Abu Dhabi (Etihad)
Today, ADQ Holding launched the “Holding Growth Lab”, a modern community of innovators from all its companies, which reflects the company’s commitment to innovation, research and development, and supports its approach to focusing directly on adding value and creating a sustainable impact within the priority sectors of the UAE economy. United Arab Emirates. The Holding will invest 100 million dirhams in financing experimental research and development projects in the new society, within the framework of the “Holding Laboratory for Growth”, and will allocate additional funds to accelerate and adopt artificial intelligence and automation experiments, by demonstrating innovative and experimental concepts.
The “Holding Lab for Growth” community works to enhance cooperation in sectors, to facilitate the exchange of knowledge and strategic partnerships between them and academia, and to benefit from research capabilities through cooperation with relevant regulatory authorities to contribute to the development and encouragement of paths to keep pace with developments in the main sectors in its subsidiaries, Such as the energy and utilities sector, food and agriculture, health and life sciences, transportation and logistics, in addition to that, the “Holding Growth Lab” will support ways to expand cooperation with emerging and developed companies and technology partners, with the aim of stimulating the future growth of “ADQ” companies.
The Holding launched the “Holding Growth Lab” during a forum that brought together more than 30 specialists in innovation, research and development from more than 20 of its companies, to work together on identifying priorities, topics and opportunities for cooperation in innovation, research and development that would enhance economic growth in the UAE and support innovation environment.
Louay Abu Shanab, Head of Strategic Affairs at the Holding Company, said: “The launch of the Holding Lab for Growth underscores our commitment to investing in research and development and innovation initiatives, as cornerstones of our strategy aimed at enhancing the resilience of ADQ companies. We are confident that this innovative society will expand growth prospects, which in turn will accelerate the process of value creation, and will contribute to supporting the transformation of the future economy of the UAE to be based on knowledge, by facilitating cooperation between all the “holding” companies and its broader innovation system.
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