Abu Dhabi is leading global efforts to shape the future of the energy sector.
That's according to the UAE's Minister of Energy and Industry, who says the city is on it's way to becoming the world’s energy capital.
Suhail Al Mazrouei made the comments ahead of the 24th edition of the World Energy Congress, which gets underway in Abu Dhabi on Sunday.
More than 15,000 people including 4,000 delegates and 66 ministers from around the world, are expected to attend the three-day event.
The event offers a unique platform for leaders in sector to explore new ideas, critical innovation areas, and new strategies.
It's the first time that the conference is being held in the Middle East since its inception in 1924.
Positioned as the flagship event of the World Energy Council, the triennial Congress is regarded as the longest-running and most influential energy event in the world.
Family businesses remain a vital force in the UAE’s economy, contributing around 60 per cent of the country’s GDP, providing more than 80 per cent of jobs, and making up nearly 90 per cent of all private sector companies.
Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut.
Microsoft has expanded its global skilling initiative - Elevate - to equip more than 250,000 students, staff and faculty and more than 55,000 government employees in the UAE with AI skills.