Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Infrastructure, today revealed the details of the policy regulating the market of energy services providers in the UAE that was approved earlier by the Cabinet.
Developed by the Ministry of Energy and Infrastructure (MoEI), the policy provides guidelines for the contractual framework amongst energy stakeholders and the various contracting mechanisms to consolidate the mechanisms of doing business, financing, and partnerships between the public and private sectors. This will encourage energy service providers and private sector companies to invest in government projects, with the goal of reducing energy and water consumption, carbon footprint, and operational costs in buildings.