Abu Dhabi Investment Office signs 5 agreements to increase the local market share of government purchases
ABU DHABI, 6 December / WAM / The Abu Dhabi Investment Office signed 5 agreements to increase the local market share of government purchases, in line with the emirate’s commitment to encourage companies to produce locally and achieve economic diversification.
The agreements were signed during the “Procurement Forum” within the first session of Abu Dhabi Business Week, whose activities concluded today. The Procurement Forum highlighted the strategic procurement priorities of the Abu Dhabi government, and the role played by the private sector in supporting the local content program of the Emirate of Abu Dhabi, and achieving economic diversification in the emirate.
In this context, the Abu Dhabi Investment Office signed an agreement with Daikin Middle East and Africa, a company specializing in the manufacture of heating, ventilation and air conditioning systems, to discuss opportunities for cooperation in developing air conditioning systems for smart homes that reduce energy costs by employing built-in sensors, in addition to Exploring opportunities to establish an industrial facility to assemble and manufacture cooling, heating and ventilation units in the Emirate of Abu Dhabi, and encourage the exchange of experiences and the development of innovative cooling, heating and ventilation solutions in Abu Dhabi. The office also signed an agreement with Taqeef Factory LLC, which specializes in manufacturing air handling units and parts for refrigeration units, to explore opportunities to manufacture heating, ventilation, air conditioning and refrigeration systems for residential, commercial and industrial use. This agreement focuses on expanding the current manufacturing lines at Taqeef Company to include the manufacture of split air conditioners and central air conditioning units for residential buildings.
Under the agreement, the two parties will collaborate to develop innovative and sustainable solutions through advanced manufacturing processes. The Abu Dhabi Investment Office signed an agreement with the Chinese company Giolito Global Hub, which specializes in indoor lighting systems and high-tech solar lighting systems, with the aim of examining ways of cooperation to develop the local environmentally friendly lighting systems industry by establishing product assembly lines, manufacturing facilities, and an innovation center focusing on developing lighting solutions. Innovative. The agreement includes examining means of pre-approving lighting products and solutions, registering suppliers, and providing priority in benefiting from government purchases of products manufactured in the emirate.
The office also signed an agreement of understanding with Luminay Lighting Manufacturing Limited, which specializes in the field of electric lighting for residential buildings and roads, to develop a facility for the production of advanced lighting units in Abu Dhabi with the aim of meeting the growing demand for energy-efficient lighting solutions, and enhancing the emirate’s position as a leading global center for sustainable and innovative manufacturing. . Under the agreement, the two parties will study opportunities to establish an advanced industrial facility for the production of lighting units in Abu Dhabi. The agreement signed with JST Electronics Ltd., which specializes in lighting solutions that employ Internet of Things technologies, and the joint venture with Acara, the largest smart home solutions provider in China, aims to localize the manufacturing and production of lighting systems in Abu Dhabi, and establish an assembly line. Lighting products, manufacturing facility and innovation center specialized in developing smart lighting solutions. These agreements were signed by the Abu Dhabi Investment Office, His Excellency Badr Salim Sultan Al Olama, Director General of the Abu Dhabi Investment Office, and among the partners were Samer Alawiya, Executive Director – Daikin Emirates, Ziad Al Askari, President of Air Conditioning Factory LLC, and Heba Abdel Salam Al Feki. , General Manager of Giolito Global Hub, Fidaa Zaatar, Founder and CEO of Luminay Lighting Manufacturing Co., Ltd., and Jason Jiang, Director Executive Director of JST Electronics Co., Ltd.
His Excellency Badr Salim Sultan Al Olama said that these agreements support the efforts of the Abu Dhabi Investment Office to encourage cooperation and enhance nationalization in all sectors in Abu Dhabi, which enhances our industrial capabilities, contributes to building a more efficient and competitive economy, provides innovative and sustainable products that meet government needs, and consolidates Abu Dhabi’s position as a global center. A pioneer in developing smart and environmentally friendly solutions.
These agreements constitute an important step in the framework of the efforts of the Abu Dhabi Investment Office to establish strategic partnerships that encourage local manufacturing, within the framework of joint cooperation between the Abu Dhabi Investment Office and the Department of Government Empowerment – Abu Dhabi to benefit from the procurement policies of various government agencies in the Emirate of Abu Dhabi to encourage local production, in a way that meets the needs. Government and supports strengthening the environmental system for the industrial sector in the emirate.
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