Developing clean industry across the region
The Industrial Transition Accelerator (ITA) – a global multi-stakeholder platform, managed by Mission Possible Partnership – is working in partnership with key players in the Middle East and North Africa (MENA) region, including the UAE and Bahrain.
The ITA programmes bring together industry, investment and policy makers to lift barriers to announced projects and accelerate them towards final investment decisions and operational production
With our Net Zero Steel concept validated, we are now working with the ITA to scale it across the MENA region. The ITA’s support enables us to drive sustainability and innovation in steel production.
Asam Hussain
CEO, Arabian Gulf Steel Industries of the IEA
The Industrial Transition Accelerator (ITA), a global multi-stakeholder platform – managed by Mission Possible Partnership, is driving change with key partners across projects in the UAE. The ITA assists in the transition towards clean materials, fuels and chemicals. Working in partnership with the UAE’s Ministry of Industry and Advanced Technology (MoIAT), the ITA provides on-the-ground, practical, and tailored implementation support to help accelerate investment in clean industrial projects.
Partnering with specific project developers, the ITA identifies and helps overcome barriers to investment by strengthening demand for green goods through addressing policy and regulatory needs at a regional level, while building low-emissions value chains and identifying mechanisms to de-risk regional project investment.
The ITA works in partnership with the Ministry for Industry and Commerce in Bahrain to progress a pipeline of clean industrial projects in the MENA region.
The Industrial Transition Accelerator (ITA) is a global multi-stakeholder platform – managed by Mission Possible Partnership – the ITA will collaborate with regional governments, industry leaders, and financial institutions to bolster the investment case for the MENA region’s emerging green industries and mobilise the critical capital needed to advance regional and global decarbonisation efforts.
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 scale-up of green markets globally. This new partnership with the governments of the UAE and Bahrain will showcase how the MENA region can speed up its energy and industry transition.”
Middle East programmes | further reading
A rare bit of positive news in a turbulent year: clean industry investment is accelerating. Data from our newly-published Global Project Tracker update shows that 19 commercial-scale clean industrial projects reached final investment decision in the past six months – more than double the pace of a year ago.
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