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12/12/23, 11:48 AM Global Manufacturing and Industrialisation Summit launches Climate Action Initiative at COP28 – UAE BARQ

Global Manufacturing and Industrialisation Summit

launches Climate Action Initiative at COP28

4 days ago News

The Global Manufacturing and Industrialisation Summit (GMIS) announced the launch of the Climate Action Initiative in
collaboration with UAE-based venture capital firm, VentureSouq, to catalyse early-stage funding for Climate-tech
startups.

The announcement was made at the GMIS Special Event held at the UAE Pavilion within the Blue Zone of COP28 to
lead talks to decarbonise industries and advance climate action.

Namir Hourani, Managing Director of the Global Manufacturing and Industrialisation Summit, opened the day with two
pivotal announcements of World Industrial Day and Climate Action Initiative in the presence of Gerd Müller, Director
General of the United Nations Industrial Development Organization (UNIDO) and Omar Al Suwaidi, Undersecretary of
the UAE Ministry of Industry and Advanced Technology.

Hourani emphasised the significance of these initiatives, stating, “The Global Manufacturing and Industrialisation
Summit has been a committed advocate for harnessing the power of innovation to accelerate the United Nations
Sustainable Development Goals (UN SDGs) and promote global good. World Industrial Day and Climate Action
Initiative mark a significant step towards building a better future during this critical decade that demands bold climate
action.

As we navigate COP28, let us unite in our commitment to turn ambitions into action, pledges into purposeful progress,
and innovation into scalable solutions. And together, let’s build a greener and sustainable future for all.”

The Climate Action Initiative aims to create an ecosystem that fosters innovation, delivering sustainable impact at
scale. UNIDO will play a crucial role in identifying overarching global challenges, while the Global Manufacturing and

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