The National
The National
The National
The National


We need to create a circular water economy that maximises every drop


Farid Al Awlaqi
Farid Al Awlaqi
  • English
  • Arabic

September 11, 2024

Access to safe and clean drinking water is one of the most basic human rights. And life as we know it is dependent on water. And yet, about 29 per cent of the world’s population, approximately 2.4 billion people, live in water-stressed countries, with 26 per cent of the world's population lacking access to safe drinking water.

Safeguarding it and ensuring adequate supply for future generations must be a priority for all countries and governments. Water insecurity also has significant economic consequences, with the problem causing an estimated $470 billion of losses annually.

As Cop28 proved – with the unprecedented UAE Consensus – global collaboration and collective action across governments, financial institutions and technology leaders will form a critical part of ensuring universal access to clean water.

Climate change is exacerbating water stress across the globe, lowering the availability of fresh water and furthering the need for water production methods such as desalination, as seen in the increasing number of desalination projects showing up in unexpected regions in Europe, the UK and North America.

As temperatures rise and populations grow, demand for potable water is also increasing at a rapid rate. This is especially pertinent for the Middle East and North Africa, home to seven of the top 10 most water-stressed countries in the world.

Even regions that are historically not as prone to water stress are facing prolonged heatwaves and droughts due to rising temperatures. Failure to adequately address the growing water crisis increases the threat of intensifying conflicts to heightening food insecurity and health crises.

Given the scarcity, the region’s top priorities are researching, developing and implementing innovative technologies as well as the sustainable management of water.

Based on current policy, the International Energy Agency (IEA) predicts the demand for desalination will increase its share of final energy consumption in the Middle East to 10 per cent in 2030 and 15 per cent in 2040, up from 7 per cent today.

The scaling up of development of renewable energy and other efficient technologies is critical to reduce the current policy forecast.

As we stand on the precipice of a potential water crisis, there is a great urgency to act

As the largest producer of desalinated water in the UAE, Taqa is acutely aware of the increasing demand and committed to meeting that demand through sustainable water solutions. As such, we are further strengthening our desalination capabilities in alignment with the UAE’s Mohamed bin Zayed Water Initiative, which aims to address water scarcity globally by accelerating the development of sustainable solutions through awareness, innovation and action.

Desalination through reverse osmosis is a much more efficient technique than thermal-based ones such as multi-stage flash desalination that are also energy intensive. Combining reverse osmosis with renewable energy further reduces the carbon intensity of water production significantly and demonstrates potentially carbon-free sustainable water solutions.

About 50km north of Abu Dhabi, the Taweelah Reverse Osmosis independent water plant, which is now operational, is an example of how reverse osmosis technology can be implemented at scale – it is the largest such RO plant in the world and vital to meet the UAE’s water needs. This and other such upcoming plants can be models for countries in the region and beyond facing similar challenges.

Although desalination is important to tackle the water crisis, it is not the only one. Effective water management practices extend beyond producing desalinated water. They must include efficient distribution throughout the network; reduced consumption through awareness-raising and adoption of new technology; and the recycling of wastewater for reuse. By integrating these practices, we can create a circular water economy that maximises every drop and ensures sustainable water use, benefiting people and the environment.

The Middle East isn't the only region facing the issue of access to water. It is an issue every country faces. A report by the Global Commission on the Economics of Water found that the world potentially faces a 40 per cent shortfall in fresh water supply by 2030, with severe shortages in water-constrained regions.

The only way in which countries across the world can meet the growing demand for water is through multilateral action, with collaboration across governments, industries and the financial community.

The UAE has established itself as a global leader in developing large-scale affordable desalination and water treatment solutions, with the adoption of the public-private partnership model enabling companies such as Taqa to blend private international capital and technological expertise to deliver water technologies at scale without delay.

Knowledge-sharing platforms such as the World Utilities Congress next week, the International Desalination and Reuse Association World Congress, along with high-level forums such as the World Economic Forum and Cop29 later this year, will play a crucial role in advancing progress in tackling water scarcity and scaling up desalination efforts globally.

As we stand on the precipice of a potential water crisis, there is a great urgency to act. The region’s proactiveness in championing desalination technology offers a glimpse into a future where water scarcity can be mitigated sustainably.

It is a collective journey that requires the collaboration of nations, industries, and communities to safeguard our most precious resource.

THE SPECS

Engine: Four-cylinder 2.5-litre

Transmission: Seven-speed auto

Power: 165hp

Torque: 241Nm

Price: Dh99,900 to Dh134,000

On sale: now

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BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

DEADPOOL & WOLVERINE

Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 3/5

MATCH SCHEDULE

Uefa Champions League semi-final, first leg
Tuesday, April 24 (10.45pm)

Liverpool v Roma

Wednesday, April 25
Bayern Munich v Real Madrid (10.45pm)

Europa League semi-final, first leg
Thursday, April 26

Arsenal v Atletico Madrid (11.05pm)
Marseille v Salzburg (11.05pm)

SRI LANKA SQUAD

Upul Tharanga (captain), Dinesh Chandimal, Niroshan Dickwella
Lahiru Thirimanne, Kusal Mendis, Milinda Siriwardana
Chamara Kapugedara, Thisara Perera, Seekuge Prasanna
Nuwan Pradeep, Suranga Lakmal, Dushmantha Chameera
Vishwa Fernando, Akila Dananjaya, Jeffrey Vandersay

Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

Generation Start-up: Awok company profile

Started: 2013

Founder: Ulugbek Yuldashev

Sector: e-commerce

Size: 600 plus

Stage: still in talks with VCs

Principal Investors: self-financed by founder

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

THE%20SPECS
%3Cp%3EBattery%3A%2060kW%20lithium-ion%20phosphate%3Cbr%3EPower%3A%20Up%20to%20201bhp%3Cbr%3E0%20to%20100kph%3A%207.3%20seconds%3Cbr%3ERange%3A%20418km%3Cbr%3EPrice%3A%20From%20Dh149%2C900%3Cbr%3EAvailable%3A%20Now%3C%2Fp%3E%0A
Crime%20Wave
%3Cp%3EHeavyweight%20boxer%20Fury%20revealed%20on%20Sunday%20his%20cousin%20had%20been%20%E2%80%9Cstabbed%20in%20the%20neck%E2%80%9D%20and%20called%20on%20the%20courts%20to%20address%20the%20wave%20of%20more%20sentencing%20of%20offenders.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3ERico%20Burton%2C%2031%2C%20was%20found%20with%20stab%20wounds%20at%20around%203am%20on%20Sunday%20in%20Goose%20Green%2C%20Altrincham%20and%20subsequently%20died%20of%20his%20injuries.%3C%2Fp%3E%0A%3Cp%3E%26nbsp%3B%E2%80%9CMy%20cousin%20was%20murdered%20last%20night%2C%20stabbed%20in%20the%20neck%20this%20is%20becoming%20ridiculous%20%E2%80%A6%20idiots%20carry%20knives.%20This%20needs%20to%20stop%2C%E2%80%9D%0D%20Fury%20said.%20%E2%80%9CAsap%2C%20UK%20government%20needs%20to%20bring%20higher%20sentencing%20for%20knife%20crime%2C%20it%E2%80%99s%20a%20pandemic%20%26amp%3B%20you%20don%E2%80%99t%20know%20how%20bad%20it%20is%20until%20%5Bit%E2%80%99s%5D%201%20of%20your%20own!%3C%2Fp%3E%0A

Duterte Harry: Fire and Fury in the Philippines
Jonathan Miller, Scribe Publications

PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

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If you go:

 

Getting there:

Flying to Guyana requires first reaching New York with either Emirates or Etihad, then connecting with JetBlue or Caribbean Air at JFK airport. Prices start from around Dh7,000.

 

Getting around:

Wildlife Worldwide offers a range of Guyana itineraries, such as its small group tour, the 15-day ‘Ultimate Guyana Nature Experience’ which features Georgetown, the Iwokrama Rainforest (one of the world’s four remaining pristine tropical rainforests left in the world), the Amerindian village of Surama and the Rupununi Savannah, known for its giant anteaters and river otters; wildlifeworldwide.com

Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin

Updated: September 14, 2024, 5:49 PM