Skip to content Skip to Search
Skip navigation

Siemens innovation centre to help accelerate UAE’s ‘net zero’ goals

ADIO
The agreement was signed by Abdulla Abdul Aziz AlShamsi, acting director general of ADIO, and Dietmar Siersdorfer, managing director of Siemens Energy Middle East.

The Abu Dhabi Investment Office (ADIO) and Germany’s Siemens Energy AG have joined together to accelerate the UAE’s goal to become ‘net zero’. 

Under the partnership, Siemens Energy will receive support to set up its Middle East Innovation Centre in Abu Dhabi, as part of ADIO’s AED 2 billion ($545 million) innovation programme, according to a press statement. 

The innovation centre will contribute to the UAE’s goals of generating 50 GW of renewable energy by 2050.

The innovation centre in the UAE capital is one of only four globally that Siemens Energy has created, with the other locations in Orlando, the US; Shenzhen, China and Berlin, Germany. 

The centre will primarily focus on developing circular carbon economies and technologies incorporating digital decarbonisation solutions, green fuels, fuel cells and electrification of heat and industrial processes. 

Several intellectual property is likely to be developed, along with an aim to facilitate six industry partnerships and four Abu Dhabi university research partnerships by 2025.

ADIO’s innovation programme supports high-growth companies and helps them tap into sizeable business and growth opportunities in Abu Dhabi.

The programme has allocated AED 1.3 billion to support more than 40 innovative companies from around the world since its 2020 launch.

Latest articles

China’s Lenovo issues $2bn bonds to repay Saudi Alat debt

China’s Lenovo Group has issued $2 billion in convertible bonds to Alat, a Public Investment Fund (PIF)-backed technology manufacturing company, to repay its existing debt and boost working capital. As part of the agreement, the Hong Kong-headquartered personal computer maker will open a new PC and server manufacturing facility and establish its Middle East and Africa […]

Adnoc Distribution plans to open 15 to 20 new fuel stations this year

Adnoc Distribution targets 200 EV stations this year

Adnoc Distribution, the UAE’s largest fuel and convenience retailer, is planning to more than double the number of fast electric vehicle (EV) charging stations as part of its five-year expansion strategy. The company has 90 fast EV charging points and aims to reach 150-200 by the end of the year, the UAE state-run Wam news […]

A UBS report shows wealthy Latin American families are more likely to invest in the Middle East than US or European counterparts

Wealthy Latin Americans more likely to invest in Middle East

Wealthy Latin American families were more present as investors in the Middle East than those from other parts of the world in 2023, a global banking report says, but overall numbers are low and down from 2022.  UBS bank’s Global Family Office Report for 2024 showed that Latin American families had placed 2 percent of […]

Opec oil demand US crowded highway

Opec optimistic about oil demand through to 2025

Opec continues to expect strong oil demand growth this year and next as the world economy remains resilient, the group’s chief said. “For 2024, oil demand growth is at 2.2 million barrels per day, with total global demand anticipated to average 104.5 million bpd,” Haitham Al Ghais, the secretary general of Opec, the Organisation of […]