Dubai: The Ministry of Economy and Tourism and Expo City Dubai have come together to launch the UAE's first Green Innovation District, a landmark initiative set to redefine industrial development by seamlessly integrating economic growth with environmental sustainability and social responsibility.
According to Emirates News Agency, the new Green Innovation District, set up in collaboration with four strategic partners, will serve as a powerful catalyst for sustainable industrial growth, attracting global businesses to the UAE and actively accelerating the nation's ambitious economic diversification and climate action goals, as set out in the UAE's Net Zero 2050 Strategy, Centennial 2071 Plan, and National Investment Strategy 2031.
Supporting eco-conscious businesses-specifically those committed to clean energy, circular economy, and green tech-to decarbonize and grow, Expo City Dubai is seen as the Green Innovation District's ideal location, with its ready-built sustainable infrastructure and award-winning world-class free zone. This is underscored by its strategic location, mid-way between Abu Dhabi and Dubai, on a critical logistics link that connects Jebel Ali Port with Al Maktoum International Airport, optimizing global trade.
Abdulla Bin Touq Al Marri, Minister of Economy and Tourism, emphasized that the launch marks a major milestone in advancing the nation's long-term economic and climate ambitions. He highlighted that the District will provide an incubative environment for enterprises and startups driving the UAE's green economy and circular economy transition.
Reem Al Hashimy, Minister of State for International Cooperation and CEO of Expo City Dubai Authority, remarked that the Green Innovation District builds on Expo City Dubai's sustainability credentials to cultivate an interconnected community operating on a circular economy model. It will become a highly attractive destination for eco-conscious businesses worldwide, solidifying the UAE's position as a global leader in green economic development.
Building on the Strategic Master Agreement with the Ministry of Economy and Tourism, Intesa Sanpaolo will act as a strategic partner in developing the Green Innovation District. Intesa Sanpaolo is a pioneer in circular economy finance, with significant funds already disbursed globally.
Nestl©, the world's largest food and beverage company, is supporting the initiative through the transfer of knowledge and technical expertise, contributing to the District's mission of fostering sustainable industrial growth.
Majra, the UAE's National Corporate Social Responsibility Fund, will help direct environmental projects and innovative enterprises to set up at the Green Innovation District, creating a national platform that brings together sustainable innovation and responsible investment.
Palmade, a Dubai-born manufacturer, is transforming locally discarded date palm leaves into high-quality biodegradable products. The company's transition to a new facility at Expo City Dubai marks a pivotal step in scaling production and introducing new product lines.
Dr. Maria Hanif Al Qassim, Assistant Under-Secretary for Policies and Economic Studies Sector, Ministry of Economy and Tourism, highlighted that the Green Innovation District is a collective endeavor uniting entities committed to advancing the green economy.
Sanjive Khosla, Vice President, Corporate Strategy at Expo City Dubai, stated that the success of the Green Innovation District will hinge on collaboration among all stakeholders to maximize the benefits of shared infrastructure and sustainable relationships.
Expo City will launch the UAE's first Green Licence aimed at attracting entities committed to environmental and social sustainability. In addition, the Ministry of Economy will set up an IP Office at Expo City Dubai to encourage research and development.
Expo City, a blueprint for sustainable urban development, builds on its legacy as the home of Expo 2020 Dubai and COP28. Its master plan is pre-certified Platinum in LEED Cities and Communities standard, aiming to be a hub for sustainability pioneers.
The landmark initiative was announced at the Asia Pacific Cities Summit and Mayors' Forum, held at Expo City Dubai, which gathered mayors and city leaders from over 350 cities to introduce major projects enabling governments and businesses to build more sustainable cities.