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“Made in the Emirates”… a national bet on empowerment and supporting the growth of future industrial sectors

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The Ministry of Industry and Advanced Technology was able to achieve a series of qualitative successes and outstanding results by organizing the “Make in the UAE” forum under the slogan “Investment.. Partnership.. Growth,” and the accompanying exhibition, which the ministry led in cooperation with the Department of Economic Development in Abu Dhabi and ADNOC, especially In terms of supporting the growth of national industries, enhancing their competitiveness, and enhancing a suitable and attractive business environment for investors in the industrial sector, with the announcement of the first batch of cooperation agreements worth 21 billion dirhams out of 110 billion dirhams committed by the leading companies in the country during the forum, which will be invested in the coming years in UAE industry and related sectors.

The forum and the accompanying exhibition, hosted by the capital, Abu Dhabi, over two days, was able to reflect a high national capacity in promoting the growth of the national industrial sector, and identifying a group of products that can be increased locally in the coming years, in a way that enhances qualitative production, and contributes about 6 billion dirhams annually in The country’s gross domestic product, benefiting from the superior legislative and legal environment that the UAE offers to industrial investors, and many incentives and competitive advantages that are only available in this organized form in the UAE.

Sophisticated legislative environment

In addition to this, the UAE has a legislative environment that represents one of the potentials for growth and industrial competitiveness, with high competitive standards in terms of transparency, the rule of law, and the ability of the economy to promote the growth and prosperity of business, in light of security, safety and stability, while the state allowed the foreign investor to fully own a percentage of 100% for companies in most sectors, most notably the industrial sector, which is a stimulating trend for more local and international industrial investments, in a manner consistent with ensuring the strategic industrial security of the state, and strengthening it with more strengths, such as advanced technology, applications and solutions of the Fourth Industrial Revolution.

Strategic goals

Since the announcement of the national strategy for industry and advanced technology, “the 300 billion project”, the Ministry of Industry and Advanced Technology has identified a set of strategic objectives to achieve, based on the state’s great capabilities and supportive of the industrial sector, most notably that it is the first country in the entrepreneurship index at the level of the region. The Middle East is also the first in the Arab world in industrial competitiveness, with its promising logistical and digital infrastructure, and the advantages and incentives it offers, which were presented in detail in the forum’s activities, most notably competitive financing, discounts on industrial land and many other possibilities.

The Ministry of Industry and Advanced Technology also seeks to stimulate innovation and adoption of advanced technology in industrial systems and solutions, in order to enhance the UAE’s position as a global destination for pioneering future industries, which constitute the main objectives of the national strategy for industry and advanced technology.

The ministry adopts a strategy within 3 main axes, aimed at enhancing productivity in priority industrial sectors, which achieve food and pharmaceutical security “such as the development of priority industries such as pharmaceuticals, food, medical and agricultural technology” through the strengthening of the existing industrial sectors in which the state has a competitive advantage “such as petrochemicals and minerals such as iron, aluminum, and plastics” in order to stimulate future industries, which include the hydrogen industry, aerospace industries, and others.

32 agreements

The “Make in the UAE” forum focused on these three sectors, and provided the participants with facilities, incentives and capabilities to support these trends, and 300 products were adopted, all related to this trend and the national strategy for industry and advanced technology, where 32 memoranda of understanding and cooperation agreements were signed between government agencies. And leading industrial companies, with billions of dirhams.

Among the most prominent of these agreements, the Abu Dhabi National Oil Company “ADNOC”, as a major driver of industrial growth in the UAE, signed agreements worth 21 billion dirhams with a number of local and international companies to provide a percentage of their needs that they plan to purchase from locally manufactured products and materials, such as Products related to mechanical and air conditioning products, piping products, fittings and valves, electrical, control and communication products, and those related to technological products.

In addition, PureHealth, Etihad Airways, Emirates Global Aluminium, Edge Group, Baker Hughes International for Industrial Services, Abu Dhabi Fund for Development, and “Tazez” participated in offers of the most prominent industrial growth opportunities, capabilities and incentives provided, in addition to many vital announcements and incentives. For manufacturers, which include reducing industrial fees on companies, reducing tariffs for services provided to the industrial sector, facilitating the entry of Emirati products to new markets with reduced customs tariffs, as well as facilitated financing through 7 national and foreign financing institutions.

Incentives and possibilities

Participating parties announced the provision of many incentives and enabling factors to the industrial sector in the country, in what resembles a national case aimed at improving the performance of the industry in the country towards more promising growth opportunities. Abu Dhabi, and 25% discounts on land and office rents provided by the Khalifa Industrial City “Kizad”, with a grace period of up to 18 months on land rents at the stage of establishing the factory in the “Tawazun” Industrial City, in addition to many other privileges such as the availability of infrastructure, Logistics, the ability to access new markets through new and expanded trade agreements, and buying opportunities from future demand in local markets. Access to concessional financing through 7 national and foreign financing institutions.