Middle East Daily
    Hot News
    News

    Oteko Russia Supports All-Russian Ecological Effort

    Business

    RM of BTS Becomes Samsung Art TV Global Ambassador

    Business

    Fly Jinnah expands operations connecting Damam, Jeddah and Riyadh with Lahore

    Important Pages:
    • Privacy Policy
    • Terms & Conditions
    Facebook Twitter Instagram Pinterest
    • Privacy Policy
    • Terms & Conditions
    Thursday, September 4
    Facebook Twitter
    Middle East Daily
    • Home
    • News

      Al Jalila Foundation supports 60 organ transplant patients through “Your Donation Saves Lives” campaign

      Legends Charity Game in Lisbon to raise millions for charity

      ECAE hosts third edition of the Universities Collaboration Forum

      J-PAL MENA AT AUC CELEBRATES FIVE YEARS OF EVIDENCE POLICYMAKING IN THE MIDDLE EAST AND NORTH AFRICA

      Khalifa Fund for Enterprise Development and 42 Abu Dhabi partner to host inaugural coding bootcamp ‘Piscine’ in Al Ain Region

    • Business

      Talabat hosts Academy X participants at its HQ

      Warba launches “Your Coffee on Us” campaign in partnership with Kuwait Flour Mills at T4

      PUBG Mobile’s content creator initiative, the Next Star Global Creator Recruitment Program, launches globally

      Gulf Bank concludes successful participation in university admission fairs at Kuwait University and Abdullah Al-Salem University

      National Finance & Injaz Oman partner to support youth entrepreneurial ambitions

    • Technology

      Yango Group introduces the bilingual AI assistant Yasmina in Oman

      Sony’s New NFL Coach’s Headsets are Set to Debut on the Sidelines for 2025 Season

      Player Protection in the Spotlight at SBC Summit 2025

      Ultra comfort, from sleep to workout: Samsung Galaxy Watch8 Series now available for UAE pre-orders

      Du and Huawei renew partnership to accelerate Emiratisation and digital talent development in UAE

    • Lifestyle

      Dubai’s rise as the global capital of branded residences: Documented by Provident

      Joel Corry and Imanbek to headline star-studded SBC Summit Opening Party

      Ultra comfort, from sleep to workout: Samsung Galaxy Watch8 Series now available for UAE pre-orders

      Yango Launches Enhanced Commuting Experience in Abu Dhabi and Sharjah with Transport Service

      Sony’s Ultimate Travel Tech Guide for a Smarter Summer

    Breaking News:
    • Talabat hosts Academy X participants at its HQ
    • Warba launches “Your Coffee on Us” campaign in partnership with Kuwait Flour Mills at T4
    • PUBG Mobile’s content creator initiative, the Next Star Global Creator Recruitment Program, launches globally
    • Al Jalila Foundation supports 60 organ transplant patients through “Your Donation Saves Lives” campaign
    • Gulf Bank concludes successful participation in university admission fairs at Kuwait University and Abdullah Al-Salem University
    • National Finance & Injaz Oman partner to support youth entrepreneurial ambitions
    • Global Markets Stage at SBC Summit to Explore What’s Next for North America
    • Dubai launches world’s first icon classification for Human–Machine Collaboration in research and publications
    Middle East Daily
    Home » ITA announces partnerships in the MENA region to advance green industry
    Business

    ITA announces partnerships in the MENA region to advance green industry

    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp

    The Industrial Transition Accelerator (ITA) has announced partnerships with governments of the UAE and Bahrain to expand its efforts in industrial decarbonisation across the Middle East and North Africa (MENA) region. This is the ITA’s second region of focus, following the early success of its Brazil programme, announced in a partnership with Brazil’s Ministry of Development, Industry, Trade and Services in July this year.

    The industrial sector contributes 40% to MENA’s GDP, surpassing the global average of 26%, and with advantages in both conventional energy and renewable energy generation, the MENA region is well-positioned to lead the global decarbonisation of heavy industry1.

    The UAE’s Ministry of Industry and Advanced Technology and Bahrain’s Ministry for Industry and Commerce are the ITA’s first partners in the MENA region, with further country partners expected to be announced in the coming months. The ITA will collaborate with regional governments, industry leaders, and financial institutions to bolster the investment case for MENA’s emerging green industries and mobilise the critical capital needed to advance regional and global decarbonisation efforts.

    The ITA’s analysis, using the Mission Possible Partnership (MPP) Global Project Tracker shows a pipeline of announced green industrial projects in the MENA region.  These projects are awaiting billions of dollars of investment to start production of green commodities but require a stronger demand signal from the market to give businesses and investors the confidence to act2.

    H.E. Abdulla Bin Adel Fakhro, Minister of Industry and Commerce of the Kingdom of Bahrain, said: “We are delighted to be the first partner to join the ITA along with the UAE in the MENA Project Support Programme in this critical initiative to expand green industry in the region. Being part of this reaffirms our commitment towards promoting sustainable manufacturing inline with our Industrial Sector Strategy (2022-2026). The opportunities are vast and exciting and the need to advance this industry is urgent to accelerate our efforts to achieve carbon neutrality.

    Faustine Delasalle, Executive Director of the ITA, said: “Unlocking the existing pipeline of green industrial projects in the region would make a significant contribution to the region’s green growth agendas and help the scale-up of green markets globally. This new partnership with the governments of the UAE and Bahrain will showcase how the MENA region can speed up its energy and industry transition.”

    The road to Final Investment Decision (FID) in the UAE 

    The ITA is working to identify and support large-scale industrial projects that can be accelerated toward FID by 2026 and operational by 2030.

    To get on track with Paris-aligned climate targets, a critical mass of large-scale projects that have the potential to drive a deep reduction in emissions, must reach FID in the next two years and be brought online by 2030. The MPP Global Project Tracker has identified more than six announced net-zero aligned industrial plants in the UAE which, if brought to FID and combined with those already operating or at FID, would represent a total of approximately 30% of UAE’s 2030 climate target.

    Targeted Regional Support 

    To help mature the project pipeline in the MENA region, the ITA will provide on-the-ground, practical, tailored implementation support. Specifically, the ITA is partnering with project developers to identify and help overcome their barriers to investment by, for example, helping to stimulate demand for green goods by addressing policy and regulatory needs at a regional level, while building low-emissions value chains and identifying mechanisms to de-risk regional project investment.

    Corporate partnerships

    The following companies from the UAE are the first to sign formal agreements to work with the ITA as part of the MENA program: EMSteel, Emirates Global Aluminium, and Arabian Gulf Steel Industries.

    Eng. Saeed Ghumran Al Remeithi, Group Chief Executive Officer of EMSTEEL, said: “As one of the largest publicly traded steel and building materials manufacturers in the region, we are honoured to be working with the ITA to accelerate the decarbonisation of heavy industries in the UAE and beyond. EMSTEEL has been actively driving low-carbon products and setting sustainable benchmarks for the region, and our pilot project with Masdar demonstrating the use of green hydrogen to produce green steel is a clear testament to our efforts. It is essential for us to work with the wider ecosystem to effectively address viability concerns of commercial scale decarbonisation projects, and we are confident that our partnership with the ITA will help in overcoming those obstacles and in driving the wider adoption of sustainable solutions.”

    Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said: “Many decarbonisation challenges are shared between industries, and we must work together to solve them. The Industrial Transition Accelerator is a forum to advance this cooperation.”

    Asam Hussain, CEO of AGSI, stated: “As a signatory to the ITA, and the world’s first carbon neutral steel plant, we are excited to see the opportunities for advancing net-zero goals in the MENA region. We are committed to being an innovation leader in industry on the ground, actively implementing sustainable solutions and driving decarbonisation across the sector.  In order to drive progress effectively, we need a clear path to scale demand, clarity in industry definitions and confidence in policy frameworks that support project scalability.”

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp

    Related Posts

    Business

    Talabat hosts Academy X participants at its HQ

    Business

    Warba launches “Your Coffee on Us” campaign in partnership with Kuwait Flour Mills at T4

    Business

    PUBG Mobile’s content creator initiative, the Next Star Global Creator Recruitment Program, launches globally

    News

    Al Jalila Foundation supports 60 organ transplant patients through “Your Donation Saves Lives” campaign

    Business

    Gulf Bank concludes successful participation in university admission fairs at Kuwait University and Abdullah Al-Salem University

    Business

    National Finance & Injaz Oman partner to support youth entrepreneurial ambitions

    Business

    Global Markets Stage at SBC Summit to Explore What’s Next for North America

    Business

    Dubai launches world’s first icon classification for Human–Machine Collaboration in research and publications

    Follow Us
    • Facebook
    • Twitter
    Top Posts
    Business

    Oxford Business Group partners with Kafalah to highlight the vital role of MSMEs in driving economic transformation in Saudi Arabia

    Saudi Arabia’s MSME finance ecosystem at the heart of economic diversification and financial inclusion efforts…

    Business

    Merchlist Emerges as a Leading Provider of Custom Branded Corporate Gifts and Promotional Products in UAE and Saudi Arabia

    Dubai, UAE – Merchlist, a recognized leader in the custom branded merchandise and promotional products…

    Business

    XPANCEO becomes a unicorn with $250mln raise to create ultimate form factor for AI-powered XR computing

    Dubai, UAE — XPANCEO, a leading deep tech company developing the next generation of computing via smart…

    Business

    Korean Service Robot Companies to Showcase Innovative Technology in Dubai

    Korea Institute for Robot Industry Advancement to Operate the Korea Robot Pavilion at GITEX 2024…

    Lifestyle

    The Cullinan: Now Open at Jumeirah Marsa Al Arab

    FoodFund International proudly announces the official opening of The Cullinan, Dubai’s newest fine dining landmark, which…

    Welcome to Middle East Daily, your daily dose of news and insights from the heart of the Middle East. Explore the latest headlines, delve into thought-provoking analysis, and engage with stories that define our region's narrative.

    Facebook Twitter
    Categories
    • Business (364)
    • Lifestyle (124)
    • News (130)
    • Technology (89)
    Top Insights
    Business

    Smart Choices and Ample Supply keep Dubai’s rental market stable – Bayut & dubizzle

    Business

    MENA’s leading gaming and esports agency, Power League Gaming, launches “Flux” to help brands enter the fast growing space with lower cost solutions

    © 2025 Middle East Daily.
    • Home
    • Privacy Policy
    • Terms & Conditions

    Type above and press Enter to search. Press Esc to cancel.