The Emirate of Dubai is ranked amongst the top 20 destination cities around the world for Greenfield FDI in the Renewable Energy Sector. With massive investments in areas including Solar Energy, amongst others, it is estimated that the sector will contribute to up to 5.5% higher GDP growth and create 160,000 jobs by 2030.
Spurred by over AED 100 billion in grants and funding, Dubai is on track to becoming the leading Green Economy in the region. Dubai’s strong commitment to combatting Climate change is evident from its investments in Green Economy and Sustainable developments.
Its push towards renewable energy as well as investment in recycling, waste management and more have made it a regional leader for addressing and dealing with climate change issues.
Urban Solutions and Sustainability
Dubai is regarded as the epitome of urbanization, modern architecture and rapid change. With its population quadrupling from 500,000 in 1990 to over 2.3 million in 2015, its urban landscape has undergone some of the most advanced modernizations in the world.
Dubai is now home to 17 of the 100 tallest skyscrapers in the world, the first urban train network in the Arabian Peninsula and over 66km² in total paved area. It is an attractive destination for smart urban solutions innovators that help Dubai achieve its vision of becoming the Smartest City in the world.
Amongst the GCC cities, Dubai has one of the most ambitious plans for bolstering its Circular Economy. The Dubai Plan 20201 sets ambitious targets for treatment of waste, the development of renewable energy and water recycling, aiming for a 75% waste diversion from landfills by 2021.
The emirate is driving the momentum in the region to transition towards a more circular economy and has already attained significant achievements in attaining that goal.