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HANNOVER, Germany, 20th April, 2023 (WAM) — On Tuesday, a UAE delegation met representatives of nearly 30 German companies at a round table. The goal is to accelerate industrial cooperation and work together in promoting sustainable industrial development, decarbonization and energy security.
Roundtable co-hosted by the Ministry of Industry and Advanced Technology (MoIAT) during Hannover Messe, the world’s largest industrial trade fair, attended by representatives from Abu Dhabi Department of Economic Development (ADDED), ADNOC Group, Abu Dhabi Investment Office Conference, KEZAD Group and Dubai Industry City.
The roundtable, entitled “Made in the UAE: UAE as a Global Industrial Hub”, introduced German companies to the UAE’s unique value proposition and vision for sustainable industrial growth. It also showcased the Make it in the Emirates programme, which invites foreign industrialists, investors and innovators to benefit from the UAE’s competitive advantages.
The roundtable, chaired by Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology, highlighted how foreign companies can benefit from partnering with UAE entities, as well as national champions such as the government, ADNOC and industrial zones.
Addressing the delegates, Al Suwaidi said: “The UAE and Germany are making steady progress in important areas such as hydrogen fuel, which will be critical for future industries. Partnerships between our government agencies and national businesses are leading the way in industries such as green steel.” Groundbreaking innovation. By combining our strengths, people and resources, the UAE and Germany can pave the way for greater energy security and more sustainable industrial development in our respective regions.”
He added: “Our two countries are aligned in our commitment to develop solutions to global challenges in our industry, and our industry has a keen interest in collaboration. As a sector, we are committed to supporting the UAE’s industrial companies to work with their international counterparts to Achieving business growth and adopting best practices.In line with our National Industrial Strategy, we will continue to explore and facilitate collaborations between UAE companies and our international partners to attract investment and support the growth of green industries and renewable energy supply. “
During Hannover Messe, Al Suwaidi co-chaired the second Energy Security and Industry Accelerator (ESIA) Steering Committee, which provided an update on the progress of several projects since the signing of the ESIA agreement in 2022.
Members of the UAE delegation took part in a panel discussion on Wednesday, where they highlighted the UAE’s efforts to accelerate the transition to greener and more sustainable industries. Entitled “Driving the transition to a sustainable and diversified economy: the key role of green energy, the green economy and innovation in the UAE”, the panel highlighted competitive advantages and enablers, including green financing, certified green energy supply, robust regulatory infrastructure is entering the market through a growing number of free trade agreements.
Hannover Messe is also an opportunity for MoIAT to highlight how the UAE’s industrial decarbonization efforts and the Net Zero 2050 strategic initiative represent a range of investment opportunities. These opportunities revolve around the UAE’s development of advanced technologies, future green industries and technologies to combat climate change, such as carbon capture.
Technology and sustainable industrial development are an important part of the agenda of the UAE’s COP28, which will be held in November 2023. Hannover Messe serves as a platform for the UAE to demonstrate how it can accelerate industrial decarbonization through a comprehensive, holistic value-chain approach.
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