The Ministry of Industry and Advanced Technology on Wednesday signed agreements with Adnoc, Edge Group, Kezad Group and Dubai Industrial City. Photo: MoIAT
The Ministry of Industry and Advanced Technology on Wednesday signed agreements with Adnoc, Edge Group, Kezad Group and Dubai Industrial City. Photo: MoIAT
The Ministry of Industry and Advanced Technology on Wednesday signed agreements with Adnoc, Edge Group, Kezad Group and Dubai Industrial City. Photo: MoIAT
The Ministry of Industry and Advanced Technology on Wednesday signed agreements with Adnoc, Edge Group, Kezad Group and Dubai Industrial City. Photo: MoIAT

MoIAT signs deals to boost decarbonisation in manufacturing sector


Fareed Rahman
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The Ministry of Industry and Advanced Technology (MoIAT) has signed four preliminary agreements to accelerate decarbonisation and digitalisation in the manufacturing sector, as the UAE aims to become net zero by 2050.

The new agreements were signed with Adnoc, Edge Group, Kezad Group and Dubai Industrial City with a focus on the implementation of the Industrial Technology Transformation Index, a new framework to measure digital maturity and sustainability in factories, the ministry said on Wednesday.

“By participating in the index, companies will gain a clear road map as well as recommendations to help them integrate technologies that will boost their productivity and efficiency,” MoIAT said.

“These efforts will support decarbonisation of the entire industrial value chain.”

The UAE is investing heavily in clean energy projects and has announced several initiatives as it seeks to reach net-zero emissions by 2050.

The country is building the world’s largest solar plant in the Al Dhafra region of Abu Dhabi emirate, with a capacity of 2 gigawatts, as well as the Mohammed bin Rashid Solar Park in Dubai, which has a planned capacity of 5 gigawatts.

It also aims to decarbonise the industrial sector.

Through expanding ITTI, MoIAT will also gain more detailed data and information on the industrial landscape, “helping it to co-create evidence-based policies and programmes that drive digital transformation and decarbonisation,” it said.

The partnerships will lead to new incentives that will help manufacturers to digitalise and decarbonise their operations.

This year, MoIAT formed an alliance with the private sector to develop and use sustainable technologies.

The Industrial Sustainability Alliance aims to adopt green technologies to accelerate sustainable industrial growth, the ministry said at the time.

It also seeks to showcase industrial sustainability best practices in the UAE’s industrial sector and provide a platform for dialogue among all stakeholders — policymakers, global technology experts and industry.

In 2021, the UAE launched the Operation 300bn strategy to increase the manufacturing sector's contribution to the country's gross domestic product to Dh300 billion ($82 billion) by 2031, from Dh133 billion in 2021.

The Arab world's second-largest economy is also encouraging companies to manufacture products locally as part of the Make it in the Emirates initiative.

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Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

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  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

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All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I

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Second Test: New Zealand 21 British & Irish Lions 24

Third Test: New Zealand 15 British & Irish Lions 15

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1. Fasting

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4. Shahada

5. Zakat 

UAE currency: the story behind the money in your pockets
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The alternatives

• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.

• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.

• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.

2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.

• PayPal is probably the best-known online goods payment method - usually used for eBay purchases -  but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.

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Updated: May 10, 2023, 2:35 PM`