Skip to content Skip to Search
Skip navigation

Abu Dhabi takes initiative to decarbonise industrial sector

Turkey's low-carbon pathways initiative will offer guidance to domestic and global players on the country’s decarbonisation Unsplash/Andreas Felske
Turkey's low-carbon pathways initiative will offer guidance to domestic and global players on the country’s decarbonisation

Industrial Development Bureau (IDB), the industrial development arm of Abu Dhabi Department of Economic Development, and Germany’s Siemens Energy have signed an agreement to decarbonise Abu Dhabi’s industrial sector.

The collaboration will support Abu Dhabi’s industrial strategy to establish the emirate as the most competitive industrial hub in the region, the UAE state-run Wam news agency reported.

Siemens Energy will support IDB to localise the manufacturing capabilities in Abu Dhabi and provide technological solutions to enhance the development and dissemination of carbon removal technology in the industrial sector.

The Abu Dhabi economic department will simplify the process of acquiring industrial licenses and incentives for businesses, making it more accessible for them to enter the industrial sector and utilise the various opportunities.

Furthermore, it will play a significant role in promoting decarbonisation technologies by identifying and assessing ideal locations for their implementation, leading to a decrease in carbon footprint and promoting the sustainability and economic progress of Abu Dhabi.

Siemens Energy will support research and development for innovative technologies, including waste heat recovery, electrification solutions, grid technology, and energy storage.

The German company will also support Abu Dhabi to localise the manufacturing of decarbonisation solutions.

Latest articles

A Geely Galaxy E8 electric vehicle at Auto China 2024. Geely is one of the most popular Chinese car brands in the Gulf

Chinese carmakers ‘taking Gulf by storm’

Chinese carmakers now claim a sizeable chunk of new car sales in the Gulf and it is likely they will increase their market share further by wooing regional consumers through their vehicles’ innovative designs and perceived value for money. That is the prediction of Amir Khurshid, CEO of Saudi Arabia’s ThinkDirect Automotive Consulting and an […]

UAE’s RedBird IMI acquires UK TV producer for $1.5bn

RedBird IMI, A US investment management company partly owned by Abu Dhabi’s International Media Investments, has acquired All3Media, the UK’s largest independent TV production company behind hits such as Fleabag, The Traitors and Gogglebox. The for £1.15 billion ($1.5 billion) deal is the largest for RedBird IMI to date, the company said in a statement. […]

PIF's Starbucks shareholdings were cut almost by half from 6.3 million shares to 3.8 million

PIF slashes Starbucks stake as it cuts US stocks by $15bn

Saudi Arabia’s Public Investment Fund (PIF) has slashed its US equity holdings by 42 percent to $20.6 billion, including its stake in Starbucks, the global coffee chain that has suffered calls for a boycott as a result of the Gaza conflict. The latest US government data highlights funding challenges facing the Saudi giga-projects.  The filing […]

Tunisia olives

Soaring olive oil exports help Tunisia balance books

Tunisia’s soaring olive oil exports have almost doubled to close to $1 billion in just five months, helping it claw back its current account deficit.   However the increased revenues merely “paint over the cracks” and the country is still probably heading towards a sovereign default, according to an economic expert. Tunisia’s current account deficit narrowed […]