The 11th Energy Markets Forum (EMFWEEK23) held in Fujairah, under the patronage of H.H. Sheikh Hamad bin Mohammed Al Sharqi, has highlighted the strategic importance of Fujairah in supporting global energy markets. The statements made by H.H. Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, and other officials at the forum shed light on several aspects of the energy sector and its potential contributions to job creation, economic recovery, and individual well-being.
Economic Hub for International Companies: Fujairah has positioned itself as a vital economic hub for international companies, particularly in the oil industry’s service sector. This role implies a considerable influx of investment and business activities in the emirate, which, in turn, leads to job creation and economic growth. International companies setting up operations in Fujairah are likely to hire a diverse workforce, contributing to job opportunities for both locals and expatriates.
Green Hydrogen Production: The UAE, through its National Hydrogen Strategy, aims to produce green hydrogen on a large scale. This not only addresses the growing demand for clean energy but also creates jobs in research, development, and production of hydrogen technologies. Establishing a hydrogen research and development center will foster innovation and attract professionals in this emerging field.
Energy Sector Investment: The UAE government’s plans to invest a substantial amount in various energy sectors until 2030, ranging from AED150 billion to AED200 billion, will stimulate economic growth. Such investments can lead to the expansion of existing energy infrastructure and the creation of new facilities, thereby generating employment opportunities in construction, operations, and maintenance.
Global Energy Sector Growth: As highlighted by Musa Murad, the General Manager of the Port of Fujairah, global demand for primary energy is expected to rise significantly in the coming years. This growth translates into an increased need for skilled professionals, not only in energy production but also in logistics, transportation, and other related sectors. It’s an opportunity for individuals to find meaningful employment and contribute to the global energy ecosystem.
International Energy Journalism: The recognition of International Energy Journalism Award winners underscores the importance of informed reporting and analysis within the energy sector. High-quality journalism helps stakeholders make informed decisions, potentially leading to more investments and innovations in the energy sector, further bolstering economic growth and job creation in the media industry.
COP28 and Climate-Related Initiatives: Fujairah’s alignment with the objectives and aspirations of the 28th session of the United Nations Framework Convention on Climate Change (COP28) reflects its commitment to addressing climate-related challenges. Such initiatives can drive investments and job opportunities in renewable energy, environmental conservation, and sustainability, promoting not only economic growth but also individual well-being.
In conclusion, the 11th Energy Markets Forum in Fujairah serves as a reminder of the critical role that the energy sector plays in economic development, job creation, and the overall well-being of individuals. The forum’s discussions and commitments, including green hydrogen production, investments, and climate-related efforts, have the potential to not only boost economic recovery but also support the transition to a more sustainable and equitable global economy. This, in turn, can positively impact the livelihoods of the people in the region and beyond