Latest news with #AbuDhabiEconomicVision2030
Mid East Info
4 days ago
- Business
- Mid East Info
TAQA and Abu Dhabi Airports: Fuelling Abu Dhabi's Gateway with Next-Gen Power and Sustainable Innovation
TAQA Distribution, a subsidiary of Abu Dhabi National Energy Company (TAQA), has signed a Memorandum of Understanding (MoU) with Abu Dhabi Airports at the World Utilities Congress 2025 to explore opportunities to enhance the management of power and water infrastructure, and integrate cutting-edge technologies into the existing and future utilities networks across all airports in the Emirate. The MoU was signed by Omar Al Hashmi, CEO of TAQA Distribution, and Elena Sorlini, MD & CEO of Abu Dhabi Airports, in the presence of senior officials and industry stakeholders. As part of the MoU, TAQA Distribution will explore leveraging its years of experience effectively managing Abu Dhabi's highly reliable public utilities network, proven track record of designing and building energy—and cost-efficient utilities infrastructure, ensuring high standard of operational excellence in maintaining private-sector utility assets. Omar Al Hashmi said: 'The MoU allows TAQA Distribution and Abu Dhabi Airports to join forces to advance Abu Dhabi's vision of becoming a global aviation hub. Our core expertise in conceptualizing, implementing, and operating utility assets will facilitate our seamless integration within Abu Dhabi Airports' operations, significantly enhancing infrastructural efficiency to better serve millions of passengers and support the Emirates' economic and logistical goals.' Zayed International Airport (AUH), a key aviation hub for the UAE, benefits from collaborations with strategic partners like TAQA Distribution, focusing on sustainable and innovative growth. These partnerships bolster Abu Dhabi's commitment to increasing capacity and improving operational efficiency, ensuring its status as a premier gateway for the region. Elena Sorlini said: 'As the aviation sector evolves, utility resilience and sustainability are indispensable for long-term success. Partnering with TAQA Distribution allows us to bring private network operations up to public standards, ensuring flawless service delivery 24/7. Together, we are reinforcing Abu Dhabi's role as a destination of choice for trade, tourism, and economic diversification.' This MoU is set to support several key pillars of the Emirates' growth strategy outlined within the Abu Dhabi Economic Vision 2030. The modernization and digitization of utility services — powered by AI-enabled predictive maintenance and cutting-edge customer relationship management — will further align the Emirate's airport infrastructure with global best practices. TAQA Distribution is building a growing portfolio of strategic alliances, including a recent collaboration with Abu Dhabi Global Market (ADGM) to roll out a digital utilities billing solution for Al Maryah and Al Reem Islands. Through its TQD+ platform, TAQA Distribution continues to offer bespoke utility services to support the infrastructure demands of Abu Dhabi's rapidly evolving communities.
Gulf Today
4 days ago
- Business
- Gulf Today
Taqa and Abu Dhabi Airports to enhance utility infrastructure
Taqa Distribution, a subsidiary of Abu Dhabi National Energy Company (Taqa), has signed a Memorandum of Understanding with Abu Dhabi Airports at the World Utilities Congress 2025 to explore opportunities to enhance the management of power and water infrastructure, and integrate cutting-edge technologies into the existing and future utilities networks across all airports in the Emirate. The MoU was signed by Omar Al Hashmi, CEO of Taqa Distribution, and Elena Sorlini, MD & CEO of Abu Dhabi Airports, in the presence of senior officials and industry stakeholders. As part of the MoU, Taqa Distribution will explore leveraging its years of experience effectively managing Abu Dhabi's highly reliable public utilities network, proven track record of designing and building energy and cost-efficient utilities infrastructure, ensuring high standard of operational excellence in maintaining private-sector utility assets. Omar Al Hashmi said, 'The MoU allows Taqa Distribution and Abu Dhabi Airports to join forces to advance Abu Dhabi's vision of becoming a global aviation hub. Our core expertise in conceptualising, implementing, and operating utility assets will facilitate our seamless integration within Abu Dhabi Airports' operations, significantly enhancing infrastructural efficiency to better serve millions of passengers and support the Emirates' economic and logistical goals.' Zayed International Airport (AUH) benefits from collaborations with strategic partners like Taqa Distribution, focusing on sustainable and innovative growth. These partnerships bolster Abu Dhabi's commitment to increasing capacity and improving operational efficiency, ensuring its status as a premier gateway for the region. Elena Sorlini said, 'As the aviation sector evolves, utility resilience and sustainability are indispensable for long-term success. Partnering with Taqa Distribution allows us to bring private network operations up to public standards, ensuring flawless service delivery 24/7. Together, we are reinforcing Abu Dhabi's role as a destination of choice for trade, tourism, and economic diversification.' This MoU is set to support several key pillars of the Emirates' growth strategy outlined within the Abu Dhabi Economic Vision 2030. The modernisation and digitisation of utility services - powered by AI-enabled predictive maintenance and cutting-edge customer relationship management - will further align the Emirate's airport infrastructure with global best practices. On Tuesday Taqa Distribution, a subsidiary of Abu Dhabi National Energy Company (Taqa), has signed a Memorandum of Understanding (MoU) with EMSTEEL Group, one of the largest publicly traded steel and building materials manufacturers in the region at the World Utilities Congress 2025 to explore the delivery of advanced, integrated utilities solutions across Abu Dhabi's growing industrial landscape. As part of the MoU, Taqa Distribution will explore customised, end-to-end power and water network management—including rapid integration with existing infrastructure, cost-efficient maintenance, and mobilisation of ready-to-deploy technical teams.
Yahoo
23-05-2025
- Business
- Yahoo
Deutsche Bank bolsters UAE foothold with ADGM licence
Deutsche Bank has secured a financial services licence from the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM) to perform essential regulated activities within the international financial hub. The licence enables Deutsche Bank to engage in various regulated activities as outlined in the Financial Services and Markets Regulations 2015 (FSMR), including arranging deals in investments, arranging credit, and advising on investments or credit. This development is in line with Deutsche Bank's strategy to enhance its operations in the UAE. The bank aims to align its efforts with its global Hausbank strategy, which focuses on being a reliable partner to clients by providing integrated financial solutions that meet their changing needs across different markets and sectors. Deutsche Bank Middle East and Africa CEO Jamal Al Kishi said: 'Receiving this licence is an important step in our strategy to better meet the evolving needs of our clients in the UAE and across the region. 'It improves our ability to deliver on our Hausbank promise — to serve as a trusted partner to clients wherever they operate.' Jean-Pierre Habis has been named senior manager for the new ADGM branch, with responsibility for managing key aspects of the bank's regulated business activities and assisting in the delivery of customised financial solutions to clients. The ADGM licence aligns with Deutsche Bank's goal of linking global capital with regional opportunities, stated the German lender. It also contributes to the economic transformation of the region, in line with national initiatives such as 'We the UAE 2031' and the 'Abu Dhabi Economic Vision 2030.' Deutsche Bank currently provides services in investment banking, corporate banking, and wealth management in the region. Recently, Coller Capital partnered with Deutsche Bank to offer its flagship private equity secondaries fund, CollerEquity, to professional and qualified individual investors in Asia and select EMEA countries. "Deutsche Bank bolsters UAE foothold with ADGM licence" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Al Etihad
17-05-2025
- Business
- Al Etihad
Ghitha Holding to showcase food industry growth at Make it in the Emirates 2025
17 May 2025 15:00 ABU DHABI (WAM)Ghitha Holding PJSC, a subsidiary of International Holding Company PJSC (IHC), and the UAE's diversified conglomerate spanning across agriculture, food production and distribution, will participate in the Make it in the Emirates (MIITE) Forum this year, showcasing its pivotal role in advancing food security and driving industrial growth. Organised by the Ministry of Industry and Advanced Technology (MoIAT), the event will take place from May 19-22 at the ADNEC Centre in Abu a vast number of subsidiaries and associates spanning the entire value chain – from farming, production to trade, logistics, distribution- Ghitha embodies the core ambitions of MIITE 2025 – driving the future of manufacturing in the UAE, accelerating tech-driven innovation, empowering local talent, and expanding cross-border market Najeeb Khoory, Deputy CEO of Ghitha Holding, shared: 'Ghitha Holding is proud to play a leading role at the Make it in the Emirates Forum this year, a gathering where innovation and purpose come together to fuel the UAE's industrial capacity, especially in food manufacturing. Powered by technology, local talent, and a focus aligned with food security, Ghitha has long been devoted to fostering growth that will endure for generations. Joining MIITE reinforces our role as a catalyst in building the future of manufacturing, fully aligned with the UAE's vision for a resilient, diversified, and globally competitive economy.' In line with the UAE's industrial strategy and Abu Dhabi Economic Vision 2030, Ghitha's growing portfolio of dairy and protein companies supports MIITE's efforts to boost local manufacturing and reduce import dependence across vital food sectors.
Mid East Info
16-05-2025
- Business
- Mid East Info
Ghitha Holding Powering UAE's Food Security and Industrial Growth at Make it in the Emirates 2025 - Middle East Business News and Information
Ghitha Holding's AED 9.3 billion asset portfolio (as of 31 Dec 2024) aligns with National Food Security Strategy 2051, Abu Dhabi Economic Vision 2030, and UAE's industrial strategy Abu Dhabi, UAE – May , 2025: Ghitha Holding PJSC, a subsidiary of International Holding Company PJSC (IHC), and the UAE's diversified conglomerate spanning across agriculture, food production and distribution, will participate in the Make it in the Emirates (MIITE) Forum this year, showcasing its pivotal role in advancing food security and driving industrial growth. With a vast number of subsidiaries and associates spanning the entire value chain – from farming, production to trade, logistics, distribution, Ghitha embodies the core ambitions of MIITE 2025 – driving the future of manufacturing in the UAE, accelerating tech-driven innovation, empowering local talent, and expanding cross-border market access. As a vertically integrated powerhouse, Ghitha delivers a seamless supply chain from farm to table, ensuring reliable access to high quality food products for households, hospitality, and retail sectors. This integrated model helped Ghitha execute a stellar financial performance in 2024, posting nearly AED 5 billion in revenue – a robust 9% year-on-year hike. Gross profits soared by 26%, while managed assets surged to AED 9.3 billion, spotlighting the company's rapid expansion and operational fortitude. Issa Najeeb Khoory, Deputy CEO of Ghitha Holding shared: 'Ghitha Holding is proud to play a leading role at the Make it in the Emirates Forum this year; a gathering where innovation and purpose come together to fuel the UAE's industrial capacity, especially in food manufacturing. Powered by technology, local talent, and a focus aligned with food security, Ghitha has long been devoted to fostering growth that will endure for generations. Joining MIITE reinforces our role as a catalyst in building the future of manufacturing – fully aligned with the UAE's vision for a resilient, diversified, and globally competitive economy.' Championing Food Security and Agricultural Self-Reliance: Ghitha's core mandate is to strengthen the UAE's food supply chain – directly aligning with the National Food Security Strategy 2051. Subsidiaries such as NRTC, with a legacy of over 50 years, contribute to the local supply of fresh fruits and vegetables. Mirak, a pioneer in sustainable farming, supplies tones of premium produce through an integrated value chain. Scaling National Production in Dairy, Poultry & Seafood: In line with the UAE's industrial strategy and Abu Dhabi Economic Vision 2030, Ghitha's growing portfolio of dairy and protein companies support MIITE's efforts to boost local manufacturing and reduce import dependence across vital food sectors. Through its extensive network of subsidiaries, Ghitha holds a leading position across the dairy, poultry, and beverage markets in the UAE. Through its subsidiary, Al Ain Farms Group, that unites five renowned UAE companies under one umbrella (Al Ain Farms, Marmum Dairy, Ajban Chicken, Al Jazira Poultry Farm's Golden Eggs, and Saha Arabian Farms), Group supplies more than one-third of the nation's total consumption in these categories, underscoring its critical role in the country's food supply chain. Ghitha serves a significant portion of retail outlets across the UAE, ensuring consistent product availability and contributing to food security. With its portfolio of seafood produced in Asmak state of the art facility, leveraging advanced processing technologies and stringent quality standards, the company ensures the delivery of high-quality seafood to both local and regional markets. Localizing Manufacturing and Igniting Innovation: In support of MIITE's industrial development and innovation agenda, Ghitha is actively expanding the UAE's food manufacturing base and investing in advanced technologies. Abu Dhabi Vegetable Oil Company (ADVOC) is the only edible oil refinery in Abu Dhabi, while International Food Industries (IFI) in Fujairah specializes in high quality convenience foods such as corn, beans and chickpeas. Enabling Trade, Distribution & Supply Chain Efficiency: As MIITE emphasizes integrated value chains and competitive exports, Ghitha's logistics and trading subsidiaries serve as key enablers of trade and market resilience. Zee Stores, a prominent distribution and trading company, serves a variety of consumer, hospitality, and government sectors. Royal Horizon and Overseas Foodstuff Trading supply essential staples and manage institutional food programs.
