The Abu Dhabi Investment Office (ADIO) announced its partnership with Siemens Energy AG to accelerate the journey to net zero in the UAE and globally.

Under the partnership, Siemens Energy will receive support to set up its Middle East Innovation Centre in Abu Dhabi, as part of ADIO’s $545 million Innovation Programme that creates growth opportunities for businesses in the emirate.

The partnership agreement was signed by Eng. Abdulla Abdul Aziz AlShamsi, Acting Director General of ADIO, and Dietmar Siersdorfer, Managing Director of Siemens Energy Middle East.

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Siemens Energy chose Abu Dhabi for its Middle East Innovation Centre because of the emirate’s efforts to decarbonise the economy, become a global hub for green energy and grow the knowledge ecosystem.

The Innovation Centre will contribute to the UAE’s goals of generating 50GW of renewable energy by 2050 and becoming a global energy centre of excellence. 

The Abu Dhabi Innovation Centre will be headed by Siemens Energy Chief Technology Officer, Middle East, Dr-Ing. Fahad Alyafei with a goal of not only developing innovative new technologies to accelerate the journey to net zero, but also enriching the economy through Emiratisation, job creation, skills and knowledge transfer, to develop the next generation of innovative researchers.

The launch of the Innovation Centre not only aligns with the goals of 2022’s COP27 in Egypt but supports the vision for 2023’s COP28 in the UAE, which aims to increase global climate action, while maximising the economic benefits both regionally and globally.

ADIO’s Innovation Programme supports high-growth companies and helps them tap into sizeable business and growth opportunities in Abu Dhabi.

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