HEALTHCARE-

#1- Hub71 and MBZUAI join HELM Cluster: Hub71 and the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) are the latest to join Abu Dhabi Department of Health’s (DoH) and Abu Dhabi Investment Office’s (ADIO) recently launched HELM cluster, according to Abu Dhabi Media Office. Startups and scale-ups will have access to a global investor network through Hub71, while MBZUAI will offer research facilities, specialized trainings, internships, and workshops to develop AI and biotech talent.

ICYMI- Masdar City also said it would set up advanced health and life sciences labs as part of the HELM cluster. The partnership will focus on developing programs to attract researchers and startups to collaborate on research and knowledge exchange.

#2- ADIO, DoH, and Hub71 partner to boost health and life sciences investments: The Abu Dhabi Investment Office (ADIO) partnered with Abu Dhabi’s Department of Health and Hub71 to attract global venture capital investments to the HELM cluster, and help healthtech and life science startups scale up, according to an Abu Dhabi Media Office statement.

The details: Hub71 will tap into its global VC network to promote investments in HELM through roadshows, networking events, and marketing efforts. ADIO will support with co-investment options, business support, and facilitation services to help international VC firms establish and scale in the emirate. Hub71 will also connect startups with relevant investors to enhance market access, while DoH will provide regulatory support to streamline investment in the life sciences sector.

SUSTAINABILITY-

Tadweer explores green building materials production with SFECO: Abu Dhabi-based waste management firm Tadweer signed an agreement with China’s SFECO Group to explore the development of a facility in Abu Dhabi to convert industrial solid waste into sustainable building materials, Wam reports. The pair will form a joint working committee to determine the feasibility of the project and set a framework for each party’s involvement to eventually reach a definitive agreement.

Tadweer is upping the region’s waste management game: Tadweer partnered with Dubai-based Fams Technologies in February to launch an AI-integrated waste management platform, with Egypt’s Waste Management Regulatory Authority in November 2024 to explore a possible EUR 70 mn palm frond waste recycling factory, and with Emsteel in November to manufacture sustainable building materials using alternative fuels and raw materials.

REAL ESTATE-

Neovision to manage Residential REIT: Fund management and investment advisory firm Neovision Wealth Management was tapped as the new fund manager of the Residential REIT, according to a press release. The Residential REIT is the UAE’s first shariah-compliant residential real estate investment trust and one of the largest shariah-compliant REITs in the region. Incorporated in ADGM, it provides investors access to a high-quality portfolio of income-generating residential assets.

The ADGM has rolled out its virtual sell and purchase service, allowing buyers, sellers, and banks to complete multiple real estate transaction steps online, according to a press release (pdf). This service consolidates procedures like discharging and registering a mortgage, and registering a transfer in a single digital transaction. It also features a virtual presence option, enabling all parties to complete their roles virtually. The new service will be launched as part of ADGM’s AccessRPplatform, which offers a list of services for real estate transactions.

MARITIME-

Noatum Maritime and the Arab Shipbuilding and Repair Yard Company kicked off the operations of their JV ASRY Marine, Wam reports. The JV, first announced in February, aims to deliver integrated marine services in Bahrain and marked its operational start with the arrival of four modern tugboats from Noatum Maritime’s fleet at ASRY’s headquarters.

LOGISTICS-

Jas Middle East lands in Dubai South: Logistics and supply chain solution provider Jas Middle East has inaugurated its new 19k sqm regional mega headquarters in Dubai South, according to a statement.

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