Abu Dhabi – The Abu Dhabi Department of Economic Development (ADDED) has signed a Memorandum of Understanding (MOU) with Inovartic Investment, a leading technology innovation company, to establish a facility in Abu Dhabi that will produce graphene and graphene-supported products.

The strategic collaboration marks a significant step towards enhancing advanced material manufacturing in the region and beyond and is aligned with Abu Dhabi’s vision to become a global hub for cutting-edge industries and technological innovation.

Graphene and graphene-supported products are a primary input for electronics and semiconductors that are widely used across an array of vital sectors, including healthcare, biotechnology, transportation and environmental conservation.

H.E. Badr Al-Olama, Acting Director General of Economic Affairs at ADDED, said: “This partnership is a testament to Abu Dhabi's commitment towards fostering a dynamic and diversified economy that supports new industries to ensure economic growth and prosperity. By working with Inovartic Investment, we are poised to make substantial advancements in the field of advanced material manufacturing, reinforcing our dedication to technological advancement and innovation in key sectors.”

Saif Aldarmaki, Chairman and Co-Founder of Inovartic Investment, expressed his enthusiasm, indicating that the agreement will act as a cornerstone for the future of advanced materials manufacturing.

“Our collaboration with the Abu Dhabi Department of Economic Development enhances our role as innovators, and promotes sustainable growth and economic diversification for the Emirate. We look forward to the transformative impact this partnership will have on the industry and the region,” he added.

Anwar Hussein, Managing Partner and Co-Founder of Inovartic Investment said: “With this MOU, we are setting the stage for a new era of technological innovation and industrial excellence. Our partnership with the Abu Dhabi Department of Economic Development will enable us to push the boundaries of what is possible in advanced manufacturing, contributing to a more sustainable and prosperous world.”

By leveraging pioneering technologies that are integral to emerging sectors like Big Data, Artificial Intelligence, Augmented Reality and the Internet of Things, Abu Dhabi’s manufacturing sector is boosting industrial innovation, quality and efficiency. In turn, industrial excellence is set to propel the Emirate’s Falcon Economy vision, which aims to transform Abu Dhabi into an export-driven, resilient economy empowered by a highly skilled workforce to leverage advanced technologies and emerging disruptive economic trends.

-Ends-

About ADDED

The Abu Dhabi Department of Economic Development (ADDED), the catalyst for economic growth and diversification, regulates the business sector in the Emirate and leads economic initiatives to achieve a knowledge-based, diversified, and sustainable economy. ADDED adopts best policies and practices based on the latest research and statistics, devotes its efforts to elevate the development and renaissance across various sectors, and prepares strategic programs and plans by adopting the best economic and administrative practices, applying the latest technology, and drawing on global expertise.

ADDED strives to improve the investment climate in the Emirate by enhancing prospects for cooperation with strategic partners and ensure principles of innovation, transparency, and knowledge-sharing are followed to strengthen the business ecosystem to enhance Abu Dhabi as a preferred destination for business and investments.

For further info, please visit
www.added.gov.ae

For media enquiries,
PRandMedia@adeconomy.ae

About Inovartic Investment

Inovartic Investment is a technology-based innovation company dedicated to pioneering advancements in various sectors, including advanced materials, renewable energy, and sustainable technologies. With a strong commitment to research and development, Inovartic Investment aims to create impactful solutions that drive progress and economic growth.

For more information, please contact:
Inovartic Investment point of contact:
Miss Weyam Ibrahim Amiri - Project Coordinator at Inovartic Investment
Weyam@inovartic.com
www.inovartic.com