New initiative to spur Sustainable Blue Economy in Umm Al Quwain – Gulf Today

New initiative to spur Sustainable Blue Economy in Umm Al Quwain – Gulf Today

Abdulla Bin Touq Al Marri and other dignitaries after the event at COP28 in Dubai.

The Government of Umm Al Quwain (UAQ), in close partnership with the UAE Ministry of Economy and Emirates Nature-WWF, has announced the launch of an initiative to develop a set of robust Sustainable Blue Economy (SBE) guidelines spanning key sectors such as Tourism and Recreation, Built Environment, and Blue Food, among others.

The initiative was officially announced at a high-level ministerial event at COP28 by Sheikh Majid Bin Saud Al Mualla, Chairman of UAQ Tourism and Archaeology, Abdulla Bin Touq Al Marri, Minister of Economy, and Laila Mostafa Abdullatif, Director General of Emirates Nature-WWF joined by Mohamed Al Marzooqi, CEO of HSBC UAE who discussed the role of public-private partnerships in unlocking innovative financial mechanisms towards SBE.

The event “Building a Sustainable Blue Economy in the UAE” was held at the UAE Pavilion and showcased Umm Al Quwain as an emerging SBE model, not only within the UAE but also in the Mena region, demonstrating the milestones achieved by the emirate as it implements its ambitious Sustainable Blue Economy Strategy 2031. Development of guidelines is a key step in this process of establishing a sustainable marine-based