Sibtein Alibhai (3)

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Conference Held in
Dubai to Promote Costa Rica

• Sibtein Alibhai

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The World Future Energy Summit is being held as
part of the Abu Dhabi Sustainability Week, a
10-day series of conferences, activities and
events that aim to promote clean technologies and
sustainability. Luis Guillermo Solis, President
of Costa Rica who was a keynote speaker at the
opening of the World Future Energy Summit offered
further inspiration from his countrys extensive
reliance on renewable energy sources.
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Mr Sibtein Alibhai the founder Managing
Director of Grupo Alfa Corporation a prestigious
business conglomerate and his brother Mr. Aquil
Ali (Owner of C.S. Herediano FC) met with the
President of Costa Rica during the summit in
Dubai. Grupo Alfa Corporation is a recognized
leader in real estate marketing, management and
development in Costa Rica has built a
prestigious reputation in Costa Rica, as well as
in other neighboring nations, and has expanded
operations to an upscale international level, by
setting up a new overseas office in 2007, in the
city of Dubai, United Arab Emirates.
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Mr. Sibtein Alibhai the founder managing
director of the group himself has carefully
nurtured positive relationships with various
individuals, corporate and conglomerates allowing
the Group to increase its international footprint
in the UAE. The opening of the office in Dubai
has consolidated the groups position in the
Dubai real estate sector, by establishing a
working relationship with major developers such
as Emaar Properties, Dubai Properties Group,
Nakheel and Dubai Investments, and by acquiring
well located properties, for the management and
leasing of the same, creating profitability for
the Group.
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The major share of Costa Ricas electricity,
estimated at about 75 per cent, is generated
using hydropower, including at its power plant at
Lake Arenal and at the 305.5-megawatt plant on
the Reventazon river. But Solis added that the
country still has to tackle the carbon emissions
generated by fossil fuel-run modes of
transport.This is one of our greatest
challenges, and we must reduce these emissions if
we are to comply with our ambitious goal of
becoming one of the first carbon-neutral
countries in the world by the time of our
independence bicentennial in 2021, he
said. Sheikh Abdullah bin Zayed Al Nahyan, United
Arab Emirates minister of foreign affairs
recently visited Costa Rican president Luis
Guillermo Solis to discuss taking their two
countries relationship to new and exciting
levels.
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The Emirati Minister appreciated the efforts
positive attitude of Costa Rica towards global
issues specifically climate changes
environmental protection.This is just the
beginning of a new improved relation between
the UAE Costa Rica which include increased air
transportation and political consultations,
signed into effect with bilateral cooperation
agreements. Sheikh Abdullah mentioned that due
to the dynamic economy of Costa Rica, significant
opportunities lie in the private sector. Thus,
the UAEs interest in Costa Rica extends beyond
environmental cooperation. Sheikh Abdullahs
visit was also intended to improve trade
relations.
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Thank You..