A suite of demand-side policies focused on energy efficiency in the industrial sector seek to position the United Arab Emirates as a leader in sustainable manufacturing.PUBLIC SECTOR INTERVENTION 3 Demand Side Management Programme, United Arab EmiratesPUBLIC-PRIVATE PARTNERSHIP 2 Driving sustainable manufacturing, Siemens and Singapore Siemens’ partnership with Singapore’s Economic Development Board (EDB) is advancing sustainable manufacturing through renewable energy integration. Siemens aims to achieve carbon neutrality in its own operations by 2030 and across its supply chain by 2050. In Singapore, the government’s commitment to achieving net-zero emissions by 2050 and its Green Plan 2030 – which includes a target to source all energy from renewables – align with Siemens’ sustainability goals, leading to the establishment of a factory there.While Siemens estimated that on-site renewable energy could only provide up to 40% of the energy needed, the Singaporean government assured that the remaining energy would come from renewable sources. This partnership exemplifies how public-private collaboration can drive long- term sustainability in manufacturing. Source: Siemens Source: Ministry of Industry and Advanced Technology, United Arab Emirates. Impact Financial Regulatory Operational Strategic Short-term costs of compliance among industries will be offset by a reduction in energy demand and usage, forecasted to unlock an estimated AED 14 billion (dirhams) in financial savings by 2050.Stricter regulatory and transparency requirements promote greater energy efficiency and meet energy and water reduction targets of 40% and 50%, respectively, by 2050.Businesses will have to adhere to energy efficiency and reporting requirements on a voluntary basis, but those that embark on the transformation will put themselves at a long- term competitive advantage.Businesses across all sectors (e.g. steel, cement, chemicals, water desalination) must develop long-term energy efficiency strategies that align with the demands of the programme, putting the United Arab Emirates’ industry on a path to becoming a leader in sustainable manufacturing. Beyond Cost: Country Readiness for the Future of Manufacturing and Supply Chains 13

Beyond Cost 2024