Category: Industry

DUBAI, Dubai is attracting innovative and pioneering initiatives from chambers of commerce from around the world as it prepares to host the World Chambers Competition 2021, taking place during the 12th World Chambers Congress (12WCC) on 23-25 of November, 2021.

The competition recognises and celebrates the achievements of these chambers, while bringing their stories to a wider audience.

ICC and its World Chambers Federation (WCF) have announced finalists of the 2021 World Chambers Competition, which includes 15 shortlisted chambers that will present their initiatives during the event.

Under four categories, 78 initiatives representing 33 countries were received. The total exceeds the number of entries received for the 2019 edition.

Finalists for the competition’s Best Digital Project category are: Chamber of Commerce and Industry for Munich and Upper Bavaria (Germany) – Cert4Trust: Blockchain-based validation of digital certificates and documents; Santiago Chamber of Commerce (Chile) – Resolución en Línea: Reconnecting businesses with consumers through online dispute resolution; Business West Chamber of Commerce (England) – Great British Food Programme; Lima Chamber of Commerce (Peru) – Digital Chambers: The New Age.

In the running for the Best Resilience Project: Luxembourg Chamber of Commerce (Luxembourg) – House of Entrepreneurship Luxembourg; Australian Chamber of Commerce and Industry (Australia) – COVID-19 Support for Australian Businesses; Greater Des Moines Partnership (United States) – DSM Forward Playbooks; German-Russian Chamber of Commerce Abroad (Russia) – #ResilientTogether: Building resilience in turbulent times.

For the Best Climate Action Project, four chambers of commerce were nominated, namely Eskisehir Chamber of Industry (Turkey) for its Secure Management Platform for Shared Process Resources (SHAREBOX); East Lancashire Chamber of Commerce (England) which will present its Chamber Low Carbon Project; Dublin Chamber of Commerce (Ireland) for the Dublin Chamber Sustainability Academy; and Voka Chamber of Commerce and Industry (Belgium) for the Voka Sustainable Business Charter.

Competing for the Best Unconventional Project are: Styrian Chamber of Commerce (Austria) – Extended Reality Hub; Potsdam Chamber of Commerce and Industry (Germany) – Schüfi: The App for Teen Entrepreneurs; Çorlu Chamber of Commerce and Industry (Turkey) – The Foreign Trade Intelligence Centre; and Chamber of Commerce in Quito (Ecuador) – AWE: Academy for Women Entrepreneurs in Ecuador.

“The upcoming 12th World Chambers Congress in Dubai will provide an ideal platform to showcase such game-changing initiatives that will raise the bar for chamber services and initiatives,” said Hamad Buamim, President and CEO of Dubai Chamber and Chair of the ICC-World Chambers Federation.

An international jury, comprising ICC World Chambers Federation leadership along with representatives from transnational, national, and local chambers, is responsible for shortlisting category finalists.

Winners will be announced on 25 November, the final day of the event.

Source: Emirates News Agency

DUBAI, The Dubai Digital Economy Retreat concluded today with the adoption of a new action plan designed to develop Dubai’s digital economy strategy. Discussions at the event generated several practical recommendations to address existing challenges in the market.

The two-day retreat, organised by the Dubai Chamber of Digital Economy, supports the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to position Dubai as a global digital economy capital. The event was attended by Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Teleworking Applications and Chairman of the Dubai Chamber of Digital Economy; Hamad Buamim, President and CEO of Dubai Chamber; and members of the advisory board of the Dubai Chamber of Digital Economy who represent digital companies in Dubai.

Interactive workshops during the event identified key market issues and challenges, including the need to attract more digital companies and specialised talent to Dubai, high costs for companies operating in this sector, encouraging more digital startups and enhancing investments in growing these businesses, widening acceptance of e-commerce payments and removing barriers of entry and enhancing the quality of services operating in this space.

The action plan is structured around three pillars, namely enhancing the digital business environment, supporting the development of digital companies and attracting leading digital companies to Dubai. The plan emphasises the importance of understanding the current and future infrastructure needs of the digital economy, facilitating access to funding and managing relationships and networks abroad with digital-related entities.

Addressing participants, Al Olama said the newly announced action plan lays the groundwork for developing Dubai’s digital economy strategy and ecosystem, while it is expected to create new jobs and growth opportunities. He noted that the retreat achieved its objectives of involving private sector stakeholders in key discussions with their public sector counterparts that will shape Dubai’s future vision and enhance the emirate’s economic competitiveness in the long term.

For his part, Buamim said the retreat complements Dubai Chamber’s efforts to facilitate and streamline public-private sector cooperation, support and protect the interests of its members and meet the changing needs of Dubai’s fast-growing business community as it adapts to a new reality in the COVID-era and beyond.

Buamim described the retreat as an ideal platform for open and constructive dialogue that is crucial in paving the way for major initiatives that will accelerate the next phase of Dubai’s economic growth and development.

Source: Emirates News Agency

DUBAI, Dubai Electricity and Water Authority (DEWA) has completed the construction of its pavilion in the Sustainability District of Expo 2020 Dubai, which aligns with development and innovation, as reflected in the exterior of its design, and features decorative ribbed façade that mimic onward moving portals consistent with the company’s progressive initiatives.

Saeed Mohammed Al Tayer, MD & CEO of DEWA, has inspected the pavilion, which is characterised by a modern design that aligns with its role as the Official Sustainable Energy Partner of Expo 2020 Dubai and its efforts to reshape the concept of utilities to contribute to making Dubai the smartest and happiest city in the world.

Al Tayer was accompanied by Abdullah Obaidullah, Executive Vice President of Water and Civil; Waleed Salman, Executive Vice President of Business Development & Excellence; Marwan bin Haidar, Executive Vice President of Innovation and the Future; Mohammed Al Shamsi, Vice President of Civil Projects Engineering & Water Maintenance; and other DEWA officials.

He said that DEWA has allocated AED4.26 billion to supply the world-class event with electricity and water, as well as supporting its electricity and water infrastructure projects using the latest smart systems.

“We are confident that Expo 2020 Dubai will be an international platform that contributes to developing innovative solutions to the various challenges facing the world for a brighter future for generations to come,” he said.

Al Tayer noted that through its participation, DEWA aims to provide a unique experience for visitors and introduce them to the company’s efforts, which contribute to making Dubai the smartest and happiest city in the world. DEWA’s pavilion highlights our innovative projects and initiatives, especially in renewable and clean energy and using Fourth Industrial Revolution technologies to disrupt the entire business of public utilities. DEWA intends to become the world’s first digital utility to use autonomous systems through Digital DEWA, its digital arm. The pavilion features three key areas: The exhibition area, which includes eight projects; the backyard; and the Solar Decathlon Middle East (SDME) area.

The pavilion highlights the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world with a planned capacity of 5,000 megawatts (MW) by 2030. Upon its completion, the solar park will reduce over 6.5 million tonnes of carbon emissions annually.

It also showcases the Green Hydrogen project, the first of its kind in the MENA to produce hydrogen using solar power. It was implemented in collaboration between DEWA, Expo 2020 Dubai, and Siemens Energy at the outdoor testing facilities of the Mohammed bin Rashid Al Maktoum Solar Park. The pilot plant has been designed to accommodate future applications and test platforms of different uses for hydrogen for industry and transportation.

Digital DEWA, the company’s digital arm, aims to make DEWA the world’s first digital utility to use autonomous systems for renewable energy and storage while expanding the use of Artificial Intelligence (AI) and digital services. Digital DEWA focuses on four pillars: Solar Energy, Energy Storage, AI, and digital services.

The 250MW pumped-storage hydroelectric power plant in Hatta is the first of its kind in the GCC, with a storage capacity of 1,500 megawatt-hours and a life span of up to 80 years. The hydroelectric power station will use water in the Hatta Dam and an upper reservoir that is being built in the mountain. Advanced turbines that run on clean energy generated at the Mohammed bin Rashid Al Maktoum Solar Park, will pump water from the dam to the upper reservoir. Turbines operated by the waterfall speed from the upper reservoir will be used to generate electricity and supply it to DEWA’s grid.

The company also showcases its Space-D programme, which aims to build DEWA’s capabilities and train Emirati professionals to use space technologies to enhance its electricity and water networks, and will take advantage of the Fourth Industrial Revolution technologies. The project features the launch of the main satellite equipped with the latest imaging and satellite communication technologies to monitor the performance and efficiency of the photovoltaic solar panels at the Mohammed bin Rashid Al Maktoum Solar Park using special cameras on the primary satellite. It will also study the impact of weather and climate change on energy infrastructure and supply, to enhance the reliability of supply and sustainability of resources.

The pavilion features a model of its new headquarters named Al Shera’a (Arabic for Sail). It will be the world’s tallest, largest, and smartest government Zero Energy building. Total energy used in the building during a year will be equal to or less than the energy produced on-site during that year. DEWA’s new headquarters is designed to receive a platinum rating by LEED (Leadership in Energy and Environmental Design) and a silver rating from the WELL Building Standard. It will use the latest technologies, including IoT, Big Data and Open Data, AI, and the latest smart-building management technologies.

As part of its pavilion, DEWA has dedicated a stand for the World Green Economy Organisation (WGEO). WGEO and the UAE Ministry of Climate Change and Environment will organise the ‘MENA Climate Week 2022’, in collaboration with UNDP, the UN Environment Programme (UNEP), the United Nations Framework Convention on Climate Change (UNFCCC), and the World Bank Group. The UAE will host the event for the first time in the MENA on 2-3 March 2022.

DEWA has allocated a stand at its pavilion for the Solar Decathlon Middle East (SDME). It is part of the partnership between the Dubai Supreme Council of Energy and DEWA with the US Department of Energy. The Authority will also showcase the designs submitted by universities in the second SDME, which will be held in conjunction with Expo 2020 Dubai. This includes the design that won 1st place in the first SDME, which DEWA organised in 2018. It was designed by a team from Virginia Tech in the US.

Source: Emirates News Agency

DUBAI, Over 100 industry experts shared their insights and recommendations for supporting the growth of digital companies in the emirate on the first day of the Dubai Digital Economy Retreat today.

The two-day retreat, organised by the Dubai Chamber of Digital Economy, supports the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to transform Dubai into the capital of the global digital economy.

The event will culminate in the development of an action plan based on feedback and inputs from the participants, which will be used to develop a new roadmap for advancing the emirate’s digital economy.

The first day of the event was attended by Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Teleworking Applications, and Chairman of Dubai Chamber of Digital Economy; Hamad Buamim, President and CEO of Dubai Chamber, and members of the advisory board of the Dubai Chamber of Digital Economy.

The event featured several interactive workshops on the topics of talent, financing, infrastructure and legislation. Participants discussed several important issues facing industry players related to the need for specialised talent and venture capital funds, support for local investors, reduction of business costs, access to capital for digital companies and business-friendly regulations.

The Retreat also explored new ways to position Dubai as a global digital economy capital, foster public-private sector cooperation to accelerate the growth of industry players and boost the sector’s contribution to Dubai’s economy.

Addressing participants, Al Olama elaborated on the various objectives of the retreat, including the creation of an action plan for driving the growth of digital companies in Dubai, which will be used to develop a new roadmap for advancing the emirate’s digital economy.

He stressed the importance of involving players from the private sector as strategic partners to the public sector. He said the private sector is playing a key role in developing new strategies for driving long-term sustainable growth and boosting Dubai’s economic competitiveness.

Source: Emirates News Agency

SHARJAH, With the start of the Big Five Show, the Mena region’s largest building and construction show, which takes place from September 12-15 at the Dubai World Trade Center, the Hamriyah Free Zone Authority (HFZA) stand is attracting a large number of investors who expressed their willingness to visit the Zone to get acquainted with the opportunities and advantages available.

HFZA’s participation in this mega event reflects its keenness to be an active element in the various economic events and activities held nationwide, in order to promote the services and privileges it provides to businessmen and investors.

Additionally, being a part of such a global event paves the road for communication with local and foreign economic actors and provides them with comprehensive information about the Authority and the many strategic advantages of Sharjah.

The participation also aims to shed light on the role of Sharjah in the economic and urban development fields, since it is one of the key hubs of the construction sector projects taking place on the state’s land.

HFZA intends to leverage this opportunity to unveil its latest updates, including the ready-to-use plots of land and warehouses, the advanced infrastructure, and the spaces befitting all industries related to the building and construction sector.

The Hamriyah Free Zone also provides highly efficient logistics services, a wide range of products to meet the needs of different companies, and an integrated business system that provides all services under one roof, including administrative and licensing services and a global business community.

During its participation, the Hamriyah is set to announce its latest projects which aim to accommodate the increasing influx of major international and multinational companies wishing to build a solid presence within the regional markets.

Over 1200 exhibitors from 50 countries are taking part in the event. The Hamriyah Free Zone has specially prepared a promotional program to highlight its investment opportunities.

In addition to offering industrial and commercial plots of land, HFZA, the second-largest industrial-free zone in the UAE, provides advanced infrastructure and modern facilities that strengthen external expansion plans for investors, especially in import and re-export to the world’s markets. It also provides countless competitive advantages, most notably a single-window operation that boosts the efficiency of performance and eases procedures of doing business, along with multiple tax exemptions, repatriation of capital and profits, full foreign ownership of the business, and quick access to regional and global markets.

Source: Emirates News Agency

ABU DHABI, Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation, has commended the forward-thinking vision adopted by the UAE leaders to get more Emiratis aboard the private sector as part of the Projects of the 50, a series of groundbreaking plans to drive the UAE’s economic growth.

The minister thanked President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, for their unlimited support for Emirati citizens as manifested through the second set of the Projects of the 50.

He expressed confidence that the projects will achieve the desired final outcome under the follow-up and directives of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, the Chairman of the Emirati Talent Competitiveness Council, and H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, Vice Chairman of the Emirati Talent Competitiveness Council.

“The second set of the Projects of the 50 represents an integrated methodology premised to accelerate investing in Emirati human capital and boosting their competitiveness,” the minister said citing the disruptive employment, entrepreneurship and training programmes the second set of the Projects of the 50 features coupled with family support schemes for Emiratis working at the private sector.

“These projects pave the way for Emirati citizens to come aboard the private sector in line with a well thought-out strategy to boost competitiveness of this sector in line with a strategic partnership between the government and the private sector.

He called upon the UAE citizens to seize the opportunities up for grabs for them to join the private sector and enjoy the unprecedented incentives provided to those working in this vital sector to the domestic economy.

Source: Emirates News Agency