Dubai : UAE-based conglomerate SS Lootah Group said it will allocate Dh220 million for its Green Procurement Programme.
The announcement was made during an orientation event held at the group's headquarters on Saturday about the SME Cleantech Mission to Canada, in the presence of a delegation of UAE entrepreneurs from the Mohammad Bin Rashid Establishment for SME Development (MBRE) participating in the initiative.
The group has been pursuing an active procurement programme with members of MBRE, for which it was recently recognised with the Mohammed Bin Rashid Award for Young Business Leaders as the best private entity support to SMEs.
Suppliers of energy and water technologies and products and green building materials, among others, will benefit from the programme.
Addressing the delegation, Yahya Saeed Lootah, CEO of SS Lootah Group said: "Young UAE entrepreneurs today have a better chance to benefit from the competitive procurement programmes in the private sector with a significant shift in corporate policies in-line with the vision of the nation's leadership, as well as legislation pushing for better use of new technologies in energy and water, recycling and other applications with economic and environmental benefits."
The SME Cleantech Mission conceived in association with SS Lootah Canada, a wholly owned subsidiary of the SS Lootah Group, and GLOBE Foundation, Canada, will be held during GLOBE 2010, the world's leading environment business trade fair at Vancouver from March 24-26.
The mission aims to create new business opportunities through international cooperation and learn about the latest innovations in cleantech areas.
The delegation led by Abdul Baset Al Janahi, Chief Executive Officer, MBRE, and Manoj Nakhra, Chief Operating Officer, MBRE, left with the mission yesterday.
The entrepreneurs include Fahd Obaid Mohammad Rashad, Hamda Harizi, Suhail Bin Ahmad, Khalid Al Jowdar, Jasem Al Shehi, Amal Ebrahim, Abdullah Bu Haroon and Mona Saleh.
