Entrepreneurs
TAQA’s Vision for a Low-Carbon World: Clean Energy and Water Solutions across 10 Nations
TAQA’s real journey began with the strategic decision made by the Abu Dhabi emirate to privatize its power and water sector-an expression of the emirate’s keen foresight to secure vital resources for its rapidly growing population. This was an important milestone which led to the company listing on the Abu Dhabi Securities Exchange in 2005. Year after year, the company expands its market footprint overseas outside of the UAE by further extending operations to countries such as Canada, Ghana, India, Morocco, Oman, Saudi Arabia, the United Kingdom, and the United States.
The idea behind TAQA is basically “power a thriving future,” with vision achieved through focus on renewable energy, innovation, and operational excellence. Its core values are what guide TAQA’s operations. Safety comes first; processes that are sustainable; collaboration, innovation, and excellence in everything it does. It shows each and every one of the business aspects, from research and development to global expansion strategy.
TAQA has made tremendous inroads into global operations with strategic acquisitions and investments. It has built a strong international presence by acquiring world-leading technologies and expanding into new geographies. What the company is now offering are competitive and differentiated products and services, positioning it at the center stage of the energy sector. The investment in oil and gas operations will build the in-house capabilities of the company and add to the technology portfolio. It will maintain a steady process in creating values for various stake holders like shareholders, customers, and communities through both organic and inorganic growth.
TAQA’s operations are not only focusing on energy production but also extending to substantive water security. In a region where water scarcity is one of the key issues, the water desalination plants offered by TAQA are quite significant in providing fresh water to communities. It happens to be among the largest manufacturers of desalinated water worldwide. This further ensures that the needs of residential and commercial consumers alike are satisfied in the process. TAQA’s investments in clean power, such as solar projects, further drive its commitment to renewable resources. Leadership in the company to guide the transition to a low-carbon economy is indicated by the strategic partnership and projects undertaken by the company across several countries.
The future of TAQA is well-established on sustainable growth. The company continues to innovate by developing and deploying new technologies with long-term relationships with customers. In the future, TAQA will continue to look toward the delivery of clean, reliable energy and water to satisfy the demands of governments, businesses, and consumers worldwide. The concept of being a low-carbon power and water champion promotes TAQA’s vision aligned with the sustainability goals of the world. TAQA is positioning a future where clean energy and water resources are made accessible to all, driving long-term value for stakeholders. The company prioritizes safety, sustainability, collaboration, innovation, and excellence.
Conclusion: TAQA has a story of development, innovation, and commitment to sustainability. Starting from its roots in the privatized power and water sector in Abu Dhabi, it has become a global leader in the utilities category by serving millions worldwide. With operations growing, the vision of a sustainable and thriving future continues to live at the heart of the mission to supply energy and water solutions as reliable, efficient, and environmentally safe.
Entrepreneurs
Gulf Medical Projects and the Evolution of Healthcare
Gulf Medical Projects with its thrust in innovation and excellence is a shining beacon against the dynamic healthcare scene. Established in 1979, this leading public limited holding company has navigated itself to historic strides in innovations in healthcare services that bring difference in the UAE and beyond. Having their savvy leadership team guide the operations, Gulf Medical Projects continues to take new highs in the business, and transform lives with quality and innovation.
The shrewd leadership of the Board of Directors Chairman, Dr. Sheikh Faisal Bin Khalid Al Qassimi, cemented that Gulf Medical Projects took its position among one of the most leading health sector players. Strategic vision and acumen of Dr. Sheikh Faisal ensured that the company went the way towards growth and excellence. His vision maintains Gulf Medical Projects as an industry front runner that continuously improves its services while expanding into new frontiers. He achieves such through the operating capacity of the Managing Director, Sheikh Majid Bin Faisal Al Qassimi, to implement strategies that bring productive action. Super management capability of Sheikh Majid Bin Faisal Al Qassimi made the company firm a great operational success while creating it within a culture of continuous improvement. Sheikh Majid has maintained excellence in executing several projects, which have positively impacted health delivery throughout the region.
Dr. Rasoul Mousannef is the General Manager for Gulf Medical Commercial Agencies. Commercial operations inculcate his hand in the sector. Such a leadership from Dr. Mousannef ensures that the commercial strategies stream with the overall objectives of Gulf Medical Projects bring innovations in the solutions and services that will be provided to its customers. The diversified portfolio of healthcare service and investment makes this company. Modern state-of-the-art hospitals, clinics, and medical facilities operated by the company provide quality care to patients across the United Arab Emirates. With a focus on utilizing cutting-edge technology and maintaining high standards of patient care, Gulf Medical Projects enhances health outcomes in communities through accessible healthcare services.
Among the company’s outstanding success stories is the telehealth service, which has revolutionized the process of delivering health services. Telemedicine solutions have been integrated with Gulf Medical Projects, opening the avenues for patients to access medical consultation and treatment through remote platforms without compromising on convenience and accessibility. The benefit that one realizes in such innovation comes in handy by delivering care and services to vulnerable areas in real-time. Apart from hospitals, Gulf Medical Projects is constructing factories specialized in medicine production and establishing home healthcare centers. These steps suggest that the company is willing to expand its services and support the health sector. The company’s endeavors related to first aid training centers also reflect its interest in spreading health and safety knowledge.
Continuous investment in advanced technologies and adoption of best practice ensure that the company is positioned as a leader globally within the healthcare sector and underpins such outstanding success as has been achieved by Gulf Medical Projects Company. It’s built on foundations of quality, with patient-centric care driving its mission to deliver excellent healthcare services, yielding a noticeable impact on lives within communities.
The entrepreneurial vision of the company, allied with its leadership expertise, puts Gulf Medical Projects right at the helm of healthcare. During such years of growth and development, the company still maintains that its purpose remains consistent: improved health outcomes while delivering the best possible medical care to patients.
Entrepreneurs
Aldar Properties: Creating tomorrow’s Communities, Today
Aldar Properties was incorporated on January 12, 2004. Its shares were traded on the Abu Dhabi Securities Exchange in 2005. The first projects developed by this company defined Abu Dhabi’s prospective real estate arena. Among such projects are Al Raha Beach and Al Raha Gardens, bringing under the same roof residential and commercial, with several leisure facilities.
Despite its rapid expansion, Aldar had reached a critical point at the time of the global financial crisis in 2010, and it saw a reduction in its credit rating. Fortunately, in 2011, the Abu Dhabi government initiated a $5.2 billion bailout for the company, thereby securing the future of the company. In 2013, a merger was completed with one of Abu Dhabi’s leading property firms, Sorouh Real Estate, bringing Aldar several steps closer toward becoming a real estate power brand. Aldar penetrates beyond the UAE, as this company has large-scale ventures abroad. It co-invested with some of its key investments on these projects in Kazakhstan, namely the Palace of Peace and Reconciliation and Khan Shatyr Entertainment Center in Astana. These are the big gestures and developments that have aimed to position Aldar internationally as a top player in real estate.
In 2018, Aldar signed a strategic partnership with Emaar, the leading developer in Dubai. The deal marked that Aldar wanted to expand its business beyond Abu Dhabi into the Dubai real estate arena. By 2023, Aldar had indeed anchored itself further in Dubai by partnering with Dubai Holding for several high-profile projects.
Aldar’s most notable projects are in Abu Dhabi, and it has left an indelible mark on the skyline of the city. Yas Island is one of Aldar’s flagship developments, comprising the Yas Marina Circuit that played host to the Abu Dhabi Grand Prix, Ferrari World, and the five-star Yas Hotel Abu Dhabi. It is a tourist destination but also an excellent location to live and operate a business, coupled with a sense of community spirit. Key developments here include the Abu Dhabi Central Market (Souq) that is more of a modern day retail and leisure destination, while Al Mamoura hosts corporate and governmental offices. These are all part of the master plan for Aldar as it tries to achieve integrated urban spaces that enhance lifestyle for its residents and visitors.
Aldar has been on the forefront by embracing sustainability and robust real estate solutions with it. In the last few years, Aldar has spearheaded several initiatives that would reduce the carbon footprint of its developments and introduce sustainable design in them. Its property management services run the gamut from multi-family to commercial and ensure that the portfolio of property is diversified all over the UAE and further abroad. To date, Aldar’s success lies in its flexibility to adapt to the change in the market and consumer demands. The company has smart technology integrated into its properties, allowing residents and businesses to make things more convenient and accessible while retaining control over their environments.
As growth continues to develop the UAE, Aldar plays an acutely perceptible role in both residential and commercial infrastructure development. Its developments serve both the present and the future, making Abu Dhabi a global city of the future. Aldar is linked with Mubadala, the sovereign wealth fund and largest shareholder in the UAE, which could provide Aldar with at least financial support and strategic influence in pushing forward certain ambitious development projects that it undertakes.
Aldar has managed to build itself as a major real estate player in the global market today while grounded in Abu Dhabi and other developing international ventures. From luxurious residential communities to state-of-the-art commercial spaces, Aldar is not only building properties but lifestyles and shaping the future of the urban way of life. With a continued focus on innovation, sustainability, and partnership, Aldar would remain a leading player in real estate development for the next many years.
Entrepreneurs
ADIB: A Lifelong Financial Partner with a Global Presence
ADIB was established as a Public Joint Stock Company in May 1997 through Amiri Decree No.9 of 1997. Commercial operation started on November 1998 and was formally inaugurated by UAE’s Abdullah Bin Zayed Al Nahyan on April 1999. Its emergence comes at a time when the UAE was increasingly embracing the role of offering modern financial services that adhere to the principles of Islamic Shariah.
The bank started operations with paid-up capital of AED 1 billion, split into 100 million shares. ADIB has transformed as a financial institution of international standing, now managing aggregated assets of more than USD 34 billion, from its standalone status as a listed company on the Abu Dhabi Securities Market.
ADIB is an important player in the UAE and has also diversified into six strategic markets: Egypt, Saudi Arabia, the UK, Qatar, Sudan, and Iraq. In these global operations, ADIB provides the entire spectrum of banking services – personal, corporate, and private banking solutions. ADIB is moving forward to support businesses and communities across key regions with Shariah-compliant financial services for the needs of a specific market. One core strength of ADIB is that its principles adhere to Islamic Shariah. Unlike ordinary banking, ADIB makes sure all contracts, transactions, and dealings are carried out strictly in accordance with the provisions of Islam, thus following the tenets of ethical banking, free from the collection of riba or interest, and precedence. ADIB offers Murabaha (cost-plus financing), Ijara (lease-based financing), and Islamic covered cards in order to enable customers to tap into Shariah-compliant financial solutions without any compromise on their beliefs.
There are offerings across real estate, investment services, trade finance, and treasury solutions placed by the bank so that an individual as well as corporate customer gets access to an effective spectrum of Shariah-based financial tools suited specifically to their requirements.
ADIB adopted the rapid technological advancement to ensure it delivered world-class banking services in digital sense. The bank is famous for making the digital channels light, easy, and secure for customers to monitor their accounts and perform transactions over the internet. Digital transformation at ADIB is targeted to give a very personalized experience with strong focus on infusing old values along with modern banking comfort. Through its investments in digital innovation, ADIB has also helped grow its customer base. With over 60 branches spread throughout the UAE and an always-growing web-based platform, ADIB is in an ideal position to cater to evolving customer demands through a balance between human-centric services and the leading edge in digital tools.
The ADIB is much more than a bank in that it is a completely integrated provider of financial services. In addition to retail and corporate banking, the Bank includes brokerage services, property management, payment solutions, and insurance services via its group. These services offer customers a holistic approach to their finances-from investment opportunities to even wealth management and property transactions. ADIB remains steadfast in its mission of being the customer’s, colleagues, and communities’ lifelong financial partner. Its vision would be to lead the global Islamic banking industry by providing sustainable, innovative, and ethical financial solutions. With a focus on digitization, these customer services will form the core part of ADIB’s growing growth path in the forthcoming years.
Conclusion: Abu Dhabi Islamic Bank has clearly emerged as one of the market leaders in Islamic banking through innovative combinations of contemporary financial systems with traditional Shariah principles. With powerful and solid ground in both home as well as global markets, ADIB is rich with its aspiration to make common people and enterprises happier and more prosperous through efficient yet ethical forms of banking services.
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