KHALEEJ TIMES, Sunday, Aug 30, 2020 | Muharram 11, 1442
UAE's private sector engine to drive future: Sheikh Mohammed
Emirates:
The UAE's logistics system is the strongest and most efficient in the
region and the private sector is the engine for the future economy, His
Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime
Minister of the UAE and Ruler of Dubai, said on Saturday.
He said the UAE must continue developing its transportation systems to preserve
excellence in this regard.
"We want to achieve another qualitative leap in infrastructure, energy and
transportation, and this leap must be under one comprehensive and integrated
plan," Sheikh Mohammed said during a meeting with a team from the Ministry of
Energy and Infrastructure.
Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of
Presidential Affairs; Mohammed bin Abdullah Al Gergawi, Minister of Cabinet
Affairs; and Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and
Infrastructure, attended the meeting.
"Today, the UAE is the region's biggest hub for business and innovation, and
energy and infrastructure projects are key to sustain this distinction," Sheikh
Mohammed said. He asserted that the private sector is the engine for future
economy and the UAE will continue developing partnership with the private sector
in the fields of infrastructure, energy, transportation and housing projects.
Al Mazrouei presented to Sheikh Mohammed and his accompanying delegation the
ministry's 10-year plan, aimed at integrating the energy, infrastructure,
housing and transportation sectors into one comprehensive asset management
system to enhance the services and ensure sustainability.
He also briefed the Prime Minister about the country's pioneering rankings in
the energy, infrastructure and housing sectors as the UAE has maintained its
first global ranking for the third consecutive year with scores of 100 per cent
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 seventh globally
in terms of the availability and quality of road and transport infrastructure.
"The new comprehensive asset management system would reduce maintenance costs by
20 per cent," Al Mazrouei said.
He also reviewed the strategy and initiatives for electricity and future energy
for the next 50 years.
In a related context, the minister 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.
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