Description/achievement of initiative
NEMS is in stream of negotiations with Dubai Government and DMCC for developing and trading an innovative commodity basing on water and energy conservation.
Implementation methodologies
Nouveau Energy will be the first to launch Tradable Water Certificates in Abu-Dhabi & Dubai (U.A.E) therefore ,there are no direct competitors in the U.A.E market for the product.
However ,investors maybe diverted to certain other product offerings therefore indirect competitors do exist.
But the project idea on it's own differentiates it from other products since ,it is based on the quantity of water conserved by individuals and institutions giving it a unique edge over other products.
We will require a bankable feasibility study,product structuring and raising of minimum USD 10.0 million to develop and implement the commitment.
Arrangements for Capacity-Building and Technology Transfer
Coordination mechanisms/governance structure
Partner(s)
Government of Dubai. Ministry of Water & Environment (UAE) .Dubai Electricity & Water Authority.NASDAQ Dubai
2014
