Wednesday, Jul 13, 2011
Gulf News
Dubai The UAE government wants to attract $100 billion (Dh367 billion) worth of investment in alternative and sustainable energy projects by 2020.
Feras Dahlan, CEO of Dar Al Tawasol and First Deputy Chairman of the Organising Committee for the Investment Map Conference (IMC), told Gulf News yesterday that eco-projects including bio-fuel production and alternative energy are already underway in the emirates.
He added that the UAE government wanted to boost investment in clean energy technology over the next five years. A seven-year investment development plan is also in place.
Dahlan said that the IMC will open four offices in the UK, Italy, Spain and South Korea to attend to investors and developers and let them know about the UAE, its regulations, laws and investment opportunities.
“We will work hard to attract investors from China, South Korea, the UK, Italy, Spain, the US, Argentina, Brazil, Russia and other countries which would be interested in launching projects in the country,” said Dahlan.
“The IMC seeks to achieve ecological balance and sustainable development, to strengthen the UAE’s position regionally, to encourage national economic reforms, to gain international exposure, to raise GDP and to promote employment development.”
By Shehab A. Makahleh?Staff Reporter
Gulf News 2011. All rights reserved.
