The UAE shows strong interest to invest in Pakistan’s renewable energy sector
United Arab Emirates (UAE) has shown interest in investing in renewable energy sector of the country. Talking to Federal Minister for Climate Change Sherry Rehman here Thursday, UAE’s Minister for Industries and Advanced Technologies and President-designate for COP28 Dr Sultan Ahmed Al Jaber has said that his government was keen to identify investment projects for public and private sector companies. “We are ready and keen to work with Pakistan in the renewable energy sector”, he said. Dr Sultan Ahmed Al Jaber also called on Prime Minister Shehbaz Sharif during his day-long official visit. The minister said that the UAE was also interested in the conventional energy sector. He showed interest in holding talks with the relevant people on supply of LNG and other products.
Welcoming UAE interest in renewable energy, Sherry Rehman said that the government was committed to take the country towards environment friendly resources. She said that Pakistan was looking for foreign investment in solar energy projects. She said that deteriorating climatic conditions were causing huge economic losses. “We have suffered huge economic losses due to floods”, she said, adding that Pakistan was facing several climate-induced challenges like water scarcity, fast melting of glaciers and forest fires. She said that the government desired increasing mangrove covers. She shared Pakistan’s progress on climate and environmental goals ahead of the COP28 conference scheduled to be held in UAE. The visiting official is accompanied by Hana Sayed Mohammad Alhashimi, the UAE Chief Climate Negotiator for COP27 and COP28, as well as Majid Al Suwaidi, the Director-General and Special Representative of COP28. The delegation also includes Ahmed Mohammed Al Kaabi, the Assistant Under-Secretary for Oil, Gas and Mineral Resources from the Ministry of Energy and Industry, and Hamad Obaid Ibrahim Salem Al-Zaabi, the UAE Ambassador to Pakistan. transform this contentChatGPT
During a meeting between Pakistan’s Federal Minister for Climate Change, Sherry Rehman, and UAE’s Minister for Industries and Advanced Technologies, Dr. Sultan Ahmed Al Jaber, it was revealed that the UAE has expressed interest in investing in Pakistan’s renewable energy sector. Dr. Al Jaber stated that his government is eager to identify investment projects for both public and private sector companies.
Dr. Al Jaber also had discussions with Prime Minister Shehbaz Sharif during his official visit. Apart from renewable energy, the UAE also displayed interest in the conventional energy sector and expressed a desire to hold talks regarding the supply of LNG and other products.
Sherry Rehman welcomed the UAE’s interest in renewable energy and emphasized the government’s commitment to transitioning towards environmentally friendly resources. Pakistan is actively seeking foreign investment in solar energy projects. Rehman highlighted the economic losses caused by deteriorating climatic conditions, including floods, water scarcity, melting glaciers, and forest fires. She also expressed the government’s goal of increasing mangrove covers.
Rehman shared Pakistan’s progress on climate and environmental goals in preparation for the upcoming COP28 conference, scheduled to take place in the UAE.
Accompanying Dr. Al Jaber were Hana Sayed Mohammad Alhashimi, the UAE Chief Climate Negotiator for COP27 and COP28, as well as Majid Al Suwaidi, the Director-General and Special Representative of COP28. The delegation also included Ahmed Mohammed Al Kaabi, the Assistant Under-Secretary for Oil, Gas, and Mineral Resources from the Ministry of Energy and Industry, and Hamad Obaid Ibrahim Salem Al-Zaabi, the UAE Ambassador to Pakistan.
