Abu Dhabi Calls for Speeding up Sustainable Development through Practical Initiatives

Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council. (WAM)
Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council. (WAM)
TT
20

Abu Dhabi Calls for Speeding up Sustainable Development through Practical Initiatives

Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council. (WAM)
Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council. (WAM)

The Abu Dhabi Sustainability Week Summit got underway on Tuesday as part of ADSW 2021, the global platform for accelerating the pace of sustainable development.

Hosted by Masdar, the event is being held virtually this year due to restriction in place to manage the COVID-19 pandemic.

Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, welcomed the leaders, officials and experts participating in the sessions of this year’s summit to discuss how to enact a “green recovery” to help economies rebound from the pandemic and build a more sustainable future for all, reported the UAE news agency (WAM).

Sheikh Hazza emphasized that the UAE is continuing its efforts under the leadership of President Sheikh Khalifa bin Zayed Al Nahyan, and support of Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to stimulate sustainable development.

He said ADSW is particularly relevant this year as it represents a global platform for dialogue and setting the sustainable development agenda based on the principles of the green recovery.

Sheikh Hazza bin Zayed said: “In light of the exceptional circumstances that the world is experiencing, there is an urgent need to take practical steps and initiatives that contribute to accelerating the application of the principles and foundations of sustainable development, with the need to take proactive steps, plan for a more flexible future and strengthen capabilities in order to efficiently face the existing and emerging challenges.”

“The Emirati initiatives, present to the world a practical model on the economic feasibility of renewable energy, stressing the importance of cooperation and joint work to achieve tangible progress in the field of reducing the repercussions of climate change.”

Sheikh Hazza bin Zayed said that Abu Dhabi continues, year after year, to consolidate its position and pivotal role as a platform that brings together the international community to discuss key issues in sustainability. He said that he hoped that this year’s ADSW would be the starting point for constructive global dialogue on building a secure and stable future for current and future generations.

As well as the Summit, ADSW, which runs from January 18-21, hosts a series of high-level virtual activities, including the General Assembly of the International Renewable Energy Agency (IRENA), the Abu Dhabi Forum for Sustainable Finance, and the Global Energy Forum of the Atlantic Council. the virtual forum for the “Youth for Sustainability” platform, and the World Future Energy Summit forums.



Indonesia, Qatar to Create $4 Bln Joint Fund Investing in Indonesia 

A sign for Indonesia's sovereign wealth fund Danantara is seen in front of its headquarters in Jakarta, Indonesia, February 28, 2025. (Reuters) 
A sign for Indonesia's sovereign wealth fund Danantara is seen in front of its headquarters in Jakarta, Indonesia, February 28, 2025. (Reuters) 
TT
20

Indonesia, Qatar to Create $4 Bln Joint Fund Investing in Indonesia 

A sign for Indonesia's sovereign wealth fund Danantara is seen in front of its headquarters in Jakarta, Indonesia, February 28, 2025. (Reuters) 
A sign for Indonesia's sovereign wealth fund Danantara is seen in front of its headquarters in Jakarta, Indonesia, February 28, 2025. (Reuters) 

Sovereign wealth fund Danantara Indonesia said it will form a $4 billion joint fund with the Qatar Investment Authority that will focus on investment in Southeast Asia's largest economy.

The fund will focus on projects in downstream industries, or industries that process Indonesian commodities, as well as renewables and health facilities and other relevant sectors, such as technology, Danantara said in a statement on Tuesday.

Indonesia and Qatar will each commit $2 billion to the fund, it said.