UAE bids to host World Energy Congress

Abu Dhabi bid would bring WEC to OPEC member country for first time

NEWS, Business

The UAE's Minster of Energy, HE Suhail bin Mohammed Faraj Faris Al Mazrouei, has confirmed that the United Arab Emirates (UAE) will bid to host the 2019 World Energy Congress (WEC).

The event, which is held every three years, attracts around 5,000 policy makers and private sector leaders from the energy sector.

If its bid is successful, the event would be held in Abu Dhabi. It would be the first time that in the conference's history that it would be held within one of the OPEC member nations.

The 22nd edition of the conferencee is just about to get underway in Daegu, South Korea.

Al Mazrouei said: “The UAE has a strong heritage of energy leadership. We have partnered without interruption with the world’s leading energy companies to ensure reliable oil and gas supply, and we are taking the same approach in new energy sectors, both domestically and globally.

“We are a long-time partner of WEC, and look forward to building a platform in 2019 that drives members’ investment opportunities and enhances their market outlooks.”

The UAE is diversifying its energy portfolio, with 2500 MW of renewable energy and 5.4 GW of nuclear power under development, in addition to large-scale investments in energy efficiency, carbon mitigation, and development assistance, which in 2013 alone saw allocation of over $400m of concessional finance for developing countries.

The chairman of Abu Dhabi Tourism & Culture Authority, Sheikh Sultan Bin Tahnoon Al Nahyan, said: "Abu Dhabi is totally committed to hosting the World Energy Congress in the UAE capital – one of the world’s leading oil & gas cities which is equally committed to sustainable and renewable energy resources.

“In bidding for the 2019 event, we have five years in which to focus our attention to delivering a congress that will raise the bar on this international gathering.

“I can promise you that the entire city – every relevant stakeholder – is fully behind this pitch."

 

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