H.H. Sheikh Ahmed stresses importance of participating in the private sector

According to an official announcement, H.H. Shaikh Ahmed bin Saeed Al Maktoum, Chairman of the Supreme Council of Energy in Dubai, received members of the Regulation and Supervision Bureau for the Water and Electricity Sector in the Emirate of Dubai, led by H.E. Ali bin Abdulla Al Owais, President of the Bureau and Members: Ahmed Butti Mehairi, Qossai Mohammed Al Shared, Riyad Mohammed Belhoul and Mustapha Moussa Habib Al Yousef, and in the presence of H.E. Saeed Mohamed Al Tayer, Vice Chairman of the Supreme Council of Energy in Dubai and Members of the Supreme Council of Energy.

H.H. Sheikh Ahmed reportedly stressed that the Government of Dubai was focused on improving transparency through the establishment of the Regulation and Supervision Bureau for the Water and Electricity Sector in Dubai, which will operate under the auspices of the Supreme Council of Energy in the emirate.

The announcement said that His Highness directed the Bureau board members on the importance of participating in the private sector in the production of electricity and water in Dubai, in line with the strategy of the Government of Dubai to enhance sustainable economic development in the Emirate and to build and establish strong partnerships with the private sector.

The announcement highlighted that the Regulation and Supervision Bureau for the Water and Electricity Sector in Dubai would report on the economic, technical and safety standards that utilities must have in place to be eligible for licenses to produce power and water. It added that the reports would be submitted to the Supreme Council of Energy, and the bureau would also monitor the agencies to ensure they continually adhere to the standards.

The Dubai Supreme Council of Energy has been formed as the governing body to seek out and develop such fruitful partnerships, the announcement pointed out. It claimed that Dubai has an approved efficient and proactive regulatory framework in place, paving the way for more Public-Private Partnerships investment between the public and private sectors. Reportedly, studies have proved that added values are created as a result of the growing involvement of the private sector in economic activities.