UAE | Government
UAE uses oil revenues in right way, says Bush
US President George W. Bush said on Monday that the UAE has invested and used its oil wealth judiciously.
- WAM
- Published: 11:24 January 14, 2008
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Abu Dhabi: US President George W. Bush said on Monday that the UAE has invested and used its oil wealth judiciously.
Bush made the statement during a tour of the Masdar Initiative exhibition at the Emirates Palace Hotel where he was briefed on the multi-faceted, multi-billion dollar initiative to develop and commercialize renewable and alternative energy, and clean technology.
The initiative reflects Abu Dhabi's comprehensive investment in future energy solutions and clean technology—from design to research laboratory to mass deployment.
Bush expressed his delight at visiting the UAE as part of his broader tour of the Middle East.
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