Page 309 - MOET ENGLISH PR REPORT - OCTOBER 2025 (Part 1)

10/29/25, 11:16 AM Ministry of Economy and Tourism, Expo City Dubai and partners launch UAE’s first Green Innovation District – a catalyst for sust…
A global collaboration

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 EUR 14 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.

Her Excellency Dr Maria Hanif Al Qassim, Assistant Undersecretary 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 launch this initiative with four

outstanding strategic partners and are looking forward to welcoming many new entities as we expand
the green innovation community.”

Aiming to yield significant reductions in carbon emissions and waste, the Green Innovation District
caters to businesses involved in the circular economy, urban farming or offering sustainable products

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