Latest news with #Al-Olama
Al Etihad
21-05-2025
- Business
- Al Etihad
In partnership with Abu Dhabi Investment Office, Space42 launches Middle East's first commercial earth observation satellite manufacturing facility in Abu Dhabi
21 May 2025 16:27 ABU DHABI (ALETIHAD)Abu Dhabi Investment Office (ADIO) has launched the Middle East's first dedicated commercial Synthetic Aperture Radar (SAR) satellite manufacturing facility. The project is delivered in partnership with Space42. The facility, to be named Space42 Space Systems, will localise the design, assembly and testing of SAR satellites used for earth observation (EO), securing independent access to space-based intelligence for Abu Dhabi. This marks the first time such capabilities will be developed locally for commercial use, enabling the UAE to produce advanced EO satellites independently and strengthening its sovereign space during Make it in the Emirates 2025, the project advances ADIO's mission to drive strategic investment into priority sectors, enhancing Abu Dhabi's knowledge economy and supporting its transformation into a global hub for advanced manufacturing. Space42 Space Systems will deliver sustainable economic impact and create high-skilled jobs in the advanced industries sector, including a significant number of roles for UAE Nationals, reflecting Abu Dhabi's commitment to cultivating a highly skilled local talent base. It will directly advance the UAE's Space Strategy 2030 and the UAE's EO Space Programme, designed to build national capabilities in satellite-based remote Al-Olama, Director General of ADIO, said: 'This strategic partnership brings together global capability and national ambition. By enabling transformative companies like Space42 to scale breakthrough technologies here in Abu Dhabi, we are delivering on our mandate to accelerate the emirate's economic growth and establish future-ready industries. The transformational project demonstrates Abu Dhabi's vision in action, enabling knowledge transfer, advancing critical infrastructure and delivering sustainable economic impact.'Operated by Space42, Space42 Space Systems will oversee the full manufacturing lifecycle, from system design to launch readiness. It advances the company's goal of building sovereign Earth Observation capabilities while anchoring a space ecosystem that can scale globally from Abu Al Hosani, CEO of Banayat Smart Solutions at Space42, said: 'Bringing commercial satellite manufacturing into the UAE marks a pivotal step in realising Space42's strategy. It enhances our sovereign capability in earth observation and strengthens our position as the preferred partner for premium geospatial data. Abu Dhabi is at the centre of this ambition, providing the environment to test, scale and export space-based capabilities that are sovereign at origin and global in application. With ADIO as a partner, we are turning strategic intent into scalable infrastructure and cultivating Emirati talent that will shape the future of this sector.'SAR satellites, capable of capturing high resolution imagery in all weather and light conditions, are vital for national security, environmental monitoring and disaster response. Until now, production of these systems has remained largely concentrated in a handful of international this pioneering facility, Abu Dhabi will, for the first time assemble, integrate and test commercial SAR satellites, positioning the emirate at the forefront of the global space economy and reinforcing its status as a centre of excellence for space project will be implemented by Space42, established to operate the facility using best in-class technology in systems integration, advanced testing and launch manufacturing, the facility will actively support Abu Dhabi's strategy to develop a sustainable pipeline of local talent. It will embed robust academic and industry programmes, including internships for UAE Nationals, technical lectures, industry site visits and research collaborations with leading Abu Dhabi universities. These initiatives will contribute to developing a national space workforce with hands-on industrial new modular facility will manage the complete Assembly, Integration and Testing (AIT) lifecycle, from system design to launch preparation. As space becomes an increasingly important sector of the global economy, ADIO's support ensures that Abu Dhabi becomes an exporter of satellite technology, reinforcing the emirate's status as a regional hub for manufacturing, data intelligence and sovereign technologies. Make it in the Emirates Continue full coverage
Al Etihad
19-05-2025
- Automotive
- Al Etihad
Abu Dhabi Investment Office launches Automotive Programme
19 May 2025 18:55 ABU DHABI (WAM)The Abu Dhabi Investment Office (ADIO) on Monday announced the launch of a major economic programme targeting the establishment of an end-to-end automotive by multi-billion-dirham investments from global industry leaders, the programme aims to transform Abu Dhabi into the region's foremost hub for smart automotive manufacturing and assembly, R&D, restoration, auctions and luxury during the Make it in the Emirates Forum 2025 (MIITE), the automotive programme is projected to contribute Dh100 billion to Abu Dhabi's GDP by 2045, attract over Dh8 billion in FDI and create 7,000 high-skilled inclusion of advanced R&D and engineering centres, as well as participation from Tier 1 and 2 suppliers and premium OEMs, ensures that the entire value chain, from design and manufacturing to aftersales, generates sustained economic impact and long-term industrial competitiveness. In addition to manufacturing, the holistic ecosystem will encompass activations, annual product launches, motorsport and industry events, luxury car restoration and premium vehicle development will also be a cornerstone of the automotive programme. In collaboration with top universities, ADIO has created the region's first Automotive AI Curriculum, focused on product design. The programme combines advanced research, AI, training and international placements, further embedding local talent in the global mobility value Al-Olama, Director General of ADIO, said, 'Backed by automotive OEMs, our automotive programme is a defining step in Abu Dhabi's evolution as a global economic powerhouse, reinforcing our strength in advanced manufacturing, future mobility and design excellence. It reflects Abu Dhabi's long-term vision to build not just competitive sectors, but entire ecosystems that shape global standards and unlock innovation. It signals that the emirate is not just a destination for investment, but a global, export-driven hub where talent, technology and bold ambition converge.'Mohammad Ali Al Kamali, Chief Industry and Trade Officer at ADIO, added, 'With the launch of the automotive programme, we are moving beyond assembly to create an end-to-end manufacturing and innovation ecosystem, where global OEMs, specialist automotive suppliers and emerging technology players can co-locate, collaborate and scale from Abu Dhabi. "This is how we industrialise opportunity: by combining strategic infrastructure, future-focused talent and global partnerships to make Abu Dhabi a centre of gravity for automotive production and smart mobility systems.'More than ten commercial and investment agreements were announced as part of the automotive programme during the MIITE Forum, marking the first full demonstration of Abu Dhabi's automotive programme in motion. Leading automotive manufacturers, including Genesis and ROX Motors, confirmed new manufacturing agreements with W Motors in Abu Dhabi, establishing the emirate as a production hub for regional and international AIH Group, one of the world's largest automotive assembly providers, is now embedded in the local manufacturing landscape as the technical lead for high-volume vehicle anchor projects are complemented by a robust network of local supply chain partnerships that enhance each stage of automotive production. This includes lightweight materials through Borouge, battery systems by Enercap, and aluminium components through Automotive Precision Technology (APT), establishing a full-spectrum vehicle manufacturing ecosystem. Together, these investments mark a pivotal step in shaping Abu Dhabi's automotive future, one that blends advanced manufacturing with cutting-edge design, sustainable mobility and global reach. By anchoring world-class talent, technology and supply chains in the emirate, the automotive programme sets a new standard for industrial excellence in the region and beyond.
Al Etihad
17-05-2025
- Business
- Al Etihad
ADIO, Qualcomm Technologies partner to establish Engineering Centre in Abu Dhabi
17 May 2025 14:14 ABU DHABI (ALETIHAD)Qualcomm Technologies, Inc. has unveiled plans to establish a cutting-edge global Engineering Centre in Abu Dhabi that will focus on the development of advanced technologies and spearhead technical innovation in AI. The Qualcomm Engineering Centre will become an integral part of the Qualcomm Global Engineering hubs working on next-generation technology in industrial IoT, AI and data centre solutions to help meet growing local and global demand for high-performance connectivity, power-efficient computing and Qualcomm Engineering Centre will also collaborate with Abu Dhabi-based local and global companies to support local strategic initiatives in the MENA region. The centre will augment our global engineering capabilities to deliver products and services designed to meet the needs of key industries, including energy, manufacturing, logistics, retail and smart mobility, which are key drivers for economic Al-Olama, Director General, Abu Dhabi Investment Office, said: 'Abu Dhabi is laying the groundwork for future-defining industries, grounded in world-class research capabilities, integrated infrastructure and the ability to attract top-tier talent. The Qualcomm Engineering Centre in Abu Dhabi is poised to deliver technological advancements in IoT, AI and data infrastructure with applications across critical sectors, unlocking complex solutions at a global scale in partnership with Abu Dhabi's world-class ecosystem."He added, 'This is why ambitious global investors and pioneering companies, like Qualcomm, choose Abu Dhabi: as an investment destination, we lose no time in anticipating what's next; we build for it.'Cristiano Amon, President and Chief Executive Officer, Qualcomm Inc. said: 'We are thrilled to announce our plans to establish a Qualcomm Engineering Center in Abu Dhabi as part of our efforts to advance technology innovation in the MENA region." Amon added, "This new engineering hub will focus on developing best-in-class AI and industrial IoT solutions while also cultivating local talent and fostering job creation. We look forward to working with the Abu Dhabi Investment Office and the UAE to expand their technology ecosystem.' Source: Aletihad - Abu Dhabi
Al Etihad
12-05-2025
- Business
- Al Etihad
ADIO signs strategic partnership with Japan's Mizuho Financial Group to fast-track investment into Abu Dhabi
12 May 2025 13:15 ABU DHABI (ALETIHAD)The Abu Dhabi Investment Office (ADIO) and Mizuho Financial Group, Inc., a leading global financial institution with one of the largest customer bases in Japan, have signed a strategic agreement to fast-track Japanese investment into the emirate's dynamic during the Abu Dhabi Investment Forum (ADIF) in Tokyo, the partnership will streamline investor access, support business expansion and open new channels for cross-border capital agreement marks a significant step in deepening financial and commercial ties between Abu Dhabi and Japan at a time of growing cross-border ambitions across Asia and the Middle this agreement, ADIO and Mizuho will jointly promote Abu Dhabi as a strategic investment hub for Japanese businesses and startups. ADIO will collaborate closely with Mizuho to offer practical support to clients seeking to establish or expand their operations in the clients will receive tailored insights into Abu Dhabi's investment landscape, regulatory environment and high-growth sectors, alongside investor seminars and business missions designed to establish new Al-Olama, Director General of ADIO, said, "Our agreement with Mizuho reflects a clear alignment of intent: to create structured, long-term pathways between Japanese capital and the exceptional opportunities emerging from Abu Dhabi's economic transformation. Our role is to make that engagement frictionless, targeted and outcome-driven, connecting ambitious Japanese investors with Abu Dhabi's high-growth sectors. With Mizuho's strategic networks and institutional reach, we are strengthening Abu Dhabi's position as a destination of choice for global investors seeking to scale with clarity and confidence."In addition to corporate growth, the partnership seeks to provide liquidity and access to global capital markets - covering loans, fixed income and equity investment - for Abu Dhabi's government-related entities. Moreover, both organisations have committed to developing alternative sources of capital by connecting Japanese and Asian institutional investors with Abu Dhabi government Take, Deputy President of Mizuho Financial Group, added, "Abu Dhabi stands at the forefront of global innovation and investment. By partnering with ADIO, we are offering our clients a gateway to a world-class business environment, advanced infrastructure and thriving sectors that promise long-term returns. We look forward to unlocking new growth for Japanese enterprises in Abu Dhabi and beyond." The signing forms part of a broader push to cement the emirate's position as a gateway for global investment. Through platforms like ADIF, Abu Dhabi is showcasing its competitive advantages, from seamless market access and sector-focused free zones to ADIO's economic clusters, to international business leaders, investors and family offices.
Al Etihad
02-05-2025
- Business
- Al Etihad
Abu Dhabi Investment Office partners with Alpheya to accelerate AI-led digital wealth management
2 May 2025 17:14 ABU DHABI (ALETIHAD)The Abu Dhabi Investment Office (ADIO) has partnered with Alpheya, a leading wealth management technology platform, with the aim to drive innovation in financial services, create high-skilled jobs with a strong focus on Emiratisation, and strengthen the emirate's wealth management sector, in line with Abu Dhabi's vision to enhance the industry and attract high-impact global the strategic backing of BNY, Lunate and ADQ, Alpheya provides an AI-driven wealth management platform that helps banks, asset managers and investment advisors deliver personalised financial services to high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals in the GCC part of its growth strategy, Alpheya plans to make significant capital and operational investments over the next three years, starting with the opening of a new Alpheya office in Al Ain Region. Enabled by ADIO's competitive business support, Alpheya will accelerate innovation in financial technology, with plans to register new intellectual property (IP) to enable foreign financial institutions to set up and go to market efficiently in Abu investment in technology and infrastructure, Alpheya is also committed to nurturing local talent. The company plans to establish an internship programme for Emirati talent, launch financial literacy initiatives for students and educators, and introduce an international exposure programme for UAE Al-Olama, Director General of ADIO, said, 'Abu Dhabi is shaping the future of digital wealth management, creating an environment where innovation thrives, and global financial leaders can scale. Our partnership with Alpheya reinforces our commitment to building a world-class financial ecosystem, one that not only attracts high-impact investments but also empowers local talent and drives advancements in financial technology.'Roger Rouhana, CEO of Alpheya, said, 'We are committed to redefining how wealth management is delivered in the region, and partnering with ADIO marks a key milestone in that journey. By expanding within Abu Dhabi, we are continuing to set a new standard through a next-generation, AI-powered platform that allows financial institutions to provide personalised, data-driven investment solutions at scale. ADIO's support enhances our ability to develop local expertise and shape the future of digital wealth services in the UAE.' The partnership between ADIO and Alpheya underscores Abu Dhabi's commitment to expanding its financial services sector, and increasing local expertise in wealth management, furthering the emirate's vision to become a premier destination for global financial institutions seeking advanced, technology-driven wealth management solutions.
