The group’s hospitals continued to be a core driver of its performance, with net profit from these businesses jumping more than 31 per cent to Dh137 million
business1 day ago
The National Hydrogen Strategy aims to turn the UAE into a leading producer and exporter of low-carbon hydrogen by 2031.
The strategy targets reducing carbon emissions by 25 per cent in the next eight years and 100 per cent by 2050 — particularly in hard-to-abate sectors like heavy industries, land transport, aviation, and sea freight.
The goals include producing 1.4 million tonnes per annum (MTPA) of hydrogen by 2031 and 15 MTPA by 2050.
The UAE will also establish a hydrogen research and development centre and several hydrogen oases, such as fuelling stations.
The strategy seeks to develop a resilient hydrogen supply chain to support the growth of the local industry, consolidate the UAE’s role as a leading global producer and supplier of low-carbon hydrogen, promote innovation in industrial zones in the country, and establish a robust hydrogen economy that can support the country’s nationwide decarbonisation efforts. The strategy stresses the significance of economic growth and create thousands of jobs in the hydrogen sector.
Here’re 10 steps and enablers identified within three main stages in the strategy to reach the targets set by 2031:
There are three key phases to implement the 10 enablers:
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