Ecobility launched to catalyze sustainable development in the UAE

The company will be fully dedicated to catalyzing change in the field of sustainability by engaging in the origination, development and commercialization of technologies across three verticals; renewable energy, resource conservation and sustainable buildings.

Ecobility will be spearheaded by its founders; Wadah Abusin and Karim Aly, two seasoned investment professionals turned eco-entrepreneurs. Speaking on the launch Abusin said:

"Ecobility was born out of our belief that there exists a critical need to reduce resource consumption through optimization, as well as diversify our energy mix by tapping ignored energy sources. Our strategy aims to tackle the existing challenges of sustainable growth."

Karim Aly added: "Clean Technology has become the 3rd largest investment class for venture capitalists with $7bn invested in the sector to date; this figure is projected to further increase, exceeding $20bn by 2010. This is testimonial in itself to the resonating importance attributed to this sector and a strong indicator to its anticipated longevity."

The leadership of the UAE has taken a pragmatic and progressive stance on sustainability. To support that vision, Ecobility has developed a pipeline of pioneering projects and products. The first of which will be a resource conservation initiative expected to be announced in the coming months in collaboration with a Federal government body.