Arab Development Establishment (ADE) and Schneider Electric launched a joint venture manufacturing facility in Abu Dhabi, UAE, this week.
According to the two parties, the TAQANA Energy Solutions facility in the Industrial City of Abu Dhabi (ICAD) will reportedly play a key role in manufacturing a range of advanced energy solutions designed to support the UAE’s industrial growth.
The new facility was inaugurated in the presence of His Excellency Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology, Yousef Mohamad Al Nowais, Chairman and Managing Director, Mohammed Ali Al Kamali, Chief Trade and Industry Officer, Abu Dhabi Investment Office (ADIO), ADE; Mohamed Yousef Al Nowais; Executive Director, TAQANA Board; Amel Chadli, President of Gulf Countries, Schneider Electric; Walid Sheta, President, MEA Zone, Schneider Electric; Mahmoud Nader, CEO of TAQANA Energy Solutions; and other officials.
“We are not just manufacturing energy solutions; we are engineering the future of sustainable energy in the UAE and beyond. This facility marks a watershed moment in advancing the nation’s clean energy ambitions through innovative technologies that address the growing global and regional demand for sustainability,” said Chadli.
“This milestone highlights Schneider Electric’s unwavering commitment to the UAE, as we support the rapid transformation of the nation’s manufacturing sector and remain dedicated to driving sustainable solutions,” she added.
In a press release this week, the parties noted that the launch aligns with the UAE’s “Make it in the Emirates” initiative and the Abu Dhabi Industrial Strategy (ADIS), which aims to make Abu Dhabi the “most competitive industrial hub in the region.”
Speaking at the launch, His Excellency Al Suwaidi said that the facility reflects the “robust collaboration” between the public and private sectors in the UAE and contributes to the in-country value in addition to developing an advanced and sustainable industrial sector.
“Public-private-partnerships, especially those that focus on knowledge transfers and technology adoption, are in line with the National Industry and Advanced Technology Strategy, through its contribution to investment across the country. Also, such partnerships solidifies the UAE’s position as a global and regional industrial hub,” HE added.
The Undersecretary noted that the projects come as part of the ongoing cooperation between UAE-based and French companies under the umbrella of the UAE-France Business Council.