UAE participates in G20 Finance Track’s First Infrastructure Working Group meeting

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The Ministry of Finance (MoF) participated in the first Infrastructure Working Group (IWG) meeting for the year 2023, which was held for the first time under India’s presidency of the G20 on 16th and 17th January 2023 in Pune, in the state of Maharashtra, India.

The meeting was held to discuss the IWG work plan for 2023 in line with the priorities of the Indian presidency for the G20.

MoF’s delegation to the meeting included Amna Alshamsi, Head of Policies, Regulations and Procedures Department at MoF; and Asma Al Zarooni, Head of Exchange of Tax Information Section at MoF. The G20 members, invited countries, and international organisations such as the International Finance Corporation (IFC) also attended the meeting.

The members discussed the way forward for the working group for 2023 and shared their views on the IWG’s plan to build on the work initiated from the previous presidencies.

They also discussed the importance of building future-ready urban infrastructure, leveraging synergies between digital and physical infrastructure, and leveraging private investment to build energy-efficient and environmentally sustainable infrastructure. This is in addition to means of ensuring inclusivity and resilience, which remain key considerations to building future cities.

During the meeting, MoF’s delegation supported IWG’s approach towards assessing the requirements of urban infrastructure and reviewing the prerequisites of future cities. The delegation also stressed on the need to consider the enabling role of inclusive infrastructure in promoting economic growth, especially at a time when economic challenges are escalating at a global scale.

Additionally, the delegation emphasised the need to explore how can legislative reform improve investment attraction for smart and sustainable cities, while showcasing the UAE’s achievements in this field.

IWG members will review and discuss the progress on the 2023 deliverables at the working group’s next meeting, the date of which will be confirmed later by India’s presidency of the G20.

Muhammad Aamir / Esraa Esmail/ Khoder Nashar

AD Ports Group partners with Kazakh National Oil Company, Ministry of Industry and Infrastructural Development

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In the presence of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, AD Ports Group signed a strategic partnership agreement with Kazakh National Oil Company (KazMunayGas) and a Memorandum of Understanding (MoU) with the Kazakhstan Ministry of Industry and Infrastructural Development for strategic cooperation in developing a marine fleet and coastal infrastructure in the Caspian and Black Seas.

The agreements build on the shareholder agreement signed in December with KMTF (Kazmortransflot), a subsidiary of KazMunayGas, to launch an exclusive joint venture to provide offshore services for energy companies in the Caspian Sea.

The new agreements signal a significant expansion for AD Ports Group in Central Asia and Kazakhstan, a major market for energy, transport and logistics that continues to gain in strategic importance as a key trade route between Europe and Asia.

Under the terms of the strategic partnership agreement with KazMunayGas, the two companies will review opportunities to collaborate on a broad range of projects in the area, including the development of a new fleet of shallow-water vessels to support offshore operations in the Caspian Sea and the development of a tanker fleet to support the export of Kazakh oil.

There is also potential for the joint venture to participate in bulk cargo transportation, reviewing opportunities to build or acquire bulk cargo vessels in support of that enterprise. AD Ports Group will also look to develop bespoke training and development programmes for Kazakh teams via Abu Dhabi Maritime Academy.

The MoU with the Ministry of Industry and Infrastructural Development will see AD Ports Group look to collaborate on developing international trade and transport corridors through the Republic of Kazakhstan, potentially developing port and logistics facilities and enhancing the national maritime fleet.

AD Ports Group sees the launch of collaborative ventures in the Central Asian region as a key strategic priority, as a major source of growth and in support of key trading partners of the UAE. Furthermore, these agreements have significant potential to stimulate job creation and growth of the Kazakh economy.

Falah Mohammed Al Ahbabi, Chairman of AD Ports Group, said, “We are honoured to have President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, witness this significant event. This wide-ranging and far-sighted partnership agreement, which is the first of its kind between a UAE company and KazMunayGas, aligns with the strategic priorities of the UAE and establishes a strong platform for growth in Kazakhstan and the wider region. We are also pleased to work with the Ministry of Industry and Infrastructural Development on developing international trade and transport corridors.”

Marat Karabayev, Minister of Industry and Infrastructure Development of the Republic of Kazakhstan, stated, “We welcome these agreements, which represent an important step forward in the fraternal economic relationship between the Republic of Kazakhstan and the UAE. We see significant potential in developing port and logistics facilities in Kazakhstan to enhance our role as a trade corridor and increase export opportunities for our companies. We are pleased to work with AD Ports Group on these projects, building on their expertise to develop integrated ports, trade and logistics hubs in key strategic locations.”

Mirzagaliyev Magzum, Chairman of KazMunayGas, commented, “We are delighted to strengthen our strategic partnership with AD Ports Group, which offers robust capabilities in logistics, maritime, ports and digital services, with a particular focus on the energy sector. Bringing together our two businesses provides an opportunity to address some of the long-term challenges and opportunities of managing growing volumes of exports on the Caspian and Black Seas and to develop port and fleet resources to serve oil and gas exploration and production. We see a bright future for this joint venture, which will significantly contribute to Kazakhstan’s economic and infrastructure development.”

Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, added, “AD Ports Group sees a major opportunity to contribute to the development of trade corridors across the Central Asia region, and this historic collaboration with KazMunayGas provides us with a solid foundation for growth in one of the most important markets. We thank the UAE’s leadership for their support in developing this collaboration and look forward to delivering comprehensive solutions in support of Kazakhstan’s energy and maritime sectors.”

Microsoft is reportedly planning to cut thousands of jobs across various divisions of the company.

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According to media reports on Tuesday, Microsoft Corp (MSFT.O) plans to cut thousands of jobs, with some roles expected to be eliminated in the company’s human resources and engineering divisions. These layoffs would be the latest in the technology sector, where companies such as Amazon.com Inc (AMZN.O) and Meta Platforms Inc (META.O) have also announced retrenchment exercises in response to slowing demand and a worsening global economic outlook.

stc Enjoys Most Valuable Telecom Brand in Middle East

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stc Group has succeeded in maintaining the first rank as the most valuable brand in the Middle East in the telecommunication sector for the third year in a row, according to Brand Finance’s Global 500 2023 report.
This achievement comes to highlight the group’s success, continuous expansion, and growth since the “Dare” strategy launch in 2017. Over the past five years, the brand’s value has increased by almost 100%, from USD 6.2 billion in 2017 to USD 12.3 billion in 2022. This achievement results from the brand’s outstanding performance in maintaining its leadership position and enhancing its commercial strength in Saudi Arabia and the region.
In addition to being the most valuable brand, stc Group ranked among the fastest-growing brands in the region with a growth rate of 16.7%.
The “Brand Finance” report classifies brands worldwide by measuring brands’ strength globally, using the “Brands Strength” index, external factors, and business performance. It also includes an evaluation of all companies’ activities regionally and internationally. stc Group is considered to be the strongest brand in the Kingdom of Saudi Arabia, Bahrain, and Kuwait.
It is worth noting that Brand Finance is a world leader in brand valuation, and every year it ranks the strongest and most valuable brands. It evaluates more than 5,000 brands in all sectors and regions every year. Moreover, the “Brand Finance Global 500 2023” report includes the 500 most valuable brands worldwide.

Saudi, WEF Launch Innovation Accelerator, Explore Collaborations in Global Metaverse Village

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Davos, Switzerland, January 17, 2023, SPA — A high-level delegation from Saudi Arabia participated in a multilateral meeting with the World Economic Forum’s (WEF) leadership at WEF’s 2023 Annual Meeting.
His Highness Prince Faisal Bin Farhan Al Saud, Minister of Foreign Affairs; Her Royal Highness Princess Reema bint Bandar Al Saud, Ambassador to the United States of America; His Excellency Abdullah bin Amer Alswaha, Minister of Communications and Information Technology; His Excellency Bandar bin Ibrahim Alkhorayef, Minister of Industry and Mineral Resources; and His Excellency Faisal Fadhil Alibrahim, Minister of Economy and Planning, met with Klaus Schwab, Founder and Executive Chairman of WEF and Borge Brende, President of WEF, to explore areas of mutual interest.
During the meeting, Abdullah bin Amer Alswaha, Chairman of the Board of King Abdulaziz City for Science and Technology (KACST) and Chairman of the Board of The Research, Development and Innovation Authority (RDIA), and Borge Brende, President of WEF, signed a Letter of Intent (LoI) to establish a new accelerator program to help ignite innovation in Saudi Arabia.
Under the LoI, KACST will work alongside WEF to connect experts and knowledge partners from the public and private sectors to identify and unlock new promising markets as part of the ongoing work to transform Saudi economy.
During the meeting, the delegates highlighted the Kingdom’s role as a Pioneering Partner in the Forum’s Global Collaboration Village, which will leverage the metaverse to serve the global community.
Saudi Arabia intends to build a house in the village, opening a door to opportunities, investment, and collaboration between various national stakeholders and international entities. It will be used as a tool for attending events, interacting with people, sharing knowledge and making announcements.
It was highlighted in the meeting that Saudi ARAMCO, as one of Saudi leading private sector entities, is the first company to build a house in the Global Collaboration Village.
The meeting also covered investment in green technologies, as well as female and youth empowerment as a vital enabler in effective climate action. The meeting provided updates on the progress of projects launched at WEF’s 2022 Annual Meeting.
In addition, delegates addressed the future of the mining industry in Saudi Arabia and its untapped opportunities, especially considering the increasing demand for minerals and the importance of leveraging the Fourth Industrial Revolution and green technologies.

e& named MEA’s most valuable portfolio of telecom brands, by Brand Finance

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e& (formerly known as Etisalat Group) has consolidated its position as the most valuable portfolio of telecom brands in the Middle East and Africa (MEA), according to the 2023 Brand Finance Global 500 Report released at the World Economic Forum (WEF) in Davos.

Highlighting its transformation efforts into a global technology and investment conglomerate, e& has achieved remarkable business growth and unwavering stakeholder confidence in 2022, with its portfolio of brands now exceeding a total value of US$14 billion.

This reflects the success of the Group’s business strategy over the past year, which has introduced further improvements in customer service, more people-focused products and new digital services across its specialist business verticals.

etisalat by e&, the Group’s largest telecom brand, also retained its position as the strongest telecom brands across all categories in the MEA region, achieving a score of 89.1 out of 100 and an “AAA” rating, according to the report. It was also rated one of the top three telecom brands in the world, due to its market reach, operational capabilities, and outstanding customer service record.

Hatem Dowidar, Group CEO of e&, said the Group’s endorsement by the Brand Finance was both humbling and a worthy reflection of the UAE’s unstinting commitment to unlock economic growth and potential through its investment in state-of-the-art infrastructure and digital transformation.

“Guided by our 46-year legacy of pushing the boundaries of technology and service excellence, we have emerged as an inspiring global technology conglomerate; this international recognition makes us extremely proud,” he said.

“We will continue to earn the trust of our customers and stakeholders by developing and innovating cutting-edge products and services that meet the needs of our 162 million subscribers in 16 countries across the Middle East, Asia and Africa,” Dowidar added.

Dowidar said that e& had made significant strides in Artificial Intelligence (AI), blockchain, Virtual Reality (VR), Augmented Reality (AR), the Internet of Things (IoT), cloud computing, and technologies supporting the emergence of the metaverse.

“As we help usher in the next wave of digital tech transformation, we will continue exploring new business models in the digital space. Our strategic priority is to drive new partnerships and investment opportunities that will accelerate the growth of all our business verticals.”

“With sustainability at the heart of everything we do, the e& ESG framework has become an integral part of the Group’s business model. We have successfully created an ecosystem in which we operate, communicate and deliver our products and services to stakeholders and customers, enabling us to be a key player in the search for clean and green solutions. The Group’s efforts were recently crowned by the declaration of e&’s net zero targets by 2030, marking a further step in confirming our commitment to reduce carbon emissions across our business and to step up our efforts for global climate action.”

Etisalat Group changed its brand identity to e& in February 2022, as part of a wider strategy to accelerate resilient long-term growth. Successfully aligning all its business verticals and subsidiaries, e& raised its brand profile globally through impactful communications and international partnerships with such admired brands as Etihad Airways, the Abu Dhabi Formula 1 Grand Prix, Manchester City Football Club, and African football giants Al Ahly SC.

Commenting on e&’s ranking in this year’s report, David Haigh, CEO and Chairman of Brand Finance, said, “As the telecommunication industry faces commoditisation, e& has taken bold steps to reposition its brand identity to unlock new opportunities. This transformation has enhanced the competences of e& to provide innovative digital-centric services that add to its journey as a global brand.”

Brand Finance is the world’s leading independent branded business valuation and strategy authority. Founded in 1996 and headquartered in London, it aims to ‘bridge the gap between marketing and finance.’ Brand Finance evaluates over 5,000 brands across all sectors and geographies every year. The 500 most valuable brands are included in the Brand Finance Global 500 report.

ADNOC explores commercial-scale ammonia cracking plants with Germany-based thyssenkrupp to progress global clean-energy value chains

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ADNOC, a responsible provider of reliable, lower-carbon intensity energy, announced today that it has signed a memorandum of understanding (MoU) with thyssenkrupp Uhde, a Germany-based subsidiary of thyssenkrupp Group that specialises in chemical engineering, to explore a long-term partnership to create new markets for hydrogen and promote global clean energy value chains.

Signed at Abu Dhabi Sustainability Week (ADSW), the agreement will focus on the development of projects for large-scale ammonia cracking, which is used to extract hydrogen from ammonia after transportation. Ammonia is a carrier of hydrogen, and it is much easier to compress and transport. When shipped, after arriving at its destination, the ammonia needs to be decomposed, or “cracked,” into hydrogen, before use in the energy value chain.

Under the agreement, the companies will work together to develop large-scale ammonia cracking plants with thyssenkrupp technology. The agreement will also lead to the exploration of opportunities in the clean energy value chain for the supply and shipment of low-carbon or green ammonia from the UAE to large-scale ammonia cracking facilities globally.

Musabbeh Al Kaabi, Executive Director, Low Carbon Solutions and International Growth Directorate, said, “ADNOC’s fast-growing hydrogen business is enabled by the UAE’s abundant and competitive energy reserves. We are committed to strengthening our position as a reliable supplier of lower carbon-intensive energy, creating new revenue streams and growing the global market for hydrogen. In doing so, we will work with like-minded partners, such as thyssenkrupp to deliver tangible solutions that contribute to the decarbonisation of the energy sector.”

The ammonia cracking process is based on globally proven Uhde reformer technology, which is applied in over 130 large-scale chemical plants across the world.

Cord Landsmann, thyssenkrupp Uhde CEO, said, “Countries in Europe, along with many others, are looking to clean hydrogen imports to decarbonise industry and society. Clean ammonia is the best way to transport hydrogen by ship, and together with ADNOC, we will deliver the last piece of the puzzle for global clean hydrogen trade at large scale.”

ADNOC has already invested in low-carbon ammonia, where the carbon dioxide (CO2) emitted during production is captured and stored underground. In May 2021, the company announced a 1 million tonnes per year low-carbon ammonia production facility at the TA’ZIZ industrial ecosystem and chemicals hub. The company has significantly expanded its strategic energy partnerships across the hydrogen value chain and shipped demonstration cargoes of low-carbon ammonia to customers in Germany and Asia to test its application.

ADNOC is also investing in green hydrogen – and renewable energy – through Abu Dhabi Future Energy Company (Masdar), a clean-energy powerhouse that will place the UAE at the forefront of the energy transition. Through this investment, ADNOC aims to become a world leader in green hydrogen.

UAE, Japan sign agreements to help accelerate energy transition and tech adoption in industry

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The UAE and Japan on Monday signed several agreements and memoranda of understanding (MoU) to help accelerate the energy transition and the adoption of technology in industry.

Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and UAE Special Envoy to Japan, met with Yasutoshi Nishimura, Japan’s Minister of Economy, Trade and Industry, on the sidelines of Abu Dhabi Sustainability Week (ADSW) 2023, to discuss the countries’ strong bilateral relations.

The ministers discussed ways to further strengthen the UAE’s and Japan’s relationship under the umbrella of their comprehensive economic partnership. They explored the hydrogen sector as a key component of a just energy transition. They also discussed the importance of accelerating progress towards carbon neutrality and opportunities for collaboration ahead of COP28, which will be held later this year.

Dr. Al Jaber said, “The UAE and Japan have a long-standing and strong relationship that has developed into a comprehensive economic partnership, underpinned by our leaderships’ commitment to enhance cooperation with strategic partners. We seek to build on this long-term partnership by exploring new opportunities for cooperation and investment that contribute to mutually beneficial sustainable economic growth and diversification.”

During the meeting, several agreements and MoUs were signed, which included a MoU between the Ministry of Industry and Advanced Technology and Japan’s Ministry of Economy, Trade and Industry. It concerns collaboration in the field of industry and advanced technology and aims to enhance partnerships between Emirati and Japanese companies as well as explore joint investment opportunities. It also aims to boost collaboration to accelerate the adoption of advanced technologies in support of both countries’ industrial goals and carbon reduction targets. The MoU was signed by Dr. Al Jaber and Yasutoshi Nishimura.

Dr. Al Jaber also witnessed the signing of a joint study agreement between ADNOC and Tsubame BHB. The agreement explores opportunities for cooperation in the field of research and development with the aim of finding new solutions for manufacturing ammonia. This agreement falls under the Japanese-Emirati partnership for advanced technology. This initiative supports Japanese technology startups and helps to connect them with Emirati investors to facilitate their expansion.

Dr. Al Jaber also witnessed the signing of an MoU between the Abu Dhabi Future Energy Company (Masdar) and the Japanese company JERA. This MoU covers the fields of green hydrogen and renewable energy.

The signing of these agreements and MoUs falls within the framework of the comprehensive economic partnership signed by the two countries in September 2022.

The volume of non-oil trade exchange between the two countries in 2021 amounted to more than AED49 billion. Additionally, the volume of non-oil trade exchange between the two countries grew by 4.3 percent during the first nine months of 2022, year-on-year.

Masdar partners with Azerbaijan’s SOCAR to develop renewable energy Projects with 4GW capacity

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Masdar, one of the world’s leading clean energy companies, has signed joint development agreements with the State Oil Company of the Republic of Azerbaijan (SOCAR), for onshore wind and solar projects, and integrated offshore wind and green hydrogen projects, with a total combined capacity of 4 gigawatts (GW).

The agreements were signed by Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Rovshan Najaf, President of SOCAR, on the sidelines of Abu Dhabi Sustainability Week, the global platform for accelerating sustainable development hosted by Masdar. Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, COP28 President-Designate, and Chairman of Masdar, and Mikayil Jabbarov, Minister of Economy for Azerbaijan, witnessed the signing.

Dr. Al Jaber said, “These agreements will serve to strengthen the already powerful relationship between the United Arab Emirates and the Republic of Azerbaijan, and are a testament to our shared commitment to diversifying our energy mix and developing low- and zero-carbon solutions. As global leaders gather here in the UAE for Abu Dhabi Sustainability Week, we are demonstrating the power of partnership and cooperation in advancing the inclusive energy transition and I look forward to seeing more announcements being made at ADSW.”

Al Ramahi said, “Masdar sees Azerbaijan as a key strategic partner, one we are proud to support in its clean energy journey. This signing marks a milestone on the development and delivery of a significant collaboration that will advance Azerbaijan’s renewable energy goals and support its ongoing sustainable economic development.”

In June last year, Masdar signed implementation agreements with Azerbaijan’s Ministry of Energy to develop a renewable energy program on a bilateral basis, with a total capacity of 10 GW across multiple technologies, one of the largest such signings in Azerbaijan’s history. The joint development agreements set out the collaboration and partnership principles between the parties for the development of the first phase of the program, with a total capacity of 4 GW.

SOCAR is an integrated national oil and gas company supporting the energy security of the Republic of Azerbaijan. Azerbaijan is pursuing a national target of producing 30 percent of its domestic power needs from renewable energy sources by 2030, as the Central Asian nation looks to diversify its economy and reduce greenhouse gas emissions.

Masdar is also developing the 230-megawatt Garadagh Solar PV Plant in Azerbaijan. The plant will help to generate half a billion kilowatt-hours of electricity annually, enough to meet the needs of more than 110,000 homes and will reduce emissions by more than 200,000 tonnes a year, while also creating valuable jobs.

Masdar recently announced a new shareholding structure and additional focus on green hydrogen, making it one of the largest clean energy companies of its kind. With a goal of achieving 100 GW renewable energy capacity and green hydrogen production of 1 million tonnes per annum annually by 2030, the new Masdar is a clean energy powerhouse that will spearhead the UAE’s Net Zero by 2050 Strategic Initiative and drive the global energy transition.

UAE industry and energy ministries join forces with Schneider Electric to boost energy efficiency in industry

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The Ministry of Industry and Advanced Technology (MoIAT) in collaboration with the Ministry of Energy and Infrastructure (MoEI) and Schneider Electric today announced the findings of a nationwide assessment of industrial companies that is designed to help enhance energy efficiency in the industrial sector ahead of the 28th UN Climate Change Conference (COP28) later this year.

Announced during Abu Dhabi Sustainability Week (ADSW), the assessment is the result of a partnership between MoIAT, MoEI and Schneider Electric, which is a member of the Champions 4.0 Network – a core pillar of UAE Industry 4.0 designed to accelerate the integration of 4IR solutions in industry.

The initiative surveyed 46 manufacturing facilities in the UAE operating across sectors such as energy, metals, food and beverage, chemicals, paper and wood, and other segments. Its findings indicated the manufacturing facilities included in the survey are ahead of the average in the smart utilization, monitoring and management of energy.

Omar Al Suwaidi, Under-Secretary of the Ministry of Industry and Advanced Technology, commented, “Energy efficiency is a key component in the UAE’s approach to enhance the sustainability of our industrial sector. Achieving greater energy efficiency through the adoption of technology helps to reduce emissions, improve the operational performance of our industrial facilities, and promote environmentally friendly practices. Under the umbrella of Make it in the Emirates initiative, we seek to empower industrial companies to adopt 4IR technologies that help them boost sustainability and productivity, and ultimately increase their regional and global competitiveness.”

He added, “We are delighted by the findings of this joint assessment, which provides the manufacturers with a roadmap for transformation towards sustainability and net zero. It demonstrates the positive impact the national industrial strategy, Operation 300bn, is having on the digitalization and efficiency of national industries. As part of this strategy, the Make it in the Emirates initiative helps supercharge industrial priority sectors and attract investments. We continue to build successful partnerships with international players who are eager to capitalize on the significant benefits and potential of establishing an industrial presence in the UAE.”

Sharif Al Olama, Under-Secretary of the Ministry of Energy and Infrastructure for Energy and Petroleum Affairs, commented, “The Ministry of Energy and Infrastructure plays a big role in shaping the future of the energy sector for the next fifty years and it has led the country’s effort in achieving resources sustainability through the formulation of the Energy Strategy 2050. Among the supporting programs that have been developed to support the Energy Strategy 2050 is the National Energy and Water Demand Side Management Program 2050, Which includes initiatives to reduce energy consumption for the largest energy-consuming sectors in the country, including the industrial sector. This program aims to reduce energy demand by 40% which will support cost reduction, investment, and sustainability.”

He added, “The results of this sustainability joint assessment will contribute to achieving the objectives of one of the main initiatives in the industry sector within the National Energy and Water Demand Side Management Program 2050 which is the Top 50 Program, that targets improving the efficiency of the top 50 energy-consuming industries in the UAE. This public-private partnership will encourage energy efficiency of the largest industrial consumers in the UAE, and encourage adoption of energy management practices which will build on the country’s efforts toward reducing GHG emissions.”

Ahmed Khashan, Gulf Cluster President at Schneider Electric, said, “Sustainability is a main driver of growth and a competitive advantage for the country’s industrial sector. Technological innovation is the key to driving sustainability. We are delighted to be able to deliver on the commitment we made to the Ministry of Industry and Advanced Technology along with Ministry of Energy and Infrastructure to play a pivotal role in supporting the country’s manufacturing sector in its journey to become greener, more energy efficient, and ultimately net zero.”

Increasing competitiveness through sustainability

The assessment, which commenced shortly after Schneider Electric joined the Champions 4.0 Network in January 2022, was divided into two models. The first assessment model measured the maturity of facilities and categorized them into: Basic, Aware, In-Control, and Advanced. The second assessment model measured the readiness of facilities and their prioritization of energy transformations and sustainability.

The assessment’s findings indicate that there is a significant opportunity for companies to adopt more practices around waste management, such as recycling and re-using, in line with national efforts to create a circular economy.

The report laid out a set of recommendations for policymakers and manufactures to help increase energy efficiency. These included advocating stronger rules on the metering and billing of thermal energy by giving commercial consumers more access to frequent and useful information on their energy consumption.

Several recommendations were developed for manufactures and end-users around sustainable management of assets, waste and product life cycle. It recommended creating sustainability roadmaps and setting hard targets to reduce carbon emissions across the entire value chain. It also stressed the importance of upskilling, education, awareness, and community engagement.

Public-private partnerships for a sustainable future

The partnership between MoIAT and Schneider Electric builds on the nation’s net-zero commitments to become a world leader in areas related to sustainability. It is also part of MoIAT’s Industry 4.0 Program that aims to increase industrial productivity by 30 percent and add AED 25 billion to the national economy by 2031. This also will help in achieving the targets of the National Energy and Water Demand Side Management Program 2050 by reducing energy demand by 40 percent. Schneider Electric is a founding member of the Champions 4.0 Network, which brings together leading local and international companies to share best practices in the deployment of 4IR technologies.

Announced in October 2021, Industry 4.0 aims to increase productivity and the development of innovative products as part of a broader strategy to add value to the national economy, expand and grow specific industrial sectors, and raise productivity. The program is implemented by MoIAT to encourage the adoption of advanced technologies such as IoT, machine learning, and artificial intelligence to transform the UAE into a global hub for smart manufacturing and innovation. Building on Industry 4.0 is the Technology Transformation Program, which launched last year marking a new phase of national competitiveness. So far, 13 projects have been announced under the program, which include major national and international companies.

The Ministry of Energy and Infrastructure launched in March 2021 the UAE National Demand Side Management Program with the detailed plan set to achieve the national demand reduction targe and to manage the demand for energy and water through plans and 21 programs that have a direct impact in the short, medium and long term that will ensure security of supply in the energy and water sectors