SENAAT NAMED EXCLUSIVE PLATINUM PARTNER FOR THE UAE’S CONTRIBUTION TO THE 18TH SESSION OF THE UNIDO GENERAL CONFERENCE

SENAAT’s sponsorship reaffirms its commitment to drive innovative alliances between industry stakeholders that will transform the global manufacturing sector and accelerate inclusive and sustainable industrial development.

Abu Dhabi, United Arab Emirates, 30 October 2019 – The United Nations Industrial Development Organization (UNIDO) and Ministry of Energy and Industry, United Arab Emirates today announced that SENAAT, one of the UAE’s largest industrial investment holding companies, is named Exclusive Platinum Partner of the United Arab Emirates’ contribution to the 18th Session of the UNIDO General Conference. The sponsorship reaffirms SENAAT’s commitment to drive innovative alliances between key industry stakeholders across the global value chain that will help transform the global manufacturing sector and accelerate inclusive and sustainable industrial development.

Throughout the 5-day proceedings, a series of high-level side events will accompany the main agenda of the conference focusing on six themes: Youth and Entrepreneurship; Gender; Industry 4.0; Sustainable Energy; Industrial Parks; and Circular Economy. These will run alongside 25 sessions around policies that facilitate the achievement of the 2030 Agenda for Sustainable Development and the 17 Sustainable Development Goals (SDGs) in the presence of 800 delegates from 168 Member States including Heads of States and Governments, Ministers, senior representatives of United Nations organizations, and prominent leaders from the private sector, civil society and academia.

Through a solid investment strategy, SENAAT and its subsidiaries continue to drive forward the Abu Dhabi Industrial Strategy 2021 and Abu Dhabi Economic Vision 2030, which is aimed at enabling sustainable development and the diversification of the country's economic resources. In line with the General Conference’s theme ‘Industry 2030 – Innovate. Connect. Transform our Future’, SENAAT continues to drive innovation in the industry sector by promoting innovative business models within its subsidiaries to increase the efficiency of manufacturing processes and improve quality of products, services, and solutions. The holding company continues to help achieve the Sustainable Development Goals (SDGs), focusing its efforts on promoting inclusive and sustainable industrialization, building a resilient infrastructure, and fostering innovation, as part of SDG 9; providing decent work and economic growth, in line with SDG 8; supporting the development of affordable and green energy, as part of SDG 7; and facilitating responsible consumption and production as indicated in SDG 12.

H.E. Suhail Mohamed Al Mazrouei, Minister of Energy and Industry, United Arab Emirates and incoming President of the 18th Session of the UNIDO General Conference said; ”The UNIDO General Conference is an important platform to discuss some of the world’s most pressing challenges. As the technologies provided by the fourth industrial revolution emerge, it is critical that partnerships between global industry players are strengthened. Consequently, I am delighted to welcome SENAAT as the Exclusive Platinum Partner of the UAE contribution to the UNIDO General Conference so that we work together to drive forward a global strategy that enables the delivery of shared objectives, and the promotion of inclusive and sustainable industrial development around the world”.

H.E. Dr. Mohammed Rashed Al Hameli Chairman of SENAAT, said: “Abu Dhabi’s strong industrial ecosystem is characterized by synergies and alliances between different industry leaders, associations and major organizations. The UNIDO General Conference serves as a solid platform to explore potential partnerships with local, regional and international stakeholders to promote inclusive and sustainable industrial development.”

Eng. Jamal Salem Al Dhaheri, CEO of SENAAT, said: “The partnership between SENAAT and the UNIDO GC is the result of our shared commitment to take a transformational approach towards shaping the future of manufacturing in the advent of the Fourth Industrial Revolution. SENAAT is passionate about sustained economic growth and we have an open-door policy towards partnering with key industrial sector players as we believe, together, with vast experience and deep knowledge, we can bridge economic, social and environmental gaps for sustainable development.”

SENAAT currently has nine portfolio companies and manages AED 27.3 billion of industrial assets including metals, F&B, O&G, building materials. Consequently, in 2018, SENAAT achieved revenues of AED 16.3 billion, a 3.5% increase over 2017, and a 2018 EBITDA of AED 2.5 billion delivering solid shareholder value. SENAAT is committed to the development of highly skilled human capital and in doing so; the organisation invests in upskilling Emiratis to achieve their full potential and to drive the next generation of industrial sector growth - one of the most important pillars of sustainable socio-economic development.

The UNIDO General Conference is the supreme policymaking event that convenes every two years to determine the guidelines and policies of the Organization and approve its budget and working programmes. Since becoming a specialized agency, the UNIDO General Conference was hosted away from its Vienna Headquarters only three times: in Bangkok, Thailand (1987); in Yaoundé, Cameroon (1993); in Lima, Peru (2013); and now in Abu Dhabi, United Arab Emirates (2019). The eighteenth session of the UNIDO General Conference will be held from 3 to 7 November 2019 in Abu Dhabi, UAE.