Emirates aim for $100B in alt energy projects

In the UAE, the Organising Committee for the Investment Map Conference plans on opening offices in Italy, South Korea, Spain and the UK to attract US $100 billion in investments for sustainable and alternative energy projects.  First Deputy Chairman, Feras Dahlan, stated, “The IMC seeks to achieve ecological balance and sustainable development, to strengthen the UAE’s position regionally, to encourage national economic reforms, to gain international exposure, to raise GDP and to promote employment development.”  The UAE has a seven year investment development plan in place, with alternative energy and biofuel projects currently underway.