Sheikh Mohammed briefed on developments in UAE's major logistical sectors

Supplied

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has said that the UAE has a logistical system that is the most sophisticated and efficient of its kind in the region.

He made these remarks at a meeting with a team from the Ministry of Energy and Infrastructure where he was briefed about main approaches of the "Road Map for Leadership in the Energy, Infrastructure, Housing and Transport sectors" to define the objectives of work for the next ten years.

His Highness added that "we want to achieve a qualitative leap in infrastructure, energy and transport fields as part of a vision that combines inclusiveness and integration and takes into account balance and sustainability and enhances our competitiveness regionally and globally."

The UAE has maintained its first global ranking for the third consecutive year with scores of 100 percent in all "Getting Electricity" indicators in the World Bank's Doing Business 2020 report.

The UAE was also ranked first regionally and 12th globally in terms of the quality of infrastructure, and was ranked first regionally and 7th globally in terms of the availability and quality of road and transport infrastructure.

"The private sector is the engine of work in the future and we will work to develop its contribution in infrastructure, energy, transportation and housing projects in the framework of an integrated partnership," he indicated.

He noted that the UAE government looks forward to providing decent housing for all citizens so that no one is left without dignified housing while achieving family stability, community security and enhancing environmental sustainability.

H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, and Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs, attended the meeting where Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, presented to H.H Sheikh Mohammed the most prominent approaches of the "Road Map for Leadership in the Field of Energy, Infrastructure, Housing and Transport sectors."

Al Mazrouei said that the ministry's vision, which is based on the inclusion of all energy, infrastructure, citizens' housing, and transportation sectors within an integrated system for asset management was developed within the ministry's initiatives aimed at promoting and sustaining services.

He also indicated that through this integrated asset management system, it is expected to reduce the cost of managing and maintaining government buildings and facilities by up to 20 percent.

Al Mazrouei reviewed the strategy and initiatives for electricity and future energy for the next 50 years.

In a related context, he spoke about the objectives of the Federal Centre for Road Network Operations Management, which the ministry is nearing completion.

Al Mazrouei also shed light on the achievements of the citizens' housing sector, its development initiatives, a mechanism for sustainability and meeting future needs, preserving the national gains in that area, and the mechanism that works accordingly.

He stressed that all initiatives and projects in this sector aim to achieve the vision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, in providing a decent life for citizens.

More from Business

  • Boeing lines up $35b in funds via stock and bond sale

    Boeing filed papers with the US markets regulator on Tuesday for raising up to $25 billion (AED 91 billion) through a stock and debt offering and entered into a $10 billion (AED 36.7 billion) credit agreement amid a crippling strike and upcoming debt maturities.

  • Masdar and Presight agree AI asset management tool development

    Abu Dhabi Future Energy Company PJSC (Masdar) has signed an agreement with Presight, a leading big data analytics company powered by generative AI, to develop an asset management tool for its renewable energy projects worldwide.

  • Nvidia closing in on becoming world's most valuable company

    Shares of Nvidia closed at their highest ever on Monday, lifting its market value to $3.39 trillion (AED 12.4 trillion) just below Apple's $3.52 trillion (AED 12.92 trillion) and above Microsoft's $3.12 trillion (AED 11.45 trillion).

  • Ajman establishes Higher Energy Committee

    The Ajman Higher Energy Committee has been established to regulate the trade of petroleum in the Emirate, under the directives of His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman.

  • Digital companies growing rapidly: Dubai Chamber

    The growth rate of digital companies in Dubai is double that of traditional companies, according to Vice Chairman of the Dubai Chamber of Digital Economy, Ahmad Bin Byat.