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UAE approves national energy and hydrogen strategies

His Highness Sheikh Mohammed bin Rashid Al Maktoum said, “Today, I chaired the Cabinet meeting in Qasr Al Watan, in Abu Dhabi, where we adopted under the directives of the President Sheikh Mohamed bin Zayed, the establishment of the Ministry of Investment and appointed Mohamed Hassan Al Suwaidi as the minister. Our aim is to develop the investment vision of the UAE and promote the investment environment and the competitiveness of this sector in the country.”

His Highness added, “As a result of the accelerated economic growth, we approved the updated UAE National Energy Strategy, which aims to triple the contribution of the renewable energy over the next 7 years and invest AED150 to AED200 billion during the same period to meet the country’s growing demand for energy.”

Link: https://www.zawya.com/en/business/energy/uae-approves-national-energy-and-hydrogen-strategies-j9ulshxl

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