Latest news with #MakeitintheEmirates2025
Web Release
6 days ago
- Business
- Web Release
LHS Champions UAE's Sustainable Industrial Growth at ‘Make it in the Emirates 2025'
Leading Hospitality Services (LHS), a pioneer in sustainable infrastructure and green innovation, has reaffirmed its dedication to supporting the UAE's industrial transformation and sustainability agenda at 'Make it in the Emirates 2025'. The company emphasised its commitment to advancing the nation's economic diversification and net-zero ambitions by localising production of its sustainable technologies within the UAE and enhancing domestic supply capabilities. Hosted by the Ministry of Industry and Advanced Technology (MoIAT), 'Make it in the Emirates 2025' serves as a vital platform for connecting innovators, manufacturers, and investors to explore new opportunities and unlock industrial growth across 12 strategic sectors. LHS's participation in the event underscores its alignment with the UAE's vision of building a sustainable, competitive, and innovation-driven industrial ecosystem. Mr. Atul Kapil, Group General Manager of LHS, said, 'At 'Make it in the Emirates 2025', we're proud to reinforce our long-term commitment to the UAE's industrial vision by localising the production of sustainable technologies that are both practical and scalable. This allows us to respond faster to market needs, reduce our carbon footprint, and enable electricity-free cooling for buildings and infrastructure—while advancing the country's ambitions for green manufacturing and sustainable innovation.' 'This event is a vital platform for highlighting how businesses can actively contribute to the UAE's vision for industrial transformation. We believe in the value of investing in locally driven innovation that addresses the region's specific environmental challenges while creating meaningful, long-term economic and social impact,' he added. LHS's commitment to sustainable development is further evidenced by its recent initiatives. In October 2024, LHS became a corporate member of the Emirates Green Building Council (EmiratesGBC), marking a significant step in its mission to promote sustainability, energy efficiency, and green building practices across the UAE. This collaboration aims to foster innovation and facilitate knowledge exchange among industry leaders, policymakers, and green technology developers, accelerating the adoption of sustainable practices in the country's infrastructure. Currently, LHS is a silver sponsor at the EmiratesGBC's 14th Annual Congress. In November 2024, LHS showcased its latest technological advancements at Big 5 Global, the world's most influential construction industry event. The company presented a range of groundbreaking solutions designed to balance environmental benefits with economic viability, addressing pressing challenges in the construction industry by offering scalable solutions that promote energy efficiency and reduce carbon emissions. Additionally, LHS has partnered with AQMC to provide sustainable air and surface sterilization systems that eliminate odours, bacteria, viruses, and hazardous gases. AQMC's unique paramagnetic process ensures clean, safe air and surfaces without altering oxygen levels or relying on harmful chemicals, aligning with LHS's commitment to delivering innovative solutions that enhance environmental responsibility and human well-being. As the UAE continues to position itself as a global hub for sustainable industrial development, LHS remains committed to playing a pivotal role in this transformation by delivering solutions that align with the nation's strategic objectives.
Web Release
24-05-2025
- Business
- Web Release
Emirates Development Bank Launches Game-Changing Digital Banking Platform to Empower UAE Entrepreneurs
On the final day of Make it in the Emirates 2025, Emirates Development Bank (EDB), the UAE's key financial engine for economic diversification and industrial growEmirates Development Bank (EDB), the UAE's key financial engine for economic diversification and industrial growth, has launched EDB 360, a groundbreaking, fee-free digital banking platform built to supercharge the ambitions of the nation's entrepreneurs and micro, small, and medium enterprises (mSMEs). Designed for growth from day one, EDB 360 breaks down the traditional barriers of business banking. With no fees, no minimum balance, and no red tape, it gives entrepreneurs what they need most: speed, simplicity, and full control. Through smart integration with key government entities, EDB 360 allows users to open an account in minutes – not days – freeing founders to focus on scaling their ideas instead of navigating paperwork. H.E. Ahmed Mohamed Al Naqbi, CEO of EDB, said: 'At EDB, our mission goes far beyond finance. We help businesses grow, because when they grow, the UAE grows. With EDB 360, we've created a zero-bureaucracy, high-impact platform that gives entrepreneurs the flexibility, tools, and tailored support they need to build the businesses of tomorrow. By removing friction and expanding access to capital and advice, we're helping turn bold ideas into real economic impact.' Launched in collaboration with leading government and entrepreneurship bodies – including the Ministry of Economy, Ministry of Industry and Advanced Technology (MoIAT), Sharjah Entrepreneurship Center (Sheraa), Khalifa Fund, and the Department of Economy & Tourism (DET) — as well as strategic ecosystem partners such as Visa, NymCard, Klaim, eFunder, Thoughtworks, and Trade Capital Partners. 360 connects users with the wider financial and startup ecosystem to help them access new opportunities and scale with confidence. From a single app, entrepreneurs can manage payroll, invoicing, and payments, monitor cash flow, and access a growing suite of value-added services — including smart integrations with fintech platforms and a dedicated EDB Concierge that offers real-time advice for setup and scale-up. Entrepreneurs operating in EDB's key sectors benefit from sector-specific guidance, tools, and financing options that accelerate growth while contributing to the UAE's broader economic vision. Now available on iOS and Android, EDB 360 is the UAE's next step in building a smarter, stronger startup economy. Learn more at
Mid East Info
24-05-2025
- Business
- Mid East Info
Modon Holding, Emaar Properties, Calidus Group and Silal Food & Technology Join the National ICV Program - Middle East Business News and Information
As part of the efforts to expand the National In-Country Value (ICV) program, a signing of four memoranda of understanding (MoUs) took place between the Ministry of Industry and Advanced Technology (MoIAT) and Modon Holding, Emaar Properties, Silal Food & Technology and Calidus Group. The agreements mark the official entry of the four entities into MoIAT's National ICV Program to benefit from the key enablers and advantages that support growth and competitiveness. The signings took place on the second day of Make it in the Emirates 2025, the UAE's comprehensive economic program hosted by MoIAT, organized by Abu Dhabi National Exhibitions Company Group, and held alongside strategic partners the Ministry of Culture, ADNOC Group, and ADIO. Held under the theme 'Advanced Industries. Accelerated', the event brings together local and international manufacturers, investors, and innovators and runs until May 22 at Abu Dhabi National Exhibition Centre. The agreements aim to strengthen cooperation between MoIAT and the four companies in line with the goals of the National ICV Program. The program is a key component of the UAE's Projects of the 50 and supports the objectives of the National Strategy for Industry and Advanced Technology, which aims to achieve significant economic benefits by redirecting procurement spending by government entities and leading national companies back into the economy. The MoUs were signed by His Excellency Omar Al Suwaidi, Undersecretary of MoIAT; H.E Abdulla Al Sahi, Group Managing Director of Modon Holding, Mr. Ahmad Al Matrooshi, Executive Director of Emaar Properties; Salmeen Al Ameri, Chief Executive Officer of Silal Food & Technology, and Dr. Khalifa Murad Alblooshi, Chief Executive Officer of Calidus Group, witnessed by H.E. Tareq Al Hosani, Chairman of Calidus Group. Modon Holding is an international holding company with business sectors including real estate, hospitality, asset management, investments, events, and tourism. While Emaar Properties is a leading real estate developer, both locally and internationally, and Silal Food & Technology aims to diversify food sources and drive agri-food activity. Calidus Group, recognised as a pioneer in providing advanced land and air defence systems, manufactures military vehicles, aircraft, and state-of-the-art military technologies. This partnership builds on the momentum of the National ICV Program in industrial sector, which has generated AED 347 billion in cumulative local expenditure by the end of 2024, supporting industrial self-sufficiency, job creation, and local economic value. These efforts promote industrial self-sufficiency in vital and priority products, create job opportunities, enhance national economic value, and empower Emirati entrepreneurs under the Make it in the Emirates platform. The fourth edition of Make it in the Emirates is drawing strong local and international participation, including prominent decision-makers from both government and private sector entities, entrepreneurs, investors, industrialists, experts, innovators, and financial institutions, along with the participation of more than 720 industrial companies showcasing their innovative products.
Mid East Info
24-05-2025
- Business
- Mid East Info
Make it in the Emirates 2025: MoIAT and Noventiq Partner to Digitally Transform 20 UAE Factories with Industry 4.0 Technologies
UAE, Abu Dhabi: May, 2025 – The Ministry of Industry and Advanced Technology (MoIAT) has signed a strategic Memorandum of Understanding (MoU) with global digital transformation leader Noventiq to accelerate the adoption of Industry 4.0 technologies across the UAE's industrial sector. The MoU was signed by H.E. Omar Suwaina Al Suwaidi, Undersecretary of MoIAT, and Sergey Chernovolenko, President and COO of Noventiq, during the Make it in the Emirates 2025 event, currently underway at the Abu Dhabi National Exhibition Centre and will continue through 22. As part of the agreement, 20 national factories will undergo digital upgrades to become model smart facilities, powered by cutting-edge Fourth Industrial Revolution (4IR) technologies. Noventiq will provide services valued at AED 3 million in support of MoIAT's Industry 4.0 program, contributing to the UAE's broader vision of advancing industrial innovation and digital transformation.
Yahoo
23-05-2025
- Business
- Yahoo
Faraday Future Celebrates Major Milestone in its Middle East "Third Pole" Strategy with its New Operations Facility Handover Ceremony in Ras Al Khaimah, UAE
The facility will support the production of both FF and potential Faraday X (FX) models, enabling the Company to serve diverse customer segments across the Gulf Cooperation Council (GCC) countries, with potential future expansion into Europe and North Africa. The lease agreement was signed during the Make it in the Emirates 2025 summit in Abu Dhabi, reinforcing Faraday Future's commitment to industrial innovation in the UAE. RAS AL KHAIMAH, United Arab Emirates, May 23, 2025--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("Faraday Future", "FF" or "Company"), a California-based global shared intelligent electric mobility ecosystem company, announced that it held a formal handover ceremony for its first regional facility in Ras Al Khaimah, United Arab Emirates, marking a significant milestone in the execution of its Middle East "Third Pole" strategy, alongside the dual-home market strategy in U.S. and China. The project was formally announced on May 21, 2025, during RAKEZ's participation in Make it in the Emirates 2025 in Abu Dhabi, where a lease agreement was signed between RAKEZ and Faraday Future Middle East FZ-LLC, the subsidiary of FF. The 108,000-square-foot facility will encompass an office, engineering workshop, and operational hub. The facility will support both the FF brand and potential FX models, serving as a hub for operations across the GCC, with potential future expansion into Europe and North Africa. The handover ceremony event, held at the site of the facility in the Al Hamra area of the Ras Al Khaimah Economic Zone (RAKEZ), signifies FF's official landing in the Middle East and a major step in the Company's strategic global expansion. The ceremony was attended by Faraday Future's Global Co-CEO Matthias Aydt, Chief Financial Officer Koti Meka, Head of Middle East and Executive Director Chui Tin Mok, and Ramy Jallad, Group CEO of RAKEZ, highlighting the significance of this project for both FF and the region. "This handover event represents a tangible start for both FF and FX in the region," said Matthias Aydt, Global Co-CEO of Faraday Future. "Ras Al Khaimah offers the right infrastructure, visionary leadership, and regional connectivity to support our goal of building an intelligent, sustainable mobility ecosystem. We are proud to build a facility that will not only serve as a gateway to the region but also has the potential to create up to 200 skilled jobs." RAKEZ played a critical role in enabling FF's smooth entry into the UAE, offering comprehensive support from infrastructure and permitting, to regulatory alignment. "Faraday Future's entry is more than the launch of a facility—it marks the beginning of a bold new chapter in the region's mobility landscape," said Ramy Jallad, Group CEO of RAKEZ. "As the UAE accelerates toward its green mobility goals, FF's vision and presence in Ras Al Khaimah perfectly align with national ambitions for a sustainable, electric future." Operations at the new site are expected to commence in the second half of 2025. In the longer term, FF aims to establish regional R&D capabilities, and a localized supply chain anchored in Ras Al Khaimah, reinforcing its vision of sustainable, AI-powered mobility. ABOUT FARADAY FUTURE Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company's mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future's flagship model, the FF91, exemplifies its vision for luxury, innovation, and performance. The FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. FF is committed to redefining mobility through AI innovation. Join us in shaping the future of intelligent transportation. For more information, please visit FORWARD LOOKING STATEMENTS This release includes "forward looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this release the words "plans," "vision," "will," "future," "expected" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding the Company's Middle East strategy, including establishing operational, sales and production activities in the region, creating jobs in the UAE region, expanding to Europe and North Africa, and potential FX models involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: the Company's ability to secure the necessary funding to execute on the FX strategy and the UAE strategy, which will be substantial; the ability of the Company to execute across multiple concurrent strategies, including the UAE, bridge strategy, FX, EREV, AI, and US geographic expansion; the Company's ability to secure necessary agreements to license or produce FX vehicles in the Middle East or elsewhere, none of which have been secured; the Company's ability to homologate FX vehicles for sale in the Middle East or elsewhere, as necessary; the potential impacts of changing tariff policies; the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company's limited operating history and the significant barriers to growth it faces; the Company's history of losses and expectation of continued losses; the success of the Company's payroll expense reduction plan; the Company's ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company's estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company's vehicles; the Company's ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company's vehicles; current and potential litigation involving the Company; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to cover future warranty claims; the Company's ability to use its "at-the-market" program; insurance coverage; general economic and market conditions impacting demand for the Company's products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company's stock price. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the Company's Form 10-K filed with the SEC on March 31, 2025, and other documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. View source version on Contacts Investors (English): ir@ Investors (Chinese): cn-ir@ Media:
