect, given how Trump has kept switching his stance on the details of his trade war.

"Given the events over the past two weeks, it is extremely difficult to predict how the US and China tariffs on each other might evolve," Tao Wang and other UBS economists said in a report.

The International Monetary Fund and Asian Development Bank have stuck with more optimistic forecasts of about 4.6% growth this year.

After taking office, Trump first ordered a 10% increase in tariffs on imports from China. He later raised that to 20%. Now, China is facing 145% tariffs on most of its exports to the United States.

UBS estimates that the tariffs, if they remain roughly as they are, could cause China’s exports to the United States to fall by two-thirds in coming months and that its global exports could fall by 10% in dollar value. It cut its forecast for economic growth this year to 3.4% from an earlier 4%. It expects growth to slow to 3% in 2026.

China has stepped up efforts to spur more consumer spending and private sector investment over the past seven months, doubling down on subsidies for auto and appliance trade-ins and channeling more funding for housing and other cash strapped industries.