UPDATE

UAE unveils first Green License to attract global eco-driven enterprises

Announcement made during the launch of the UAE’s first Green Innovation District

Last updated:
2 MIN READ
expo-2020-dubai-al-wasl-dome-1638625027147
The new Green Innovation District will host a range of light industrial and urban farming plots, in addition to commercial spaces designed to form a sustainable, interconnected community.
WAM

Dubai: The UAE has introduced its first Green License, offering a range of benefits for eco-conscious businesses and accompanied by an on-site Green Intellectual Property Office that will draw innovative enterprises from across the world. The announcement was made by Reem Al Hashimy, UAE Minister of State for International Cooperation and CEO of Expo City Dubai Authority, during the launch of the country’s first Green Innovation District at Expo City Dubai.

“We are proud to announce the UAE’s first Green License, providing a host of benefits for eco-conscious businesses, and an on-site Green Intellectual Property Office, which will attract innovative enterprises from across the globe,” Al Hashimy said.

The Green Innovation District, a federal initiative based within Expo City Dubai, is designed to nurture companies driving decarbonisation, circular-economy solutions, and sustainable growth. “We are proud to launch this exciting federal project, the UAE’s first Green Innovation District here at Expo City,” Al Hashimy said. “This pioneering district will take forward these initiatives and many, many more to further Expo City Dubai’s legacy of environmental stewardship to nurture businesses that are driving decarbonisation, circular economy solutions and green growth.”

She said the district will combine light industrial and urban farming plots with commercial spaces to form a sustainable, interconnected community. “It will be a vibrant living ecosystem where economic opportunity and ecological responsibility flourish side by side,” she said.

Al Hashimy noted that Expo City Dubai provides the ideal platform for such initiatives. “Expo City Dubai, a city-wide test bed for nature-first innovations, is the natural home for this groundbreaking initiative,” she said. “Our unmatched commitment to green standards and innovation provides the perfect environment for businesses to trial, scale and succeed, from Terra, our net-zero design centrepiece for biodiversity, livability and conservation, to our powerful global partnerships, we are exemplifying the vast potential of a future-ready urban ecosystem.”

Al Hashimy said the initiative marks a new model for the UAE’s green economy. “Together, we are creating a model for the future, a catalyst for sustainable growth and a place where both business and the environment can thrive,” she said.

Founding partners of this initiative include: 

  • European banking group Intesa Sanpaolo, a pioneer in circular economy funding

  • Majra, the UAE national corporate social responsibility fund, who will direct environmental projects and innovative enterprises to the district

  • Nestle, who will bring expertise in research, development and innovation. 

  • Pomade, a Dubai-born innovator that is repurposing date palm waste into sustainable packaging. 

Nivetha Dayanand is Assistant Business Editor at Gulf News, covering aviation, financial markets and commodities. A business and financial journalist with a strong interest in multimedia storytelling, she regularly takes complex financial and economic subjects beyond the written word, producing explainer videos that make them easier for a wider audience to understand. Nivetha has interviewed senior policymakers, business leaders and global financial figures both on and off camera. Her past guests include UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, Khaled bin Alwaleed Al Saud, a member of the House of Saud and the founder and CEO of KBW Ventures, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund and Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu. She has also hosted and moderated panels, conferences and awards shows, bringing her newsroom experience to live conversations on business, finance and the economy. An Erasmus Mundus journalism alum, Nivetha is drawn to stories that affect people directly and to reporting that gives a platform to voices that might otherwise go unheard. She was among the first journalists to speak to Petrofac employees in the UAE about unpaid salaries, broke the news of the planned demolition of Dubai’s well-known “Toyota Building”, and helped set the record straight on widely circulated claims that a giant replica of the Moon was coming to Dubai. More recently, her exclusive interview with EDGE Group CEO Hamad Al Marar revealed how the UAE-based defence group deployed its systems along the country’s shore border and established a geofence around the UAE within 48 hours of the February 28 escalation. Prior to joining Gulf News, Nivetha worked at ITP Media, where she helped launch Finance Middle East, a new publication covering the region’s financial sector. Her role spanned reporting and editing, video production, interviews and events. Across print, digital, and video, she focuses on finding the people behind business stories and explaining why those stories matter to the audience reading or watching them.

Sign up for the Daily Briefing

Get the latest news and updates straight to your inbox