ADIO, Siemens Energy partner to launch Abu Dhabi-based innovation centre to accelerate UAE’s net-zero drive

ADIO, Siemens Energy partner to launch Abu Dhabi-based innovation centre to accelerate UAE’s net-zero drive

ABU DHABI, 11th October, 2022 (WAM) -- The Abu Dhabi Investment Office (ADIO) today announced that it is partnering with Siemens Energy AG to accelerate the journey to net zero in the UAE and globally.

Under the partnership, Siemens Energy will receive support to set up its Middle East Innovation Centre in Abu Dhabi, as part of ADIO’s AED 2 billion (US$545 million) Innovation Programme that creates growth opportunities for businesses in the emirate.

The partnership agreement was signed by Abdulla Abdul Aziz Al Shamsi, Acting Director-General of ADIO, and Dietmar Siersdorfer, Managing Director of Siemens Energy Middle East. The ceremony comes on the back of German Federal Chancellor Olaf Scholz’s visit to the UAE on 25th September, during which he witnessed the signing of the New Energy Security and Industry Accelerator agreement that will accelerate projects between the UAE and Germany in energy security, decarbonisation and climate action.

Siemens Energy chose Abu Dhabi for its Middle East Innovation Centre because of the emirate’s efforts to decarbonise the economy, become a global hub for green energy and grow the knowledge ecosystem. The Innovation Centre will contribute to the UAE’s goals of generating 50GW of renewable energy by 2050 and becoming a global energy