EV Charging Stations Increased 60% Across UAE in 3 Years

UAE Minister of Energy and Infrastructure Suhail al-Mazrouei speaks at the second edition of the Electric Vehicles Innovation Summit (EVIS2023). (WAM)
UAE Minister of Energy and Infrastructure Suhail al-Mazrouei speaks at the second edition of the Electric Vehicles Innovation Summit (EVIS2023). (WAM)
TT

EV Charging Stations Increased 60% Across UAE in 3 Years

UAE Minister of Energy and Infrastructure Suhail al-Mazrouei speaks at the second edition of the Electric Vehicles Innovation Summit (EVIS2023). (WAM)
UAE Minister of Energy and Infrastructure Suhail al-Mazrouei speaks at the second edition of the Electric Vehicles Innovation Summit (EVIS2023). (WAM)

UAE Minister of Energy and Infrastructure Suhail al-Mazrouei revealed that the country's electric vehicle (EV) charging stations had risen nearly 60 percent over the past three years.

Mazrouei pointed to a noticeable increase in EV sales, which aligns with the ambitious plans, qualitative initiatives, and incentives provided by the government to encourage the conversion to electric vehicles.

Speaking on the sidelines of the Electric Vehicles Innovation Summit (EVIS2023), the minister said that the increase in the shift towards electric vehicles will contribute to reducing the carbon footprint, in line with the UAE's efforts to achieve climate neutral by 2050.

The government aims to increase the number of EVs on the roads by 2050, which would support the UAE's goals for climate neutrality, said the minister, noting that transportation is one of the sectors most concerned with reducing the carbon footprint.

He indicated that this requires everyone to take practical steps to reduce transportation emissions and help build appropriate infrastructure, frameworks, and policies to design a sustainable sector.

According to Statista, transportation accounts for 17 percent of global greenhouse gas emissions - behind only the power sector.

Public charging stations

Mazrouei announced that to fully realize the potential of electric mobility, the UAE is deploying a nationwide network of public and private charging stations equipped with the latest innovative technologies to reduce charging time.

"The stations follow a national guide that unifies their specifications across the emirates and aligns them with world-class standards," he added.

The minister stated that EVs "are set to be at the core of our shift to green mobility. The EV market looks promising and offers unique investment opportunities. We invite future-thinking businesses to capitalize on these opportunities."

EVIS2023 aims to promote the transition from dependence on fossil fuels to electric mobility, which saves the planet from the environmental consequences of CO2 and other emissions.

The summit's two-day conference will bring together delegates, experts, and representatives of the mobility industry from dozens of countries to discuss the current landscape and future challenges and opportunities.

It will feature more than 75 sessions, with keynote speakers, presentations, and panel discussions covering the EV industry's complete value chain.

It will be a valuable opportunity for attendants to network, share ideas and insights, and strike business deals.



Oracle to Invest $6.5 Bn in Malaysian Cloud Services Region

(FILES) US multinational computer technology company Oracle's logo is pictured at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2024. (Photo by PAU BARRENA / AFP)
(FILES) US multinational computer technology company Oracle's logo is pictured at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2024. (Photo by PAU BARRENA / AFP)
TT

Oracle to Invest $6.5 Bn in Malaysian Cloud Services Region

(FILES) US multinational computer technology company Oracle's logo is pictured at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2024. (Photo by PAU BARRENA / AFP)
(FILES) US multinational computer technology company Oracle's logo is pictured at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2024. (Photo by PAU BARRENA / AFP)

Tech giant Oracle on Wednesday said it plans to invest more than $6.5 billion on cloud services data centers in Malaysia, joining a list of US titans rushing to build up their AI infrastructure in Southeast Asia.

The firm said the cloud region would help organizations in the country modernize their applications, migrate their workload to the cloud and innovate with data, analytics and artificial intelligence.

Oracle is working to expand its cloud infrastructure business globally. The company recently projected it will surpass $100 billion in revenue in fiscal 2029, driven by increasing demand for cloud services.

Malaysia's new cloud region will be the firm's third in Southeast Asia, following two facilities in neighboring Singapore.

"Malaysia offers unique growth opportunities for organizations looking to accelerate their expansion with the latest digital technologies," Garrett Ilg, Oracle's executive vice president for Japan and Asia Pacific, said in a statement.

"Our multi-billion-dollar investment affirms our commitment to Malaysia as a regional gateway for cloud infrastructure as well as a comprehensive suite of software as a service applications deployed within Malaysia."

The statement also quoted Malaysia's Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz as welcoming the investment, saying it would help firms with innovative and cutting-edge AI and cloud technologies to boost their global competitiveness.

"Oracle's decision to establish a public cloud region in Malaysia underscores Malaysia's infrastructure readiness, and its growing position as a premier Southeast Asian destination for digital investments," he added.

Oracle is the latest global tech giant to announce major digital investments in Southeast Asia. Google-parent Alphabet said in May it would invest $2 billion to house the firm's first data center in Malaysia.

Google on Monday said it plans to invest $1 billion to build digital infrastructure in Thailand, including a new data center.

Amazon and Microsoft have also announced investments worth billions of dollars in the region as demand for AI hots up.

Malaysian Prime Minister Anwar Ibrahim on Tuesday announced that the country plans to develop a National Cloud Policy.