The UAE Ministry of Energy and Industry was established in 2004, after the merger of the Ministry of Electricity and Water and the Ministry of Petroleum and Mineral Wealth together. The Ministry strives to contribute to achieving the UAE 2021 vision, represented in the national agenda indicators, and in competitiveness and strategy to ensure the UAE society maintaining its resources, enjoying a diverse energy that achieves sustainability by proposing and developing policies, legislations and strategies in coordination with stakeholders. The Ministry aims at achieving security, sustainability and competitiveness of the sectors of energy, water and mineral wealth. Moreover, it targets reducing greenhouse gas emissions in the country by developing and following up on strategies to improve these strategies such as the preparation of the National Energy Strategy 2050, and the Water Security Strategy 2036, and also conducting studies and surveys, developing databases and disseminating information and statistics on energy, water and mineral resources, as well as preparing geological and geophysical studies and maps of UAE.
The Ministry of Energy and Industry is keen to support and coordinate efforts and innovative initiatives in the field of energy and water, including also dams and mineral wealth. The Ministry has prepared the National Strategy for Innovation in water sector, and it coordinated with the distribution companies in UAE regarding the policy of the prices of derivatives or petroleum products that have been edited in the month of August 2015.