Taronga Group activates the real asset technology market in the UAE

UAE real estate and infrastructure owners and partners have signed commercial agreements with global technology companies, as part of a visiting delegation from 9-11 December 2024.

The delegation was supported by global technology investor Taronga Group and the UAE Embassy in Australia, following the signing of the Comprehensive Economic Partnership Agreement (CEPA) between Australia and the UAE in November 2024.

“The Middle East is the strongest global market for real asset technologies. We are seeing immense demand for the types of solutions that our portfolio companies offer, and it is the depth of this commitment to innovation that will continue to support their market expansion into the region.”

Jonathan Hannam, Co-founder & Managing Partner, Taronga Group

The UAE, KSA and broader GCC currently have an unprecedented US$1.68 trillion real asset development pipeline (Source: CBRE). Advanced technologies are required to deliver this scale of real estate and infrastructure development, as well as the high levels of economic, social and environmental performance targeted by sponsoring governments and investors.

Real asset technologies will also play an essential role in the long-term economic transition of GCC countries from hydrocarbon economies to low-carbon economies, by transforming the underlying real estate and infrastructure assets that support industry.

Backed by global institutional investors including Abu Dhabi based developer Aldar, Taronga Group supports its technology portfolio companies with capital investment, strategic expertise and access into priority international markets – leading to its current focus on the GCC.

Each of the 7 global technology companies have existing customers and partners and case studies of innovation projects delivered in the UAE and broader GCC. The companies include:

  • PowerStack – Solar energy generation poles used to power lighting, security, cell towers and remote connectivity applications
  • Liftango – On-demand shared transport technology that improves the efficiency and sustainability of transport in cities and precincts
  • Trendspek – 3D modelling platform powered by drone-captured data to enable digital inspections and interactive reporting for property and infrastructure assets
  • Calumino – Low-cost thermal sensors for mass market applications across healthcare, smart buildings, fire safety and the automotive industry
  • CarbonCure – Technology for the concrete industry to permanently embed recycled CO₂ into concrete to reduce the carbon footprint without compromising performance
  • Ampd Energy – Advanced battery energy storage systems that replace diesel generators on construction sites to provide cleaner, quieter and data rich power
  • OpenSpace – 360-degree photo documentation software for construction that provides jobsite analytics to improve transparency and efficiency
    .

During the visit, during Abu Dhabi Finance Week, Taronga Group also launched a white paper “RealTech: Amplifying the Future Growth of the GCC”. The paper considers future impacts of technology on the GCC real estate and infrastructure sectors, commentary from institutional real asset investors, including Mubadala & PGIM Real Estate, and case studies of innovation projects delivered in market.

Case studies covered in the paper include OpenSpace’s reality capture of Expo City, Dubai, Ampd Energy’s battery implementation for construction projects in Palm Jumeirah, Dubai and CarbonCure’s installation of low carbon concrete technology with Emirates Beton in Mussafah, Abu Dhabi.

Download the white paper for full commentary and case studies: https://info.tarongagroup.com/realtech-gcc-paper.


About Taronga Group

Taronga Group is one of the world’s leading technology investors focused on driving innovation across real asset sectors such as real estate and infrastructure. The group consists of Investment Funds, the RealTechX innovation programs, and Institutional Advisory, providing institutional real asset owners and operators strategic investment, access and advice across technology and sustainability. Taronga Group’s funds are backed by leading global institutional investors and major real asset owners and operators including APG, CDPQ, CBRE Inc., Qantas Super, PGIM Real Estate, Mitsubishi Corporation, Nomura Real Estate, Patrizia AG, Dexus, Grosvenor Estate, amongst others. Taronga Group covers markets across Asia-Pacific, North America, Europe and the Middle East. Learn more about Taronga Group.

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