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

Sainsbury's has the second-largest share of the UK grocery market, at 15 percent, behind Tesco at 28 percent

Qatar to reduce stake in UK supermarket Sainsbury’s

Qatar’s sovereign wealth fund is selling part of its 15 percent stake in the British supermarket Sainsbury’s as the fund pushes ahead with expansion in the United States and Asia, particularly China and India. Qatar Investment Authority (QIA), the biggest shareholder in Sainsbury’s, is selling £306 million ($399 million) worth of shares in the retailer, […]

Shoppers in Kuwait's Avenues Mall – the IMF says the country needs to encourage private sector employment

Kuwait needs to push reforms for economic growth, says IMF

Kuwait must accelerate the introduction of fiscal and structural reforms that are needed to increase private sector-led growth and diversify its economy away from hydrocarbons, the International Monetary Fund said on Friday. Kuwait’s economy will contract by 3.2 percent this year because of an Opec+ oil production cut, but will grow by 2.8 percent in 2025 […]

Thani Al Zeyoudi, Minister of State for Foreign Trade of the United Arab Emirates, (UAE) speaks during the Skybridge Capital SALT New York 2021 conference in New York City, U.S., September 15, 2021. REUTERS/Brendan McDermid Dr Thani bin Ahmed Al Zeyoudi, the UAE’s minister of state for foreign trade, said 'Malaysia offers substantial opportunity for our exporters, industrialists and business leaders' UAE Malaysia Cepa

UAE and Malaysia sign Cepa to increase bilateral trade

The UAE and Malaysia have signed a free trade deal, bringing the number of deals the Gulf state has agreed with foreign governments to 12. The comprehensive economic partnership agreement (Cepa) will seek to eliminate or reduce tariffs, lower trade barriers, increase private sector collaboration and create new investment opportunities, the two countries said in a […]

Modern buildings in the city center of Riyadh, Saudi Arabia

Riyadh leads Saudi Arabia’s hot property market

Strong population and employment growth in Riyadh is driving a surge in real estate transactions as new properties cannot come on the market fast enough. A dramatic rise in the number of deals in the 12 months to the end of June was also visible in Jeddah and Dammam, according to a report this week […]