Page 329 - MOET ENGLISH PR REPORT - OCTOBER 2025 (Part 1)

10/29/25, 11:21 AM Ministry of Economy and Tourism, Expo City Dubai and partners launch UAE’s first Green Innovation District – a catalyst for sust…
Her Excellency Reem Al Hashimy, UAE Minister of State for International Cooperation and CEO of Expo City
Dubai Authority, said: “The Green Innovation District builds on Expo City Dubai’s myriad of sustainability

credentials to cultivate an interconnected community operating on a circular economy model. It speaks to our
core purpose – to drive meaningful change that maximises our environmental, social and economic impact –

and will become a highly attractive destination for eco-conscious businesses worldwide, solidifying the UAE’s
position as a global leader in green economic development, investing in local skills and contributing
significantly to both national prosperity and global climate action.”

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

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