Page 290 - MOET ENGLISH PR REPORT - OCTOBER 2025 (Part 1)

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 at Expo City
Dubai. Intesa Sanpaolo, 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 finance, with more than EUR14 billion

already disbursed at global level, committed to accelerating projects that turn sustainability into

long-term growth.

As part of its presence within the newly launched Green Innovation District, Nestlé, the world’s
largest food and beverage company, is supporting through the transfer of knowledge and technical

expertise. Building on its global legacy in research, development and innovation, the company will
contribute to the District’s mission of fostering sustainable industrial growth, advancing circular

economy solutions and driving the UAE’s green transition.

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 through its initiatives

such as the ‘Sustainable Impact Challenge’ and ‘Future 100’, helping create a national platform
that brings together sustainable innovation, responsible investment, and positive social impact.

Palmade is a Dubai-born manufacturer transforming locally discarded date palm leaves into high-
quality biodegradable products. By turning this abundant natural resource into sustainable

alternatives, Palmade is driving circular innovation rooted in the UAE. The company’s transition to a
new facility at Expo City Dubai marks a pivotal step in scaling production, accelerating research

and development, and introducing new product lines that contribute to a more sustainable future.
Dr Maria Hanif Al Qassim, Assistant Under-Secretary for Policies and Economic Studies Sector,

Ministry of Economy and Tourism, said, “The Green Innovation District is a collective endeavour
uniting entities committed to advancing the green economy, empowering SMEs, and accelerating

circular and sustainable innovation. It reflects a shared commitment, nationally and
internationally, to fostering responsible investment, enabling green entrepreneurship, and driving

climate action. Central to this vision is the promotion of green intellectual property and

technologies that translate innovation into tangible environmental and economic impact.”
Sanjive Khosla, Vice President, Corporate Strategy at Expo City Dubai, said, “The success of the
Green Innovation District will hinge on collaboration among all stakeholders to maximise the

benefits of shared infrastructure and symbiotic, sustainable relationships. We’re delighted to

https://www.gulftoday.ae/business/2025/10/28/ministry-of-economy-and-tourism-expo-city-
dubai-launch-uaes-first-green-innovation-district