Page 356 - MOET ENGLISH PR REPORT - OCTOBER 2025 (Part 1)

10/29/25, 11:25 AM Ministry Of Economy And Tourism, Expo City Dubai Launch UAE’s First Green Innovation District | Pakistan Point
solar, water, and wind. This initiative will support the country’s national goals in achieving net
zero while also setting new benchmarks for green industrial development, becoming a flagship
model for the Global South.”

Reem Al Hashimy, 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.”

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

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