The UAE has unveiled the XPRIZE Water Scarcity competitors, which has a complete prize purse of $119 million, to encourage international innovators to deal with remodeling the reliability, affordability and sustainability of water desalination applied sciences.
The five-year contest was introduced following a partnership between the Mohamed bin Zayed Water Initiative and XPRIZE valued at $150 million in investments.
Greenlighted by UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the Mohamed bin Zayed Water Initiative goals to prioritise water shortage globally by advancing sustainable technological options to mitigate its threats to folks, companies, and communities.
“The solutions that currently exist to address the water scarcity crisis are not sufficient to prevent a range of unacceptable scenarios from occurring,” mentioned Sheikh Abdullah bin Zayed Al Nahyan, Foreign Minister and Chairman of the Mohamed bin Zayed Water Initiative.
“New solutions are therefore urgently required, and the Mohamed bin Zayed Water Initiative is committed to collaborating with stakeholders from around the world to uncover these new ideas, to prove their viability, and to bring them to fruition as efficiently as possible.”
The Mohamed bin Zayed Water Initiative is a part of broader efforts led by the UAE to sort out international water shortage that poses a rising risk, impacting billions yearly resulting from numerous elements like inhabitants development, infrastructure challenges, and local weather change.
UAE President witnesses partnership announcement between Mohamed bin Zayed Water Initiative and XPRIZE#WamNews https://t.co/3lPv9A0Hhh pic.twitter.com/MhO6IvC6PV
— WAM English (@WAMNEWS_ENG) March 1, 2024
