October 13, 2023

Unlocking Success: Leveraging Data-Driven Marketing Strategies to Optimize Your Investments

In the ever-evolving landscape of marketing, data-driven strategies have emerged as a game-changer, allowing businesses to make informed decisions, minimize risks, and maximize their return on investments. This article explores how harnessing the power of data-driven marketing can lead to greater success and efficiency in your marketing endeavors. In today’s data-rich world, the ability to […]

Brand Awareness
October 13, 2023

Elevate Your Brand Awareness with These Revolutionary PR Tools

In today’s competitive business landscape, establishing a robust brand presence and cultivating authority are paramount for entrepreneurs and businesses. To achieve these goals, you must embrace a well-rounded public relations (PR) strategy, consisting of two pivotal components: participating in podcasts within your niche and effectively harnessing the power of social media. Let’s delve into the […]

October 12, 2023

Understanding Consumer Behavior: The Key Factors That Shape Your Shopping Choices

Consumer behavior is a complex and fascinating field of study that explores the psychology behind our shopping decisions. It delves into the myriad factors that influence why we buy certain products or services and how we make those choices. In this article, we’ll shed light on four critical factors that significantly impact consumer behavior. 1. […]

Profit Margin
October 12, 2023

Mastering Profit Margins and Pricing Strategies for Sustainable Business Success

In the ever-evolving landscape of business, the art of pricing and profit margins is a critical determinant of a company’s profitability and long-term sustainability. Setting the right price for your products or services is a delicate balancing act: charging enough to ensure healthy profit margins while remaining competitive in the market. In this article, we […]

Innovation
October 12, 2023

Nurturing the Seeds of Innovation: Building a Thriving Culture and Dream Team in Your Startup

Launching a startup is like planting a seed, and the environment in which it grows plays a pivotal role in its success. To foster the growth of your startup into a mighty tree of innovation, you need to cultivate a positive and innovative culture while assembling a top-notch team that believes in your vision. In […]

Rabdan
October 9, 2023

Minister of Industry & Advanced Technology Inaugurates ‘Standard Turf’ Factory and Visits ‘Rabdan’ Vehicle Facility

Dr. Sultan bin Ahmed Al Jaber, the Minister of Industry and Advanced Technology, marked significant developments in the UAE’s industrial sector as he inaugurated Standard Carpets Industries’ new factory, ‘Standard Turf,’ located in Dubai Industrial City. As part of his visit, he also toured NWTN, a car assembly facility producing the Emirati car brand, Rabdan, […]

Minister of Industry & Advanced Technology inaugurates ‘Standard Turf’ factory and visits ‘Rabdan’ vehicle facility وزير الصناعة والتكنولوجيا المتقدمة يفتتح مصنع "ستاندرد تيرف" ويزور منشأة تصنيع سيارة "ربدان" الإماراتية الرائدة وزير الصناعة والتكنولوجيا المتقدمة يفتتح مصنع "ستاندرد تيرف" ويزور منشأة تصنيع سيارة "ربدان" الإماراتية الرائدة وزير الصناعة والتكنولوجيا المتقدمة يفتتح مصنع "ستاندرد تيرف" ويزور منشأة تصنيع سيارة "ربدان" الإماراتية الرائدة وزير الصناعة والتكنولوجيا المتقدمة يفتتح مصنع "ستاندرد تيرف" ويزور منشأة تصنيع سيارة "ربدان" الإماراتية الرائدة وزير الصناعة والتكنولوجيا المتقدمة يفتتح مصنع "ستاندرد تيرف" ويزور منشأة تصنيع سيارة "ربدان" الإماراتية الرائدة وزير الصناعة والتكنولوجيا المتقدمة يفتتح مصنع "ستاندرد تيرف" ويزور منشأة تصنيع سيارة "ربدان" الإماراتية الرائدة Previous Next A-AA+ ABU DHABI, 8th October, 2023 (WAM) --Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, inaugurated Standard Carpets Industries’ new factory ‘Standard Turf at Dubai Industrial City, a member of TECOM Group PJSC and one of the largest industrial ecosystems in the region.’ Standard Carpets is one of the world's largest producers and exporters of carpets, rugs, and artificial grass. As part of a series of visits conducted by the Ministry of Industry and Advanced Technology (MoIAT), he also visited NWTN, a car assembly facility that produces the Emirati car brand Rabdan in Khalifa Economic Zones in Abu Dhabi (KEZAD). Commenting on the occasion, Dr. Al Jaber said: “Thanks to the vision, guidance, and support of our leadership, the UAE’s industrial sector is witnessing significant development, further enhancing its vital contribution to diversifying the national economy and achieving sustainable economic development. The economy is supported by a business-friendly environment comprised of many competitive advantages. Some of these advantages include the UAE’s advanced, tech-enabled infrastructure, which enhances growth opportunities for industries and increases competitiveness as well as harmonisation with the best international standards. This helps UAE-based manufacturers compete globally based on the principles of innovation, sustainability, and shaping the future.” He added: “The ministry plays a strategic role in enhancing the growth and development of the national industrial sector, supporting it to adopt 4IR solutions in line with the objectives of the National Strategy for Industry and Advanced Technology. "We are committed to conducting field visits to organisations and facilities operating in the sector to enhance partnerships and cooperation. These tours also enable the ministry to share insights on future trends around industry enablers such as financing solutions and incentives in addition to promoting the adoption of innovation and advanced technology, as well as 4IR solutions to enhance the country’s position as a leading global hub for industries of the future. They also enable us to learn more about the needs, projects and ambitions of manufacturers, which supports our efforts to enhance the UAE’s position as a leading global hub for future industries." Al Jaber stressed the importance of the role played by industrial cities and zones in the country. Their advanced infrastructure, integrated solutions, logistics and unique capabilities help local manufacturers, companies, and investors. They also support local manufacturing and attract foreign capital. He said: “The inauguration of the ‘Standard Turf’ factory in Dubai Industrial City, along with the company's plans to expand its operations with an investment of AED 600 million, serve as an example of the success of the ministry’s efforts to promote the growth and development of the national industrial sector and boost local investment." He was accompanied by Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology (MoIAT), Osama Amir Fadhel, Assistant Undersecretary of Industry Accelerators Sector at MoIAT, and Abdulla Al Shamsi, Assistant Undersecretary for Industrial Growth at MoIAT. Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED), said: “The NWTN facility is a testament to Abu Dhabi's commitment to diversifying its economy, promoting sustainability, training, and providing high-skills job opportunities for UAE talents, and supporting advanced-tech manufacturing sector. The success of companies like NWTN and its eco-friendly, Rabdan brand, is a prime example of the success of the Abu Dhabi Industrial Strategy (ADIS) in attracting foreign direct investments to the emirate’s manufacturing sector to grow and expand out of the region’s most competitive industrial hub.” Al Zaabi adds: “Through strategic partnerships, we are creating new opportunities for cooperation, which will further enhance Abu Dhabi's reputation as a hub for talents, manufacturers, businesses, and investments. The Abu Dhabi Industrial Strategy (ADIS) is taking great strides to double the manufacturing sector’s size to AED172 billion, create 13,600 jobs with a focus on Emirati talent, and increase non-oil exports to AED178.8 billion by 2031. ADDED is spearheading the ADIS programs and initiatives to build a sustainable and globally competitive manufacturing base, focusing on attracting leading industrial companies to develop clusters in priority areas such as food, pharmaceuticals, and automotive.” The inauguration marks the start of Standard Carpets’ expansion at Dubai Industrial City, where the company has been based since 2013 with a 1.3 million square-foot (sq ft) facility. In 2021, Standard Carpets expanded its operations to increase production capacity by introducing two new product lines – grass carpets and hard flooring – and the UAE-based manufacturer’s total land area at Dubai Industrial City now totals almost 3 million sq ft – roughly the equivalent of 39 FIFA-compliant football pitches. The company has already developed two of the five new plots totaling an area of 500,000 sq ft with an investment of AED 225 million. The remaining three plots, spanning 1.1 million sq ft, will be developed in the coming years with further investment of AED 375 million. Standard Turf will host a grass yarn extrusion capacity of 12,000 tons and a finished grass carpet capacity of 161.4 million sq ft. Its factory and an additional bulk continuous filament (BCF) yarn plant, to be utilized by the broadloom and carpet tile division, are located on the two recently developed plots. Commenting on the inauguration, Malek Al Malek, Chairman of TECOM Group PJSC, said: “The manufacturing sector is a critical component of the national economy and an essential pillar in the UAE’s and Dubai’s plans to achieve sustainable economic development. Our leadership’s vision is a core strength of our industrial ecosystem, which is consistently attracting global investors. “For more than 20 years, TECOM Group has contributed to boosting ease-of-doing business and growing the knowledge economy in the UAE by attracting global companies and skilled talent to Dubai across six key sectors. Our Group, through Dubai Industrial City, is continuing to attract global and regional leaders from the manufacturing sector to the UAE. Standard Carpets’ upward trajectory is an example of how our district empowers businesses to unlock new markets and attain international growth. “We are committed to continue offering a holistic ecosystem that encourages excellence in the manufacturing sector and empowers companies to Make Brilliance with a global impact, cementing the UAE’s and Dubai’s position as the world’s hub for future industries as well as reinforcing the reputation of UAE-made products.” Gulu Waney, Chairman, Standard Carpets, added: “We are proud to build on our presence at Dubai Industrial City, where we have operated one of the world's largest carpet factories since 2014. The newly inaugurated Standard Turf factory will further raise our capacity to manufacture high-quality products, reinforcing the strength of the ‘Made in UAE’ brand in more than 68 export markets. Our AED 600 million expansion program reiterates our confidence in Dubai’s position as a global manufacturing and logistics hub and will contribute to the UAE’s national strategy for advanced industry and technology (Operation 300bn) and Make it in the Emirates strategies to grow the economy.” Sustainability at Standard Carpets The Standard Turf factory will support Standard Carpets’ green initiatives by producing fully recyclable artificial grass, with its products under development and scheduled to launch in 2024. The company’s existing facility at Dubai Industrial City is a Silver Star winner of the 2021 Dubai Green Industrial Awards and its solar energy capacity of 7.2-megawatt is among the highest in the UAE’s private sector, supporting Standard Carpets’ endeavor to produce decarbonised products. Solar panels fitted at its Dubai Industrial City facility generate 60 percent of the facility’s daytime energy requirement and reduce CO2 emissions by 6.6 kilotons annually, making it a leading producer of significantly decarbonized carpet products. The company is also committed to water efficiency, and Standard Turf products will further contribute to conservation efforts in the UAE’s and Dubai’s industrial sector. During his visit to the Emirati ‘Rabdan’ car manufacturing facility, Al Jaber and the ministry’s delegation were briefed on how NWTN deploys technological solutions in the manufacture of Rabdan cars. The solutions help the company keep pace with the development of the UAE’s transport sector and help enhance its contribution to reducing emissions and achieving net zero. The technologies also bring advantages over other brands, supporting its expansion plans within local and regional markets. He was accompanied by Rashed Alblooshi, Undersecretary at the Abu Dhabi Department of Economic Development(ADDED) and Eng. Arafat Al Yafei, Executive Director of Industrial Development Bureau (IDB), the ADDED’s arm to develop the industrial sector. NWTN specialises in environmentally friendly technology and mobility solutions. The company’s car assembly facility is helping to meet the growing demand for electric vehicles in the UAE and the Middle East region, in addition to promoting green mobility and accelerating the country’s energy transition. The Rabdan 1 is a multi-use sports car that operates with all-wheel drive technology. It is dynamic, innovative, comfortable and employs world-leading extended range technology. The car can achieve a maximum range of 860 kilometers while saving energy and reducing emissions. Using a dual-motor system, the front and rear motors produce an incredible total power of 684 horsepower, and 1040 Nm torque, while acceleration from 0 to 100 kilometers takes just 4.5 seconds. The delegation also was briefed on the brand’s future expansion plans and the other models produced by the brand. Al Jaber praised NWTN’s important role in enhancing the competitiveness of the national industrial sector. He said: "The ‘Rabdan’ brand embodies the ambitious and forward-looking vision of the UAE’s leadership to innovate and advance the industrial sector and enhance its contribution to GDP and net zero commitments. The company operates in a key sector within the national economy, making it a fundamental contributor to the UAE’s climate neutrality goals, sustainable development, and the objectives of the National Strategy for Industry and Advanced Technology." These latest visits come as part of the field tours undertaken by Al Jaber to follow up on the development in the industrial sector, and to discuss means of supporting and attracting investors to benefit from the competitive advantages that the UAE offers. These include an attractive business environment, incentives, and enablers. It also aims to promote ease of doing business in line with the ‘Make it in the Emirates’ initiative, thus enhancing the role of the private sector, fostering partnerships, and supporting the growth of companies and institutions.
October 9, 2023

Navigating Growth: Challenges and Strategies in Scaling Up Your Startup

In the dynamic world of startups, achieving initial success is just the beginning. To truly thrive and make a lasting impact, startups often need to scale up their operations, expanding their reach and impact. However, this journey is fraught with challenges and requires well-thought-out strategies. In this article, we delve into the complexities of scaling […]

SHUAA
October 9, 2023

SHUAA Capital’s Strategic Move: Capital Raise through Rights Issue

In a significant strategic maneuver, SHUAA Capital has unveiled its plan to augment its issued share capital through a Rights Issue, following the preliminary green light from its Board. This pivotal decision underlines SHUAA’s commitment to fortify its financial position and set the stage for a new phase of growth. A Transformational Move: SHUAA’s Rights […]

Dubai
October 9, 2023

Dubai Chambers Attracts World’s Largest Family Business Conference

In a testament to Dubai’s global appeal as a hub for prestigious international events, Dubai Chambers has successfully attracted the world’s largest and most significant family business conference to the emirate. Partnering with Campden Wealth, Dubai Chambers is set to host the inaugural edition of the Campden Global Owners and Family Office Congress from 9th […]

Tesla
October 6, 2023

Tesla Slashes Prices of Model 3 and Model Y in the U.S. Amid Decline in Q3 Deliveries

In response to disappointing third-quarter delivery figures, Tesla has announced significant price reductions on select Model 3 and Model Y variants in the United States. The electric car manufacturer, led by CEO Elon Musk, is implementing these price cuts as part of its strategy to boost demand and maintain market competitiveness in an increasingly crowded […]

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