The Ministry of Economy and Tourism and Expo City Dubai launch the first Sustainability Innovation Park to stimulate sustainable growth
Dubai, October 28 / WAM / The Ministry of Economy and Tourism and Expo City Dubai announced the launch of the first sustainability innovation complex in the United Arab Emirates, with the aim of redefining the concept of industrial development by combining economic growth, environmental sustainability and social responsibility.
The Sustainability Innovation Park, which was launched in cooperation with four strategic partners, will serve as a strong catalyst for sustainable industrial growth, attracting international companies to the country and contributing to accelerating the achievement of its ambitious goals of diversifying the economy and climate action, in line with the “UAE Strategy for Climate Neutrality 2050,” the “UAE Centenary 2071,” and the “National Investment Strategy 2031.”
“Expo City Dubai” is considered the ideal location to launch this complex and support environmentally friendly companies, especially those concerned with clean energy, circular economy and green technologies, in order to reduce the carbon footprint and achieve growth, due to its ready-made sustainable infrastructure, a world-class free zone that has won prestigious awards, its commitment to achieving climate neutrality by 2050, and its rich legacy in driving progress. Sustainable and innovative. It is also distinguished by its strategic location, mediating between Abu Dhabi and Dubai, which represents a vital logistical link linking Jebel Ali Port to Al Maktoum International Airport, enhancing the efficiency of global trade.
His Excellency Abdullah bin Touq Al Marri, Minister of Economy and Tourism, said: “The launch of the Sustainability Innovation Complex in Expo City Dubai, which is the first of its kind in the country, represents an important milestone on the path to achieving our future economic and climate ambitions, as it was designed to serve as a catalyst for sustainable economic growth and an incubator environment for emerging companies and projects that lead the transformation process towards the green economy and circular economy model in State. “This creates a sustainable environment that supports comprehensive economic and social development in the long term.” He added: “Companies operating in the Sustainability Innovation Park will also benefit from the green intellectual property path launched by the Ministry, with the aim of promoting innovation, accelerating the localization of technology, and supporting the development of new projects in the knowledge economy, environmental sustainability and circular economy. The initiative will also enhance the country’s attractiveness as a destination for green and sustainable innovations and investments, in line with the “We Are the Emirates 2031” vision. And through our cooperation. With Expo City Dubai, we seek to build an integrated system that combines economic prosperity and environmental responsibility, to develop sustainable solutions in the fields of clean energy and green electricity, including generating electricity from renewable sources such as solar energy, water and wind. This initiative will support the country’s national goals to achieve climate neutrality and establish new standards for green industrial development, becoming a model to be emulated in the countries of the South. “global”.
For her part, Her Excellency Reem Ibrahim Al Hashemi, Minister of State for International Cooperation and CEO of the Dubai Expo City Authority, said: “The Sustainability Innovation Park builds on Expo City Dubai’s rich legacy in the field of sustainability and building an interconnected society that operates according to the circular economy model. This initiative embodies our core mission to create positive change that enhances our environmental, social and economic impact. The park will be a destination It is attractive to international companies that embrace the principles of sustainability, which enhances the country’s position as a leading global destination in the field of green economic development, investing in local skills, and contributing effectively to the nation’s prosperity and global climate action.”
Based on the main strategic agreement with the Ministry of Economy and Tourism, Intesa Sanpaolo Bank will support the creation of the Green Innovation Zone in Expo City Dubai. Intesa Sanpaolo Bank, one of the largest banking groups in the Eurozone and the only Italian bank with a presence in the UAE, is a pioneer in circular economy financing, having already provided more than €14 billion globally, committed to accelerating projects that turn sustainability into long-term growth. This collaboration represents a major step in advancing the UAE’s sustainable development, green growth and innovation agenda.
Her Excellency Dr. Maria Hanif Al-Qassim, Assistant Undersecretary for the Policy and Economic Studies Sector at the Ministry of Economy and Tourism, said: “The Sustainability Innovation Park represents a collective endeavor of entities committed to promoting the green economy, empowering small and medium enterprises, and accelerating circular and sustainable innovation. It embodies a shared commitment – nationally and internationally – to promoting responsible investment, enabling green entrepreneurship, and advancing Climate action wheel. The core of this vision is to promote intellectual property and sustainable technologies that translate innovation into tangible environmental and economic impact.”
Sanjeev Kosla, Vice President of Corporate Strategy at Expo City Dubai, said: “The success of the Sustainability Innovation Park will depend on collaboration between all stakeholders to maximize the benefits of shared infrastructure and symbiotic and sustainable relationships. We are pleased to launch the initiative with four prominent strategic partners, and look forward to welcoming many new entities as the Sustainability Innovation Community expands.”
For her part, Marjan Faridoun, Chief Human Resources Officer and Head of Education and Culture at Expo, told the Emirates News Agency, WAM, that the launch of the first sustainability innovation complex comes with the aim of supporting the UAE’s directions towards building a sustainable green economy and achieving the goals of carbon neutrality by 2050, in addition to supporting the National Investment Strategy 2031.
She said that the new complex constitutes an integrated platform to attract companies working in the fields of renewable energy, circular economy, and projects related to sustainability, noting that companies wishing to participate can visit the website www.expocitydubai.ae to view registration details and mechanisms for joining the complex.
She pointed out that Expo City Dubai provides about 2,000 square meters of land within the Sustainability Innovation Park to enable companies to establish their headquarters. She confirmed that the general plan for the complex has begun, and that the project will be developed in stages over the next five to ten years, thus enhancing the role of Expo City Dubai in supporting the national sustainability system and stimulating innovation and investment in green sectors in line with the UAE’s vision for the future.
The Sustainability Innovation Park seeks to reduce carbon emissions and reduce waste, as it targets companies working in the circular economy and urban agriculture, or those that provide a range of sustainable products and services, providing them with dedicated spaces for offices, stores, and food and beverage outlets, in addition to light industrial units and spaces dedicated to agriculture.
In this context, and within its free zone, which won the “Promising Free Zone” award from FDubai International Intelligence, Expo City Dubai will launch the first green license of its kind in the UAE, aiming to attract entities committed to environmental and social sustainability. This license will provide a set of incentives to enable companies to establish and operate smoothly, while the Ministry of Economy and Tourism intends to establish an intellectual property office within the complex, which will contribute to enhancing research and innovation. These two initiatives aim to enhance the UAE’s competitiveness in attracting innovators and encouraging sustainable practices.
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