2013-08-27 09:34:48 - New Materials research report from Business Monitor International is now available from Fast Market Research
Growth of the economy, water demand and shrinking natural resources are pressuring the existing water infrastructure and create the possibility of a future supply shortfall. The leadership is keenly aware of this and have set out a strategy to focus on expanding production and improving efficiency. We believe that this presents numerous opportunities for investment in the future.
Growth of the economy, water demand and shrinking natural resources are pressuring the existing water infrastructure and create the possibility of a future supply shortfall. The finite natural water resources and ongoing economic and cultural growth in the UAE have elevated the importance of modernising and expanding the water sector for both the government and the private sector.
The leadership has set out a
strategy to focus on expanding production and improving efficiency. Several key steps are being implemented over 2013 to support this strategy, including the announcement of new water rationalization legislation that will decrease consumption in all sectors, and the declaration of a unified strategy among all Emirates with a focus on expansion of desalination capacity, system modernization and reduction of waste.
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Key projects continue to progress and the announcement of a unified water strategy and system among the Gulf nations will support growth in the sector. These developments are vital to bolster the country's struggling water systems, particularly as the UAE Federal Electricity and Water Authority (FEWA) expects overall water consumption to grow nearly 30% by 2030.
* The UAE leadership's current water management strategy is two-fold, and focuses on maximizing resources by improving efficiency while also growing supply through expansion of desalination capacity. In addition to these core goals, there is a clear focus on cooperative regional investment and water sharing agreements that will bolster the stability of water resources in the region.
It is BMI's view that there is huge opportunity for investment in the water production, energy, technology and construction sectors as the expansion of these vital utilities is a key priority and the government and private sector is both willing and able to support investment and growth.
Recent developments include:
* The Minister of Water and Environment, Rahid Ahmed be Fahd introduced a law in early July 2013 that mandated the obligatory rationalization of water and power use for all residents including individuals, corporations and over 3,000 government agencies. Officials state this could reduce water consumption by up to 30% and will be enacted in 2014.
* In early June 2013 the Gulf Corporation Council announced it was drafting a unified water strategy for all member states. Although final terms are yet to be defined there has been an agreed focus on production growth and unified conservation. As part of the strategy it has been agreed that there will be a common water network established by all GCC member states. It is estimated that the creation of a unified network will cost $US1bn to complete and implement and there has already been a large amount of investment in neighbouring nations infrastructure by the GCC in recent months.
* The M Power station in Dubai, was inaugurated for use in Q3 2013. The plant will have a capacity of 80,000m3 of water per day, and the Furaijah plant will expand capacity by 137,000m3/day and have a total capacity of 592,000 m3/day.
* In January 2013 Spain's Acciona won a US$190mn contract to expand the Fujairah 1 IWPP. The company will design, build and operate the expansion for a seven-year period, with a completion date set for 2015.
Key BMI Forecasts include:
* Water extraction will decline by 4.1% y-o-y over 2013, to 1597mn cubic metres.
* Mains water consumption will amount to around 1465mn cubic metres over 2013.
* Total wastewater discharged into mains sewage networks will reach over 500mn cubic metres over 2013, of which 94.6% will receive some form of water treatment.
About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010
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