Conference held in Dubai to promote Costa Rica


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 country’s extensive reliance on renewable energy sources.

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.


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.

Costa Rica seeks deeper ties with UAE

The major share of Costa Rica’s 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.”

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 UAE’s interest in Costa Rica extends beyond environmental cooperation. Sheikh Abdullah’s visit was also intended to improve trade relations.

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Grupo Alfa Corporation


Centro Comercial Plaza Heredia

Segundo Piso

Tel. (506) 263-5515

Fax (506) 263-5516

P.O. Box 384-3000

Heredia, Costa Rica

Central America


For more information contact:


Phone: Reghu -9741653744

Phone: Kiran -+971 561162972

P.O.Box #212336



Media Contact
Company Name: Grupo Alfa Corporation
Contact Person: Mr Sibtein Alibhai
Phone: (506) 263-5515, 9741653744, +971 561162972
Address:Headquarters: Centro Comercial Plaza Heredia Segundo Piso, P.O. Box 384-3000 Heredia, Costa Rica Central America / ALFA PROPERTIES INC, P.O.Box #212336 DUBAI, UAE
State: Heredia
Country: Costa Rica