The adoption of the unified industrial strategy this year
Sunday, January 20, 2019
HE Suhail Al Mazrouei, Minister of Energy and Industry, said: "The unified industrial strategy of the state has been adopted by the local governments and is expected to be approved by the Cabinet during this year," pointing out that it is a strategy that complement the energy strategy.
H.E Al Mazrouei said yesterday in an interview with Alittihad that "The integrated strategy of the industrial sector will focus on artificial intelligence and technical industries, enabling each emirate in a specific sector of industry through clearly defined work programs for each emirate, with a program of integration between various industrial zones in the country, maximizing points of benefit and strength, and comparative advantage of each region ». He pointed out that after the approval of the Cabinet for the industrial strategy, the Ministry will announce all the details.
"The new strategy is aimed at achieving efficiency in the sector to make the UAE industry very competitive, achieving sustainable development, reducing carbon emissions, supporting small and medium enterprises, and activating inventive industries," H.E said.
Al Mazrouei stressed about giving more attention to the industrial sector and maximizing its role in the national economy in view of the vision 2021, and the UAE Centenary in 2071 to achieve a sustainable and diversified non-oil economy, based on knowledge and innovation and leading the UAE to the ranks of developed countries, pointing out that UAE has succeeded in establishing a solid industrial base, which promotes a strong momentum towards further growth, progress and competitiveness.
It is worth mentioning that the UAE has the Infrastructure and characteristics to compete with the industrial sector at the regional and international levels. It has legislations and laws that protect the rights of investors, there is also the security and political stability of the country, the major industrial zones that are owned by the state, including international ports and airports, and the logistic warehouses equipped with the latest technologies and human resources.
- Water security
On the water security strategy in the UAE, H.E Al Mazrouei said that the water security sector is the first priority of the ministry's concerns. He added that there is special attention to this sector and a strategy has been developed and discussed. The strategy aims to reduce consumption of ground water reserves and reduce it, and provide new economic alternatives, especially treated water. The Minister also pointed out that there is a trend of disengaging between power plants and desalination, and that the UAE seeks to achieve full water and electrical security.
- Reducing costs
H.E Al Mazrouei said that UAE is one of the few developed countries in the world that has reduced the cost of water desalination. It has reached the lowest price in the world in Al Taweela station, which is less than one fils per gallon of water, compared to 3.5 to 5 fils previously. UAE has reduced the cost of solar energy to 2.3 cents per kilowatt. "We have an ambitious program to accelerate the shift in energy," H.E said.
- Emirates Company
"The Emirates Water and Electricity Company will be the only buyer of electricity in the country, and its role will be to launch projects, switch to energy efficiency, generate electricity and water projects, and separate the electricity sector from the water sector using the reverse osmosis," H.E the Minister said.
He added that the company will rely on the latest technologies of high operational efficiency, diversification of energy sources including nuclear power, high efficiency gas, solar energy and reverse osmosis technologies for water desalination, and it will meet the demand for water through production based on modern technologies that are environmentally friendly with higher efficiency and lower environmental and economic costs.
H.E Al Mazrouei explained that the company will provide sustainable environmental solutions in the field of energy and will be responsible for solar projects that the company will give to developers to reduce the carbon footprint, and it will convert existing plants based on burning gas to reverse osmosis plants, which will then reduce cost and maintain the climate ».
The UAE Water and Electricity Company, which was established last November under the Law 20/208, aims to raise the efficiency of water production and power generation in UAE. The company will also purchase, sell, plan, regulate and manage the supply, demand and commercial exchange of water and electricity production capacity in the Emirate of Abu Dhabi. The company, which will be based in Abu Dhabi, will provide water production and power generation services in accordance with the highest standards of transparency, reliability and cost competitiveness in the Emirate of Abu Dhabi and the Northern Emirates. It aims to raise the efficiency of water production and power generation in the country.
- The Saudi - UAE cooperation in energy
H.E Eng. Suhail Al Mazrouei, Minister of Energy and Industry, referred to the joint cooperation between UAE and Saudi Arabia in various fields, including the traditional and nuclear energy sector, noting that renewable energy projects in the UAE account for 70% of the total energy projects in the region at present.
On the meeting of the JMMC of OPEC and its partners in Azerbaijan next month, Al-Mazrouei said that OPEC is working to hold this meeting every two months and precedes the formal meeting of the Ministers of foreign affairs of OPEC, noting that the report of the Monitoring Committee depends on 5 independent sources of data. In case any country exceeds the allocated quotas, this country will be addressed to adjust the situation of the production.
* Source: Alittihad - translated by MOEI