as a super partner
The United
Arab Emirates
Welcome to the dynamic energy landscape of the United Arab Emirates (UAE), where innovation intersects with tradition to shape the future of the global energy industry. As a hub of strategic importance in the energy sector, the UAE stands at the forefront of advancements in natural gas, crude oil, and clean energy, driving the evolution of the global value chain through pioneering technologies and innovative solutions.
Whether through joint ventures, research partnerships, or technology collaborations, the UAE offers the potential to unlock significant value and accelerate growth. As we navigate the complexities of the global energy landscape, the UAE stands ready to collaborate, innovate, and lead the way towards a sustainable and prosperous future for the energy industry. We join together to harness the power of partnership and innovation to shape the future of energy together.
Shaping the Future of Energy
The UAE's
Role in Innovation and Collaboration
Position in the Global Energy Sector
The UAE holds a strategic position in the global energy sector, with a focus on natural gas, crude oil, and clean energy. Its thriving energy industry, supported by robust infrastructure and strategic partnerships, ensures its prominence in meeting global energy demands sustainably.
Industrial Technologies and Innovation
The UAE is committed to embracing industrial technologies and fostering innovation across various sectors, including energy. Through initiatives like blockchain and the metaverse, the UAE aims to enhance operational efficiency, transparency, and security, setting new standards for the industry.
Strategic Positioning and the Belt and Road Initiative
Aligned with the Belt and Road Initiative, the UAE serves as a crucial link connecting East and West, facilitating trade and investment flows in the energy sector. This strategic positioning enhances the UAE's status as a global energy hub and facilitates international partnerships and collaborations.
UAE's Metaverse Revolution
In the United Arab Emirates (UAE), the concept of the metaverse is rapidly gaining traction as the nation embraces emerging technologies and envisions futuristic urban landscapes. With ambitious initiatives such as Dubai's vision to become the world's first "smart city" by 2030, the UAE is at the forefront of integrating virtual and physical environments to create immersive digital experiences. From virtual reality (VR) theme parks and augmented reality (AR) shopping experiences to innovative applications in education, healthcare, and entertainment, the UAE is leveraging the metaverse to redefine the way people interact, collaborate, and experience the world.
A 2023 Analysis
UAE' Economic and Energy Sector
Overview
Oil and Gas Expansion
- Accelerating Oil and Gas Production and Developing Midstream and Downstream Infrastructure: $150B
Energy Transition
- Investment To Achieve 50% Clean Energy by 2050: $163.35B
- Establishment of “ALTÉRRA”; a Climate Investment Fund: $30B
Technology
- Hub71, Abu Dhabi’s Global Tech Ecosystem: +190 Startups Raising $1.47B in Venture Capital
- Investment in Metaverse Sector by 2027: $5B
- Dubai Metaverse Strategy: Adding $4B to the UAE’s GDP in 5 Years from 2022
- Revenue in the Cryptocurrencies Market: $292.1M in 2024
Oil and Gas Expansion
- The Umm Shaif (Khuf Gas Cap Phase 1) Project
- Hail & Ghasha Oil and Gas Project (Phase 1,2,3)
- the Upper Zakum Oil Field Expansion Project
Renewable Energy for Energy Transition
- Habshan CCUS Project
- Hail & Ghasha Decarbonization Project
- Mohammed bin Rashid Al Maktoum Solar Park, One of the Largest Renewable Energy Projects Globally
- Al Dhafra Solar PV Project, the World’s-largest One
- Green Hydrogen & Ammonia Manufacturing Plant Project
Technology
- Development of the Abu Dhabi Industrial Metaverse Project
- The Abu Dhabi Smart City 2030 Initiative
- +1800 Projects Connected to Blockchain or Crypto
Petrochemical Expansion
- Borouge 4 Expansion Project
Energy Hub
- Oil Resource Hub: 100 billion barrels of proven oil
- Gas Resource Hub: 215 trillion cubic feet
Global Business Hub
- With a Strategic Location
- A World-class Infrastructure
- Having Business-friendly Policies
Renewable Energy Hub
- Sustainable Finance Center
- Focusing on Environmental, Social, and Governance (ESG) Investments, Green Bonds, and Sustainable Funds
- Clean Energy Hub
- Green Hydrogen Hub
- Al Dhafra Solar PV: The New World's Largest Single-site Solar Power Plant
- Having 3 of the World's Largest and Lowest-cost Solar Plants
Global Technology and Innovation Hub
- Crypto Hub
- Blockchain Capital
- Metaverse Hub
- Data Center Hub
Oil and Gas Expansion
- Expanding Oil Production Capacity From 4 Million Barrels a Day (bpd) to 5 Million bpd by 2027
- Increasing Oil Production by 25% Until 2030
- Enhancing Efficiency and Reducing Carbon Emissions in the Oil and Gas Sector
- Deploying Carbon Capture and Storage (CCUS) Technologies
Decarbonization and Clean Energy; Transformation Towards Transition
- Increasing Clean Energy Share to 30%, With a Triple of Renewable Energy Capacity From 14.2 GW to 19.8 GW by 2030
- Creating 50,000 New Green Jobs by 2030
- Becoming Carbon-neutral by 2050
- Aiming for 44% Clean Energy, 38% Gas, 12% Clean Coal, and 6% Nuclear Energy by 2050
- Becoming a Leading Producer of Low-carbon Hydrogen by 2031
- Producing 1.4 million metric tonnes (mmt) of Hydrogen Annually by 2031
- Increasing to 15 mmt of Hydrogen Annually in 2050
Technology and Innovation: Blockchain and Metaverse
- Become a Leader in the Industrial Metaverse
- Aiming to Turn Dubai Into One of the World’s Top 10 Metaverse Economies and a Global Hub for the Metaverse Community
- Attracting More Than 1,000 Companies in the Fields of Blockchain and Metaverse
- Support More Than 40,000 Virtual Jobs by 2030