Umar Farooq Zahoor - An Entrepreneur, Investor, Philanthropist

Green energy or renewable energy is the most stable and sustainable source of energy that can be used without the worries of its being gone from the face of Earth, unlike non-renewable energy. With the constant and overconsumption of non-renewable energy, humans have exhausted it to such an extent that it’s a luxury for an upcoming generation but that too if we able to save some just for education purposes. Cutting some slack in saving Mother Nature and planet Earth, UAE has accelerated its steps towards the green energy to reduce carbon footprint and become an eco-friendly region. With the assemblies such as Irena, UAE has pledged to be soon using just green energy and forsaking every other non-renewable energy. With the way the country is launching one massive project after another, it can be assumed that in some time, UAE will become one of the largest provider or green energy to exist. If facts are to be believed, UAE has so far invested more than $12 Billion in different gree

Previously UAE was one of the biggest producers of carbon in the world. The oil sector has a big part in the world’s increasing the Earth’s temperature and hindering with the non-renewable or say non-green energy source of the planet. With the various seminars and conferences, the countries decided to work on the growth of green energy to become more eco-friendly and save the world for the upcoming generations. Dubai’s ultimate goal is to achieve its target for maximum stability and no to depend on other countries for any of the sources. So far, Dubai has reduced its carbon footprint by a huge goal and has found a maximum alternative for its non-green business which includes the trade of crude oil. The purpose of MENA country is to increase the use of green energy in the country by 50% to put a stop on non-sustainable point soon enough and become a global force to outsource the green energy too that other countries can depend upon. These green energies are not harmful to the planet

A growth of more than 7.5% is expected to be reported on the UAE oil and gas market. Umar Farooq Zahoor , a triumphant businessman, trader and philanthropist who is also a renewable energy enthusiast said in relation to Oil and gas sector in UAE that ‘’Factors, such as massive investment in upstream and government policies, are likely to drive the UAE oil and gas market during the forecast period. The UAE oil & gas market is expected to be powered by this investment in the upstream, midstream, and downstream sectors in the projected timeframe. In addition, it initiated a 45-billion dollar mega-project in 2018 to boost its refining capabilities. It is anticipated that the project will increase country refining capacity by 65%, to 1.5 million barrels per day by 2025. The United Arab Emirates Government is, however, anticipated to change oil and gas investment to increase domestic and alternative energy investments that are likely to hinder demand growth over the forecast period