Energy Articles & Analysis

Chapter | Energy from The Report: Dubai 2018

The economy of Dubai may be considered an outlier for the region, for although its growth and prosperity has been fuelled by its proximity to oil, its own modest hydrocarbons endowment accounted for just 1.3% of GDP in 2016. While its oil-rich Gulf neighbours have long recognised the need to diversify their economies, Dubai’s leaders understood decades ago that the emirate could only prosper by innovating and tapping a range of revenue streams. Dubai operates as a centre for oil and gas trade and is home to many companies servicing the energy industry. Its government-owned oil and gas companies have an international footprint with upstream developments at home and overseas, as well as dozens of downstream ventures. Outside of hydrocarbons, Dubai has set ambitious targets to boost the share of renewables in its energy ecosystem, while striving to set an example for curbing consumption. This chapter contains an interview with Saeed Al Tayer, Managing Director and CEO, Dubai Electricity and Water Authority; and Saif Humaid Al Falasi, Group CEO, Emirates National Oil Company.
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What strategies is DEWA setting up to ensure production capacity can meet growing demand?

 

Investments worth $163bn are planned over the next three decades to reorganise Dubai’s energy sources for its water and power needs. The aim is that by 2050 renewable energy will have replaced carbon fuel as the primary component in the emirate’s energy mix. In order to accomplish this, intermediate targets have been set for 2020 and 2030....

 

Will Dubai’s current production levels be enough to supply increasing energy consumption rates?

 

The economy of Dubai may be considered an outlier for the region, for although its growth and prosperity has been fuelled by its proximity to oil, its own modest hydrocarbons endowment accounted for just 1.3% of GDP in 2016. While its oil-rich Gulf neighbours have long recognised the need to diversify their economies – but have largely been...

 

Decades of dramatic growth form the backbone of Dubai’s development, and its leaders wish to see that pattern continue in the future. However, concerted efforts are being made to ensure the impact of that expansion on the environment is minimised. In addition to its plans for rapid adoption of renewable energy generation, the emirate is also...

Chapter | Energy from The Report: Dubai 2018

The economy of Dubai may be considered an outlier for the region, for although its growth and prosperity has been fuelled by its proximity to oil, its own modest hydrocarbons endowment accounted for just 1.3% of GDP in 2016. While its oil-rich Gulf neighbours have long recognised the need to diversify their economies, Dubai’s leaders understood decades ago that the emirate could only prosper...