Skip to content Skip to Search
Skip navigation

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

By Pramod Kumar
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

STC wants to consolidate the mobile tower market

STC approves PIF purchase of telecom company

Shareholders of Saudi telecom giant STC have approved plans to create a new telecommunications infrastructure company in which the Public Investment Fund will have a 51 percent stake valued at SAR8.7 billion ($2.3 billion).  Under the deal, the STC-owned Telecommunication Towers Co. Limited (Tawal) will become a PIF subsidiary through a merger with Golden Lattice […]

Flavio Cattaneo of Enel, of which Endesa is a subsidiary, and Mohamed Jameel Al Ramahi at the signing of the deal

Masdar buys stake in Spanish utilities company Endesa

The UAE’s state-owned clean energy company Masdar has agreed to acquire a minority stake in Spanish electric utility business Endesa to partner for 2.5 gigawatts (GW) of renewable energy assets in Spain. Under the agreement, subject to regulatory approval, Masdar will invest nearly $890 million to acquire a 49.99 percent stake in Endesa, with an […]

UAE markets Hong Kong

UAE capital markets partner with Hong Kong exchange

The Hong Kong Stock Exchange (HKSE) has added the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) to its roster of recognised marketplaces. The move opens the door for UAE-based companies to pursue secondary listings on one of Asia’s premier financial markets. It also follows the inclusion of the Saudi Exchange (Tadawul) […]

Person, Worker, Adult

Aramco and PIF invest in Saudi-Chinese steel venture

Saudi Aramco and the Public Investment Fund have doubled their investment in a steel plate joint venture with a Chinese company to $500 million. The two Saudi companies each own 25 percent shares in the new venture in Ras Al Khair industrial city, Bloomberg reported, quoting a statement published on the Chinese stock exchange. Chinese […]