The agreement was signed in the presence of Dr Sultan Al Gargash himself. WAM
ABU DHABI, June 28 (WAM)
A new partnership was announced today between Strata Manufacturing, a UAE-based Digital Factory pioneer, Hyperganic, an AI-based engineering platform company with offices in Germany and Singapore, and German industrial 3D printing company EOS to build the world’s most energy-efficient residential air conditioner (A/C) system.
The partnership is a result of the Ministry of Industry and Advanced Technology’s efforts to facilitate industrial collaboration, which is in line with its strategy to create an attractive business environment for local and international investors in the industrial sector, support the growth of national industries, stimulate the adoption of innovation and advanced technology in industrial systems and solutions, and enhance the country’s status as a leading destination for the industries of the future.
The International Energy Agency (IEA) is projecting that energy demand from air conditioners will triple by 2050 – which is the equivalent to adding 10 new devices every second for the next 28 years. A/C units today account for 10 percent of all global electricity usage, which proves how crucial it is to reduce their energy consumption to satisfy environmental requirements.
The three partners signed the agreement at an official ceremony witnessed by Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, Sarah bint Yousif Al Amiri, Minister of State for Public Education and Advanced Technology, and Musabbeh Al Kaabi, CEO of UAE Investments at Mubadala Investment Company. The agreement was signed by Lin Kayser, CEO and Founder of Hyperganic, Dr. Hans Langer, Founder of EOS and a 3D printing pioneer, and Ismail Ali Abdullah, CEO of Strata Manufacturing.
Under the agreement, the partners will combine Hyperganic’s Algorithmic Engineering approach with the industrial metal 3D printing process pioneered by EOS, and Strata’s digital technologies, to produce a residential A/C unit that is up to 10 times more efficient than standard models – and, as such, will be highly coveted in global markets.
The companies plan to show project updates at the United Nations Framework Convention on Climate Change (UNFCCC) COP28 UAE to be hosted in Expo City Dubai in 2023. Hyperganic announced they will open their UAE Engineering Office at the beginning of July. Their team, which is set to grow to 20 engineers by the end of 2023, will cooperate with Strata’s team and the EOS team on implementing the project.
The Dubai International Financial Centre (DIFC) has today announced a comprehensive suite of temporary economic support measures designed to fortify its business and retail community. Effective immediately, the package addresses short-term operational pressures, ensuring the DIFC ecosystem remains the most resilient financial hub in the MEASA region.
As the global economy navigates a shifting landscape, the DIFC Authority is taking a proactive stance to provide financial reassurance and administrative flexibility to its 8,800+ active firms.
Targeted financial & operational support
The relief measures are specifically designed to stabilise cash flows for both commercial tenants and retail operators. Key initiatives include:
Flexible Payment Solutions: Customised payment plans for retail and commercial sectors.
Licensing Ease: New instalment plans for license renewal fees to reduce upfront capital requirements.
Administrative Grace Periods: Extensions on payments related to the Registrar of Companies, Data Protection Department, and lease contract filings.
Workforce Support: Deferred timelines for registering employees into the DIFC Employee Workplace Savings (DEWS) scheme.
Regulatory flexibility
In tandem with the DIFC Authority, the Dubai Financial Services Authority (DFSA) is introducing regulatory relief to maintain market momentum. These measures will support existing regulated firms and streamline the authorisation process for new entities seeking to enter the Dubai market.
“At DIFC, we stand alongside our clients, partners, and employees with a clear commitment to provide support and reassurance when it is needed most,” said Arif Amiri, Chief Executive Officer of DIFC Authority.
The announcement comes as DIFC continues its Zabeel District expansion, which is set to house over 42,000 companies. By prioritising the human and financial health of its current partners, DIFC is reinforcing Dubai’s position as a top-four global financial centre that prioritises stability alongside innovation.
As global markets navigate a landscape of uncertainty, the UAE continues to stand as a beacon of stability and resilience. While business leaders across the region have applauded the nation’s defence mechanisms and leadership, one Dubai-based advertising firm is moving beyond words and into action.
NextWhat Advertising has unveiled a massive, self-funded tribute billboard at the Dubai World Trade Centre Roundabout. In a move that breaks industry norms, the agency has bypassed commercial revenue to dedicate one of the city’s most premium outdoor spots to a message of solidarity and love for the UAE leadership.
The billboard, strategically located in the parking area facing the flow of traffic from Emirates Towers toward Zabeel Road and facing the iconic Sheikh Zayed Road, carries a heartfelt message honouring the strength, wisdom, and commitment to unity that defines the UAE’s path forward.
Gratitude for leadership
While Corporate Social Responsibility (CSR) campaigns are common, they are almost exclusively funded by clients. NextWhat is pioneering a different path: the billboard owner acting as the benefactor.
“Typically, we see clients using CSR funds for these types of messages. Among outdoor media players, we are amongst the first few to have done this entirely on our own,” says Tanvir Shah, Founder and Managing Director of NextWhat Advertising.
“We’ve spent our own money and used our own premium space, no sponsorship, no clients, to show our genuine gratitude for the safety and leadership the UAE provides.”
From Mumbai to the world stage
The man behind the move, Tanvir Shah, is a first-generation entrepreneur with a legacy of Thinking Big. A graduate of Mumbai’s prestigious Sydenham College and a veteran of The Times of India, Shah launched his first venture in 1992. Today, his footprint spans India, Sri Lanka, and the UAE.
Under Shah’s leadership, NextWhat has become synonymous with unmissable brand experiences. By dedicating their state-of-the-art digital and large-format sites to a national cause, the company is demonstrating that in the UAE, the bond between the private sector and the state is built on more than just commerce; it is built on shared resilience.
United we stand as a family
Today, as business leaders and residents alike confront uncertainty, they do so not as guests in a foreign land, but as a united family standing in defence of the home that has embraced them. This bond has been forged through years of shared milestones and a collective belief that, regardless of origin, hearts can beat as one for the Emirates.
“The UAE has given us extraordinary opportunities and unwavering support. Just as it welcomed us during times of prosperity, we stand with it now in moments of challenge. We are not merely expatriates or guests; we are family. Irrespective of nationality, we have consciously chosen this country as our home, and we hold it close to our hearts. Our loyalty has only grown stronger through the trust and confidence shown by the nation’s leadership. This land has embraced us with dignity, and the least we can do is stand by it. At the end of the day, we are one,” concluded Shah.
Dubai authorities have announced a series of business support measures aimed at strengthening resilience, easing financial pressures, and sustaining economic growth across key sectors.
The initiatives are part of a wider Dh1 billion economic incentive package unveiled by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Deputy Prime Minister.
Relief for tourism and hospitality
To support hotels and tourism-related businesses, the government will allow:
Deferral of 100% of sales fees on rooms and food & beverage
Postponement of Tourism Dirham fees
These relief measures will be valid for three months starting April 1 and apply to:
Hotels
Hotel apartments
Holiday homes
The goal is to enhance liquidity and reduce short-term financial strain on the hospitality sector.
Wider support for businesses
Additional measures have been introduced across the broader economy, including fee deferrals for three months on:
Premium business names
Licence amendments
Newspaper announcements
Local service fees
Accommodation and waste management fees
Service improvement charges
These apply to both new business licences and renewals, with further updates expected after the three months.
Additional reforms
The broader package also includes:
Extended grace periods for customs data
Streamlined processes for issuing and renewing residency permits
Officials from the Dubai Department of Economy and Tourism emphasised that the emirate’s economic success is built on proactive policymaking and strong collaboration with industry stakeholders.