A delegation from the UAE met with representatives from nearly 30 German firms on Tuesday throughout a roundtable. The target was to speed up industrial collaboration and construct on joint efforts in selling sustainable industrial growth, de-carbonisation and vitality safety.
The roundtable co-hosted by the Ministry of Trade and Superior Expertise (MoIAT) throughout Hannover Messe, the world’s largest business commerce honest, was attended by representatives from the Abu Dhabi Division of Financial Growth (ADDED), ADNOC Group, Abu Dhabi Funding Workplace, KEZAD Group, and Dubai Industrial Metropolis.
Titled ‘Make it within the Emirates: The UAE as a International Industrial Hub’, the roundtable launched German firms to the UAE’s distinctive worth proposition and imaginative and prescient for sustainable industrial progress. It additionally showcased the Make it within the Emirates initiative, which invitations overseas industrialists, traders and innovators to profit from the UAE’s aggressive benefits.
Chaired by Omar Al Suwaidi, Underneath-Secretary of the Ministry of Trade and Superior Expertise, the roundtable highlighted how overseas firms can profit from collaborating with UAE entities in addition to from incentives and enablers launched by the federal government, nationwide champions reminiscent of ADNOC, and industrial zones.
Addressing delegates, Al Suwaidi mentioned, “The UAE and Germany are making regular progress in very important fields reminiscent of hydrogen gas, which will likely be crucial to industries of the long run. The partnerships between our authorities establishments and nationwide enterprises are resulting in pioneering innovation in sectors reminiscent of inexperienced metal. By combining our strengths, abilities and sources, the UAE and Germany can pave the way in which for better vitality safety and extra sustainable industrial growth in our respective areas.”
He added, “Our two nations are aligned on creating options to business’s world challenges, and there’s vital urge for food for collaboration amongst our industrial communities. As a ministry, we’re dedicated to supporting industrial firms within the UAE to work alongside worldwide counterparts to realize enterprise progress and undertake finest practices. In keeping with our nationwide industrial technique, we’ll proceed to discover and facilitate collaborations between UAE-based firms and our worldwide companions to draw funding and help the expansion of inexperienced industries and renewable vitality provides.”
Throughout Hannover Messe, Al Suwaidi co-chaired the second Power Safety and Trade Accelerator (ESIA) Steering Committee, which offered an replace on the progress made throughout numerous initiatives for the reason that ESIA settlement was signed in 2022.
On Wednesday, members of the UAE delegation participated in a panel dialogue the place they highlighted the UAE’s efforts in accelerating the transition in the direction of greener and extra sustainable industries. The panel, titled “Driving the Transition to a Sustainable and Diversified Financial system: The Vital Function of Inexperienced Power, Inexperienced Financial system, and Innovation within the UAE”, highlighted aggressive benefits and enablers, together with inexperienced financing, licensed inexperienced vitality provide, sturdy regulation infrastructure and entry to markets by way of a rising variety of free commerce agreements.
Hannover Messe was additionally a possibility for MoIAT to focus on how the UAE’s industrial decarbonisation efforts and 2050 Internet Zero strategic initiative represents an array of funding alternatives. These alternatives revolve across the UAE’s growth of superior applied sciences, inexperienced industries of the long run and applied sciences to deal with local weather change, reminiscent of carbon seize.
Technological and sustainable industrial growth are a key a part of the UAE’s COP28 agenda, which takes place in November 2023. Hannover Messe served as a platform for the UAE to reveal how it’s accelerating industrial decarbonisation by way of a complete, whole-of-a-value-chain method.
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