The Mining Show 2024 commenced today under the patronage of the UAE Ministry of Energy and Infrastructure (MoEI), bringing together governments, businesses, and investors to discuss advancements in the mining sector.
In his opening remarks, Saif Ghubash, Assistant Undersecretary for Petroleum, Gas, and Mineral Resources at MoEI, emphasized the pivotal role of minerals in the global energy transition.
"Lithium, copper, cobalt—these are the building blocks of tomorrow's energy, powering electric vehicles, renewable grids, and technologies shaping the next century,"
he stated.
Ghubash announced the UAE's first-ever Mineral Resources Strategy, which aims to increase the mining sector's contribution to non-oil GDP to 5% by 2030 and grow the presence of mining companies by 10%. The strategy is guided by sustainability principles, ensuring the sector aligns with the UAE's green ambitions.
Highlighting the nation’s industrial growth, Ghubash noted that industrial exports reached AED187 billion in 2023, marking a 61% surge, while the sector’s contribution to GDP climbed 55% to AED205 billion over three years.
The UAE is also securing critical mineral supplies through investments in Africa and Latin America, focusing on lithium and copper.
"These investments are part of a broader vision: to build a secure, Emirati-led supply chain that supports the global energy transition,"
Ghubash added.
The Mining Show 2024 serves as a platform for stakeholders to network and explore sustainable solutions for the evolving mining industry, aligning with the UAE's commitment to a future driven by clean energy.
News Source: Emirates News Agency
