Twenty-five per cent of the UAE’s needs will be dependent on clean nuclear energy when the first nuclear plant will be launched in 2017, General Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, announced.
Shaikh Mohammad made the announcement at the Government Summit’s main plenary session.
The third Government Summit, being held under the patronage of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, at the Madinat Jumeirah from February 9 to 11, is being attended by heads of state, high-ranking government officials, technology experts and educationists from around the world.
Shaikh Mohammad said that 50 years from now, there may be no more oil reserves to depend on, which is why the UAE government has started to focus on alternative resources to further build its economic strength.
“Today, under the leadership of Shaikh Khalifa, our economy is strong and flourishing. Shaikh Khalifa is directing us to focus on education, health, innovation, economic diversity and security.”
Shaikh Mohammad admitted that the UAE was late in focusing on education. However, knowing that you are late and working on it is what matters, he said.
“In this period, while we have the resources and wealth, we must invest in education. If we do so correctly now, in 50 years, when we ship off the last barrel of petrol, we will not be sad. I promise you, my brothers and sisters, we will be celebrating.”
Shaikh Mohammad said there is no doubt that there are a lot of challenges in education and to overcome these challenges, there has to be a clear vision. The outcome of education for the next 20 years, he said, must be known from now.
“With the leadership of Khalifa, we established the Abu Dhabi Investment Authority ( ADIA ) in the ’70s, which today is considered the second-biggest sovereign investment fund in the world. We have also started working on establishing a plant for clean nuclear energy; 25 per cent of the country’s needs will be dependent on this clean nuclear energy once we build the first nuclear plant in 2017.”
He acknowledged Ahmad Khalifa Al Suwaidi and Mohammad Habroush for their role in the founding of ADIA .
Shaikh Mohammad said the country has also started advancing in the manufacturing industry. “Srata Manufacturing in Abu Dhabi manufactures parts of Boeing and Airbus planes. If that is not impressive enough, 83 per cent of the workforce are women,” he added.
“The role of women in the UAE is very important; women are skillful and represent 50 per cent of the total population.”
Shaikh Mohammad also congratulated Shaikh Mohammad Bin Rashid Al Maktoum for building Dubai International Airport, one of the biggest international airports in the world, where the number of travelers reached 70 million.
“All of the examples I just gave show the diversity of our economy, which is a source of pride for us.”
Shaikh Mohammad acknowledged that oil prices were at a low now, but people forget that in 2008, they were even lower but “the ship continued sailing”, he said.