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Dubai Industrial City marks 20 years of advancing Middle East’s manufacturing and logistics sectors
- Leading industrial hub inks landmark MoU with Siemens to nurture industry advancement as it marks two decades of enriching Dubai’s and the UAE’s economic landscape
- Customer numbers grow 11.5% year-on-year to exceed 1,100 businesses while operational factories increase 16% to surpass 350
- One of TECOM Group PJSC’s 10 business districts, the hub is actively contributing to the long-term visions of Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda ‘D33’
- Dubai Industrial City enriches industrial innovation and sustainability with customers generating over 70 megawatts of clean energy annually
DUBAI, UAE, Nov. 21, 2024 /PRNewswire/ — Dubai Industrial City celebrates its 20th anniversary as the Middle East’s leading manufacturing and logistics hub demonstrating the collaborative power of the public and private sectors.
One of TECOM Group PJSC’s 10 vibrant business districts, Dubai Industrial City was unveiled in November 2004 to foster economic diversification and industrial innovation in Dubai and beyond. Commemorating two decades of collective success, Dubai Industrial City hosted a gala dinner at Jumeirah Emirates Towers attended by senior officials including Her Excellency Eng. Alia Abdul Rahim Al Harmoudi, Assistant Under-Secretary for the Sustainable Communities Sector at the Ministry of Climate Change and Environment (MOCCAE), His Excellency Ahmed Al Naqbi, CEO of Emirates Development Bank (EDB), Abdulla Belhoul, CEO of TECOM Group PJSC, and Saud Abu Alshawareb, Executive Vice President of Industrial at TECOM Group, to chart a roadmap for the industry’s future growth.
For more than 20 years, Dubai Industrial City has nurtured a thriving ecosystem of globally renowned manufacturing giants, with its ecosystem expanding by 11.5% in the year to end-September 2024 to exceed 1,100 local, regional, and international businesses, including Unilever, A P Moeller Maersk, Patchi, and Al Barakah Dates. The district’s workforce now exceeds 17,000 professionals, a year-on-year increase of 13% during the first nine months of this year, with its number of operational factories rising 16% during the same period to more than 350.
“Dubai Industrial City was founded on a strategic vision to cement the UAE’s and Dubai’s position as a global manufacturing powerhouse, and over the past 20 years, we have delivered on that promise,” said Saud Abu Alshawareb, Executive Vice President of Industrial at TECOM Group on behalf of Dubai Industrial City. “Our thriving ecosystem serves as a single-window gateway for global growth and sustainable development to nurture industrial excellence that elevates the ‘Made in UAE’ brandmark on the world stage.
“Dubai Industrial City’s legacy is embodied by the success of more than 1,100 local, regional, and international customers and over 350 operational factories that, from our district, are directly contributing to a more resilient manufacturing sector. We will continue to nurture advancements in the industrial sector and prime it for long-term growth in line with the vision of Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda ‘D33’.”
Partner for global impact
Reaffirming its commitment to nurturing industry excellence for long-term sustainable development, Dubai Industrial City announced a memorandum of understanding (MoU) with global technology company Siemens.
The MoU will facilitate cooperation between the district and Siemens in areas including Industrial Technology Transformation Index (ITTI) Assessments. Dubai Industrial City’s customers will receive insights on digitalisation, sustainability, and operational efficiencies through ITTI Assessments conducted under the UAE’s Ministry of Industry and Advanced Technology (MoIAT) as part of the MoU.
The partnership will also provide Dubai Industrial City’s community access to Siemens’ Green Lean Digital Factory Roadmaps and Greenfield Digital Factory Planning services to enhance the competitiveness of factories within the district and gear them for enhanced sustainability. Siemens will also support Dubai Industrial City in areas including training and capacity building, as well as sustainability enhancement support, reaffirming the district’s commitment to advance Dubai’s and the UAE’s manufacturing sectors.
Nurturing industry advancement
Dubai Industrial City is growing as it attracts an increasing number of global manufacturers, with 13.9 million sq.ft. of industrial land added this year alone. Over the past two years, Dubai Industrial City has attracted over AED 2 billion in private sector investment, and recently signed a musataha agreement each for MD Pharma Factory’s AED 130 million pharmaceutical facility and OZON Pharmaceuticals’ AED 293 million manufacturing hub at the district. Silver Line Gate Group also broke ground on an AED 200 million integrated facility at Dubai Industrial City this October.
Strategically located close to global trade routes including Jebel Ali Port, Al Maktoum International Airport, the Dubai Industrial City Etihad Rail freight terminal, and critical national and regional road systems, Dubai Industrial City offers end-to-end connectivity to ensure seamless operations for a diverse range of customers. The district offers six sector-specific zones – dedicated to manufacturers of base metals; machinery; minerals; food and beverage; transport; and chemicals – that are designed for efficiency, helping to minimise waste and promote a circular economy.
Manufacturing brilliance
As Dubai remains the global leader for attracting greenfield foreign direct investments (FDI) and the newly launched National Investment Strategy 2031 seeks to triple the UAE’s cumulative FDI balance to AED 2.2 trillion by 2031, sectors such as manufacturing, logistics, and storage will remain a promising avenue for economic growth. In the second quarter of this year alone, Dubai’s manufacturing sector was valued at AED 10.6 billion, contributing 9.1% of Dubai’s GDP worth AED 116 billion during the period. The transport and storage sector, valued at AED 15.85 billion, comprised 13.6% of the city’s GDP.
Dubai Industrial City is aligned with Operation 300bn and Make it in the Emirates and encourages investors, innovators, and developers to leverage the favourable manufacturing environment. It is also supportive of Dubai Economic Agenda ‘D33’, which is creating new opportunities for manufacturing sector growth as Dubai continues to strengthen its diversified economic base. Dubai Industrial City’s unites these visions with customer efforts through its Make Brilliance global awareness campaign to link manufacturers and industry leaders from around the world in Dubai. Make Brilliance was launched in May 2023 as Dubai Industrial City entered strategic partnerships with MoIAT, MOCCAE, EDB, and Dubai Department of Economy and Tourism (Dubai DET) to promote advanced manufacturing in Dubai and the UAE.
Dubai Industrial City’s ecosystem also demonstrates its commitment to innovation and sustainability, with the co-location of global giants at the district fostering collaborations to close the loop for a circular economy. Their contributions are supported by Dubai Industrial City’s efforts to encourage the adoption of renewable energy, with its customers generating over 70 megawatts of clean energy annually.
The district’s 20th anniversary celebrations included recognition for achievements that embody the ethos of Make Brilliance, including its Strategic Partners such as MoIAT, MOCCAE, EDB, Dubai DET, Dubai Development Authority, Dubai Land Department, Dubai Civil Defence, and Dubai Police. International Humanitarian City was recognised for its Brilliance in Humanitarian Support by Dubai Industrial City, while Al Khayyat Investments, Dubatt Battery Recycling, and Neelkanth Cables were recognised for Brilliance in Logistics, Sustainability Leadership, and New Avenues, respectively. Unilever and Standard Carpets both received accolades for Brilliance in Innovation.
Such customers are among Dubai Industrial City’s community of globally accomplished leaders that has been the mainstay of manufacturing excellence in the Middle East for more than 20 years. The region’s leading industrial hub offers world-class infrastructure, including land, storage, and logistics spaces.
Dubai Industrial City is part of TECOM Group’s portfolio of business destinations that include Dubai Internet City, Dubai Media City, Dubai Studio City, Dubai Production City, Dubai Knowledge Park, Dubai International Academic City, Dubai Design District (d3), and Dubai Science Park.
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China’s AIMA brand electric motorbike is now in Bangladesh
DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
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China Telecom Gulf Officially Launches in Saudi Arabia for Business
HONG KONG, Nov. 23, 2024 /PRNewswire/ — On November 21, China Telecom Gulf was officially launched in Riyadh. This milestone marks a significant step in China Telecom’s efforts to provide deep services under the “Belt and Road Initiative” and to promote the building of a “China-Arab Community with a Shared Future.” It signifies another solid advancement on China Telecom’s path toward internationalization. Mr. Liu Guiqing, Executive Director and EVP of China Telecom Corporation, delivered an opening speech, along with Mr. Fawaz, Representative of Contact Office of Chinese Companies in the KSA, Deputy General Manager of Industrial and Commercial Bank of China Riyadh Branch. Over 100 guests and leaders from the Economic and Commercial Office of Embassy of the PRC of the KSA, Saudi Telecom Company (STC), Bank of China, Huawei, and others attended to witness this momentous occasion.
In his address, Mr. Liu Guiqing emphasized China Telecom’s commitment to openness, cooperation, and mutual benefit. He expressed the company’s willingness to share its experiences in cloud-network integration, cloud transformation, intelligent operations, and technological innovation. China Telecom aims to work closely with various levels of Saudi governments, enterprises, and partners to actively participate in the development of local digital infrastructure, drive the rapid advancement of next-generation information technologies, and establish a robust bridge for cooperation between China and Saudi Arabia in the field of information technology. Leveraging its extensive resources and global operational capabilities, China Telecom plans to bring its strengths in 5G, cloud computing, artificial intelligence, and other fields to provide innovative, high-quality communication products and services to Saudi enterprises, institutions, and consumers.
Mr. Fawaz extended his warm congratulations on the opening of China Telecom Gulf. He highlighted that as a leading global provider of communication services, China Telecom possesses abundant cloud-network resources and mature international service capabilities. The establishment of China Telecom Gulf is a significant step toward supporting the digital transformation of businesses in the region. He expressed confidence that through joint efforts, the company will seize opportunities in the digital era and contribute to Saudi Arabia’s socio-economic development and practical cooperation between China and Saudi Arabia in various fields.
China Telecom showcased its global resources, business capabilities, and its investments and partnerships in the Middle East and Africa. Key services introduced included eSurfing Cloud, computing power solutions, quantum technology, and customized 5G networks. Currently, China Telecom operates branches in 42 countries and regions worldwide, owns 53 international submarine cables, and manages 27 self-operated Internet Data Centers (IDCs). Its cloud-network integrated infrastructure and customer-centric digital service systems provide coverage across the globe.
During the event, China Telecom Gulf signed strategic cooperation agreements with Saudi Telecom Company (STC), Huawei Saudi Arabia, and Baud Telecom Company. The parties committed to deep collaboration, leveraging their respective strengths to provide optimized and convenient digital experiences to Saudi customers.
The establishment of China Telecom’s presence in Saudi Arabia marks a major milestone in the company’s entry into the Middle Eastern communications market, representing a key development in its global strategy. Moving forward, China Telecom Gulf will leverage China Telecom’s robust digital infrastructure and resource integration capabilities. We will collaborate closely with local Saudi enterprises, Chinese businesses expanding internationally, and global companies to strengthen cooperation and enhance exchanges. The company aims to contribute to the growth of Sino-Saudi and Middle Eastern industrial cooperation, continuously offering more smart solutions for the development of the Middle East’s digital economy, while striving to become a world-class provider of digital and intelligent technology services.
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Redefining Financial Frontiers: Nucleus Software Celebrates 30 Years with Synapse 2024 in Singapore
SINGAPORE, Nov. 23, 2024 /PRNewswire/ — The thriving India–Singapore partnership in banking and technology reached a new milestone as Nucleus Software celebrated 30 years of transformative innovation at Synapse 2024, held in Singapore. The event underscored the company’s role in redefining financial services across Southeast Asia (SEA) and the globe, bringing together leaders in finance and technology to explore a shared vision for the future of banking.
Synapse 2024 celebrated 30 years of Nucleus Software’s leadership in driving transformative change across Singapore and Southeast Asia’s financial ecosystem. The event also shone a spotlight on the Global Finance & Technology Network (GFTN), an initiative supported by the Monetary Authority of Singapore (MAS) to champion responsible technology adoption. The event highlighted the deepening synergies between India and Singapore, driven by their shared commitment to innovation, cross-border collaboration, and financial inclusion. As the financial services sector undergoes rapid evolution with advancements in artificial intelligence, blockchain, and digital banking, these partnerships are setting the stage for a more connected, resilient, and inclusive global ecosystem.
Vishnu R. Dusad, Co-founder and Managing Director of Nucleus Software, reflected on the milestone: “For over 30 years, we’ve had the privilege of aligning our journey with Singapore’s ascent as a global financial powerhouse. Back in 1994, when we chose to go East instead of West, it was a bold and emotional decision—guided by our belief in Singapore as a hub for innovation and collaboration. We saw then what remains true today: Singapore is at the heart of the global financial landscape, a place where new ideas take root, and partnerships thrive.”
The event brought together a distinguished array of participants, highlighting the transformative potential of India–Singapore collaboration. Mr. Piyush Gupta, CEO of DBS Group and the Guest of Honor, set the tone for the event with his opening remarks, emphasizing the transformative role of big tech in reimagining scalable, customer-centric financial services in the digital age.
Following his address, key speakers enriched the discussions with their insights. Mr. Sopnendu Mohanty, Chief Fintech Officer at the Monetary Authority of Singapore and Group CEO-Designate of The Global Finance & Technology Network (GFTN), underlined the importance of fostering responsible technology adoption and building inclusive financial ecosystems. Mr. Vinod Rai, globally respected public policy expert, Distinguished Visiting Research Fellow at the National University of Singapore, and former Comptroller and Auditor General of India, shared his perspectives on governance and policy frameworks in financial systems. Mr. S.M. Acharya, Chairman of Nucleus Software and former Defence Secretary of India, offered a visionary outlook on leveraging technology to modernize and secure banking frameworks. Finally, Mr. Pieter Franken, Co-founder and Director of GFTN (Japan), a global FinTech pioneer and deep tech innovator, discussed the future of decentralized finance and its implications for the financial sector.
The event showcased the transformative role of technology in global financial systems, emphasizing innovations that set benchmarks for scalability and inclusivity. Panelists discussed the importance of localized solutions, the challenges of cross-border integration, and leveraging dual business models to optimize capital and foster public participation. The dialogue highlighted the need for common standards, unified frameworks like APIs, and collaborative efforts to accelerate financial inclusion and drive global connectivity in the digital age.
For 30 years, Nucleus Software has consistently introduced advanced lending and banking solutions that support financial institutions’ evolving needs in Singapore and South East Asia. Driven by lean development methodologies like Acceptance Test-Driven Development (ATDD) and Continuous Integration/Continuous Delivery (CICD), Nucleus Software continues to push boundaries in efficient, flexible, and secure financial technology.
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