Projections suggest that rising renewable energy demands in the UAE will create thousands of new jobs in the next two years.
Figures suggest that the demand for solar power energy in the UAE will increase in the next two years. Projections from IRENA (International Renewable Energy Agency) indicate that this demand will create 1,000 new jobs in the Emirates in the next two years.
IRENA says the Middle Eastern Country’s renewable energy industry is already growing; it expanded 18% from 2013 and 2014, and it expects this growth to continue. Meanwhile, MESIA (the Middle East Solar Industry Association) announced that its operations in the UAE will create 1,000 jobs in the next two years. MESIA’s founder, Vahid Fotuhi, said that these positions should come from larger projects, such as the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, as well as small, residential rooftop solar applications.
A range of upcoming commercial projects in this sector e.g. Shams Dubai, will also create roles in a variety of the UAE’s other job markets. This includes construction, procurement, operations, financing, manufacturing and development. Shams Dubai is a DEWA (Dubai Electrical and Water Authority) pilot programme. Not only will it set up regulations for installing solar energy in UAE commercial buildings that are connected to the grid, it’s also designed to encourage businesses throughout the Emirates to install solar panels.
According to IRENA, the solar photovoltaic initiative is the largest renewable energy employer in the world, comprising nearly 2.5 million of the planet’s 7.5 million renewable energy jobs. IRENA’s deputy director of knowledge, policy and finance has argued that regionally, an estimated120,000 jobs could be created every year if the UAE meets its renewable energy targets.
Comparing energy production industries
This is because twice as many roles are created by PVC than by the coal, gas or oil industries. As an industry, conventional energy production has matured. It doesn’t have as many new developments as PVC and other renewable sources, especially considering the fact that energy conservation is now an investment priority across the world.
These PVC products’ manufacturers, as well as their designers, have projected impressive growth volumes for the near future, and the value chain is set to expand significantly. As these manufacturers grow and their production rises, Dubai in particular will need to meticulously examine its power supply and strategize accordingly. DEWA will be required to implement resources in order to meet this heightened demand.
James Swallows’ analysis
If we consider the financial resources of the UAE, the solar energy market look set to transition from a neo-natal stage to full maturity, recording impressive growth volumes in the process. As this process occurs, the project volume of job growth in this sector will lose momentum, as the firms settle into taking care of business.
James Swallow is Commercial Director of Middle East based PRO Partner Group. Pro Partner Group specialises in providing foreign investors with a seamless and financially efficient means to setting up a profitable corporate presence in the UAE, Qatar and Oman.