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UAE uses its oil revenues in right way: Bush

posted on 14/01/2008: 652 views



US President George W. Bush said on Monday the UAE has invested and used its oil wealth judiciously. The US president made the statement today during a tour of the Masdar initiative exhibition staged at the Emirates Palace Hotel where he was briefed on the multi-faceted, multi-billion dollar initiative to develop and commercialise 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. The US President expressed his delight at visiting the UAE as part of his broader tour of the Middle East. – Emirates News Agency, WAM

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