Germany: Representatives from nearly 30 German companies engaged in a roundtable discussion with a delegation from the UAE. The primary goal of the meeting was to expedite industrial cooperation and expand joint endeavours towards promoting sustainable industrial growth, energy security, and de-carbonisation.
During the Hannover Messe, the world’s largest industrial trade fair, the Ministry of Industry and Advanced Technology (MoIAT) co-hosted a roundtable that saw the participation of several UAE entities. These included the Abu Dhabi Department of Economic Development (ADDED), ADNOC Group, Abu Dhabi Investment Office, KEZAD Group, and Dubai Industrial City.
The roundtable, named “Make it in the Emirates: The UAE as a Global Industrial Hub,” aimed to acquaint German companies with the UAE’s distinct value proposition and vision for sustainable industrial expansion. The event also highlighted the Make It in the Emirates initiative, which urges foreign innovators, investors, and industrialists to leverage the UAE’s competitive edge.
Under the chairmanship of Mr. Omar Al Suwaidi, the Under-Secretary of the Ministry of Industry and Advanced Technology, the roundtable accentuated the advantages of partnering with UAE entities, the government’s incentives and enablers, national champions like ADNOC, and industrial zones. The event also showcased the opportunities available for foreign companies seeking to benefit from such collaborations.
Mr. Al Suwaidi said, “The UAE and Germany are making steady progress in vital fields such as hydrogen fuel, which will be critical to industries of the future. The partnerships between our government institutions and national enterprises are leading to pioneering innovation in sectors such as green steel. By combining our strengths, talents and resources, the UAE and Germany can pave the way for greater energy security and more sustainable industrial development in our respective regions.”
Moreover, the Hannover Messe event provided an opportunity for MoIAT to showcase the UAE’s efforts towards industrial de-carbonisation and the 2050 Net Zero strategic initiative. These initiatives present an array of investment prospects that revolve around the UAE’s advancements in green industries, cutting-edge technologies, and climate change solutions such as carbon capture.
Technological and sustainable industrial development is a crucial aspect of the UAE’s COP28 agenda, scheduled for November 2023. The Hannover Messe served as a platform for the UAE to showcase its efforts towards expediting industrial de-carbonisation through a comprehensive, value-chain approach. The event also highlighted the UAE’s commitment towards achieving its climate goals through sustainable industrial growth.