Annual growth of up to 5% in energy demand has been projected by the Dubai Electricity and Water Authority (DEWA) through 2030, reflecting the pace of industrial and economic growth in Dubai. To meet this increased demand, production capacity, transmission and distribution networks have all been expanded. The priority given to energy efficiency...
With 70% of electricity use in Dubai’s buildings committed to cooling, developing efficiencies in this market segment is a main focus of the emirate’s demand side management (DSM) strategy.
The hydrocarbons sector accounts for about 80% of all government revenues in the UAE. However, the sector’s GDP share varies substantially, from over 50% in Abu Dhabi to less than 6% in Dubai. Given its modest hydrocarbons endowment, Dubai continues to import most of its energy feedstock. The emirate is working to diversify its energy mix on both the supply and demand side. With 70% of...
The emirate posted robust economic expansion across all sectors in 2013, and its resilience in the years following the global economic downturn has helped to re-build confidence among the global business community. Dubai has set itself the target of reaching 20m visitors per year by 2020 and the emirate received a major boost to this end when it won the right to host World Expo 2020 in November 2013.
In 1937, decades before the UAE had been established, Dubai concluded its first oil concession deal with Petroleum Development Trucial Coast (PDTC), a British oil company. It was not until 1952 that the first drilling began, and not until 1966 that a commercially viable oil field was found.
Developed in 2010 and initiated in 2011, the Dubai Integrated Energy Strategy 2030 (DIES) aims to guide the emirate’s energy sector toward sustainability and enhanced efficiency. Responsible for executing the plan is the Dubai Supreme Council of Energy (DSCE), a governing body made up of key stakeholders.
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×