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UAE to invest over $164 billion in energy sector by 2050

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UAE to invest over $164 billion in energy sector by 2050

The United Arab Emirates plan to invest over $164 billion in its energy sector by the year 2050.


This is what the Vice President and Prime Minister of UAE and Emir of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, announced in his Twitter account, commenting the presented energy strategy of the country for the near 30 years.

“Our energy plan for the next three decades envisages the usage of diverse sources of energy, including renewable, nuclear and organic energy. We will invest 600 billion AED (that is over $164 billion) until the year 2050, in order to ensure a persistent economic growth,” noted Sheikh Mohammed bin Rashid Al Maktoum.

According to him, by 2050, 44% of UAE energy will be provided from the sources of clean energy, 38% - by gas, 12% - by wood coal and 6% - by nuclear energy.  

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