Page 468 - MOE ENGLISH PR REPORT - JANUARY 2025
P. 468

1/22/25, 4:39 PM                  UAE Ministry of Economy, Climate First join forces to boost UAE climate-tech ecosystem
        ADSW 2025: UAE Ministry of Economy, Climate First join forces to boost UAE climate-tech ecosystem
        Al Zeyoudi: This partnership highlights the UAE's commitment to innovation and
        sustainability in combating climate change














































        The UAE is promoting transformative collaborations with Climate First to shape the future of clean energy and decarbonization.
        (Photo Credit: WAM)
        Published: Fri 17 Jan 2025, 4:30 PM Last updated: Fri 17 Jan 2025, 4:48 PM
        The UAE Ministry of Economy’s NextGen FDI initiative has partnered with Climate First, a leading
        European private equity firm specializing in climate innovation investments, to advance the UAE’s
        climate-tech ecosystem. The partnership, which will see Climate First bring its portfolio companies
        to the UAE for networking, partnership and expansion opportunities, was cemented with the
        inaugural Climate First UAE Roadshow, in partnership with the UAE Ministry of Economy, during
        Abu Dhabi Sustainability Week (ADSW) 2025, WAM reported.
        Pioneering companies in the UAE climate-tech ecosystem
        The Roadshow brought five pioneering climate tech companies – Climeworks, Energy Dome,
        ZeroAviva, Cylib, and Glasspoint – to Abu Dhabi Sustainability Week to explore opportunities for
        establishing strategic, high-impact partnerships with major UAE stakeholders driving meaningful
        decarbonization in the Emirates. From direct air capture and battery recycling to hydrogen-electric
        aviation and solar stream generators for industrial processes, the five companies are further
        developing some of the most innovative and advanced solutions across key industries.

        During ADSW, Dr. Thani bin Ahmed Al Zeyoudi, UAE minister of State for Foreign Trade,
        welcomed the Climate First roadshow emphasizing the importance of climate tech in driving
        sustainable development. He stated, “This partnership reflects the UAE’s unwavering commitment
        to innovation and sustainability. Through the NextGen FDI initiative, we are creating a supportive
      https://economymiddleeast.com/news/uae-ministry-of-economy-climate-first-join-forces-to-boost-uae-climate-tech-ecosystem-abu-dhabi-sustainability-…  1/2
   463   464   465   466   467   468   469   470   471   472   473