The Industrial Transition Accelerator (ITA) announces partnerships with the UAE and Bahrain as it ramps up activity in the Middle East and North Africa (MENA) region, where it will work directly with industry, investors and local governments to accelerate investment by 2026
First country partners of the ITA MENA Project Support Programme are the United Arab Emirates (UAE) and the Kingdom of Bahrain.
The ITA is working with the UAE’s Ministry of Industry and Advanced Technology and with the Ministry of Industry and Commerce in Bahrain to ensure efforts align with national climate objectives.
Abu Dhabi, UAE – The Industrial Transition Accelerator (ITA) has announced partnerships with governments of the UAE and Bahrain to expand its efforts in industrial decarbonisation across the Middle East and North Africa (MENA) region. This is the ITA’s second region of focus, following the early success of its Brazil programme, announced in a partnership with Brazil’s Ministry of Development, Industry, Trade and Services in July this year.The industrial sector contributes 40% to MENA’s GDP, surpassing the global average of 26%, and with advantages in both conventional energy and renewable energy generation, the MENA region is well-positioned to lead the global decarbonisation of heavy industry.
The UAE’s Ministry of Industry and Advanced Technology and Bahrain’s Ministry for Industry and Commerce are the ITA’s first partners in the MENA region, with further country partners expected to be announced in the coming months. The ITA will collaborate with regional governments, industry leaders, and financial institutions to bolster the investment case for MENA’s emerging green industries and mobilise the critical capital needed to advance regional and global decarbonisation efforts.
The ITA’s analysis, using the Mission Possible Partnership (MPP) Global Project Tracker shows a pipeline of announced green industrial projects in the MENA region. These projects are awaiting billions of dollars of investment to start production of green commodities but require a stronger demand signal from the market to give businesses and investors the confidence to act2.
H.E. Abdulla Bin Adel Fakhro, Minister of Industry and Commerce of the Kingdom of Bahrain, said: “We are delighted to be the first partner to join the ITA along with the UAE in the MENA Project Support Programme in this critical initiative to expand green industry in the region. Being part of this reaffirms our commitment towards promoting sustainable manufacturing inline with our Industrial Sector Strategy (2022-2026). The opportunities are vast and exciting and the need to advance this industry is urgent to accelerate our efforts to achieve carbon neutrality.
Faustine Delasalle, Executive Director of the ITA, said: “Unlocking the existing pipeline of green industrial projects in the region would make a significant contribution to the region’s green growth agendas and help the sca
