SENAAT first to answer call for action issued by Abu Dhabi Declaration
SENAAT, one of the UAE’s leading industrial investment holding companies, has joined the global alliance to advance the future of manufacturing through a new partnership with the Global Manufacturing and Industrialisation Summit (GMIS), a joint initiative of the UAE and the United Nations Industrial Development Organization (UNIDO)
The partnership will see the two organisations engage in shaping the future of the manufacturing sector and advance inclusive and sustainable industrial development globally.
The partnership between the Global Manufacturing and Industrialisation Summit and SENAAT is a step towards supporting the Abu Dhabi Declaration, which calls on public and private entities to join a global coalition to advance Inclusive and Sustainable Industrial Development and to work towards a shared vision of global prosperity.
Announced at the 18th session of the General Conference (GC) of the UNIDO, the Abu Dhabi Declaration is a first-of-its-kind agenda that was adopted by UNIDO and its member states to drive governments to work in tandem with their private sectors and across borders to enhance public-private partnerships and thereby advance inclusive economic growth and bolster sustainable development.
The Abu Declaration is a continuation of a global industrial partnership that was first converged by the Global Manufacturing and Industrialisation Summit – a joint initiative by UNIDO and the UAE Ministry of Energy and Industry which was launched in 2015. As the founding partner to the Summit, SENAAT aims to explore potential opportunities within the manufacturing sector, where the investment company has a significant and successful track record in developing businesses through large-scale greenfield projects, immense expertise, access to key markets and supporting infrastructure and resources.
Managing a portfolio of assets worth US$7.43bn through a solid investment strategy, SENAAT has played a significant role in developing a robust industrial base, in line with the Abu Dhabi Industrial Strategy 2021 and Abu Dhabi Economic Vision 2030, which is aimed at sustainable development and the diversification of the country's economic resources.
The holding company continues to help achieve the Sustainable Development Goals (SDGs), mainly focusing its efforts on promoting inclusive and sustainable industrialisation, empowering women in the industrial sector and promoting eco-friendly best practices while also investing in upskilling the workforce to drive the next generation of industrial sector growth.
Jamal Salem Al Dhaheri, CEO of SENAAT, said, “The Abu Dhabi government has laid out a clear vision to encourage local production and attract foreign investment, a combination that will enable the development of a strong and resilient manufacturing sector, and SENAAT’s investment strategy is very much in line with this approach."
The Global Manufacturing and Industrialisation Summit, the world’s first cross-industry and cross-functional platform that unites manufacturers, governments and non-governmental organisations (NGOs), technologists, and investors in a mission to harness the Fourth Industrial Revolution’s (4IR) transformation of the manufacturing sector to enable the regeneration of the global economy and to deliver prosperity to societies across the world.