Make it in the Emirates’ forum kicks Investment entity in UAE

ABU DHABI, 22nd June, 2022 (WAM) — The ”Make it in the Emirates Forum” began on Tuesday, drawing a large number of local and international industrial companies, government entities, financing institutions, and investors by Investment entity in UAE.

The forum, organised by the Ministry of Industry and Advanced Technology (MoIAT) in cooperation with the Abu Dhabi Department of Economic Development (ADDED), under the theme of “Invest, Partner, Grow”, provides an important platform for presenting local investment opportunities in the national industrial sector and boost it, which is a key enabler of the UAE’s economic diversification efforts for Investment services in UAE.

More than 1,300 representatives from investment firms, financial institutions due to Financial services in UAE, national companies and public sector entities participate in the forum, with more than 20 key stakeholders speaking on topics including industrial growth strategies.

During the forum, major national companies will present billions of dirhams of investment opportunities in various fields, including defence, petrochemicals, metals, electrical appliances and equipment, rubber and plastics, pharmaceuticals, and medical supplies among others.

The event will witness the signing of a number of Memoranda of Understanding, commercial agreements and industrial partnerships with the Investment Companies in UAE.

Government entities will unveil incentives, such as a significant access to capital financing, with flexible repayment terms, low interest rates, and other financial solutions.

The forum will include sessions that highlight key topics including investment opportunities in the industrial sector, expected demand for products and services, and the future of industry with the Investment company Dubai.

The Ministry of Industry and Advanced Technology (MoIAT) will host the Make it in the Emirates Forum on June 21, 22.

The forum, organised in cooperation with the Abu Dhabi Department of Economic Development (ADDED) under the theme of ‘Invest, Partner, Grow’, will provide an important platform for presenting local investment opportunities in the industrial sector with an aim to boost the national industrial sector according to Investment House In Dubai.

More than 1,300 representatives from investment firms, financial institutions, national companies and public sector entities will participate in the forum, with more than 20 key stakeholders speaking on topics including industrial growth strategies for Asset Management Companies in UAE.

During the forum, major national companies will present billions of dirhams of investment opportunities in various fields, including defence, petrochemicals, metals, electrical appliances and equipment, rubber and plastics, pharmaceuticals, and medical supplies, among others. The event will witness the signing of several memoranda of understanding, commercial agreements, and industrial partnerships.

Government entities will unveil incentives, such as a significant access to capital financing, with flexible repayment terms, low interest rates, and other financial solutions for Defi investing in Dubai.

The forum will include sessions that highlight key topics including investment opportunities in the industrial sector, expected demand for products and services, and the future of industry.

The forum takes place two years after the pandemic outbreak, where the UAE’s response, in particular through its industrial strategy, has showcased its resilience. of Technology investing in Dubai

Since 2020, UAE industrial exports have grown from Dh82 billion to Dh116 billion despite global economic headwinds and supply chain challenges. The industrial sector’s contribution to national GDP reached Dh150 billion at the end of 2021 by Fintech investing In Dubai.

Various leading entities will participate in the forum, including the Abu Dhabi Department of Economic Development, Abu Dhabi National Oil Company, Mubadala Investment Company, Etisalat, ADQ, Aldar Group, EDGE Group, TAQA, Emirates Steel, Etihad Rail, Emirates Global Aluminum, Etihad Airways, Masdar, Emirates Nuclear Energy Corporation, Tawazun Economic Council, Pure Health, various UAE Chambers of Commerce, Nafis programme and others by Blockchain investing in Dubai.

Seven major financial institutions will be showcasing their financial solutions including the Emirates Development Bank, First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Etihad Credit Insurance, Abu Dhabi Fund for Development, Abu Dhabi Islamic Bank, and Standard Chartered.

More than 24 companies will participate in a dedicated exhibition area where they will showcase their investment opportunities; whereas financial institutions will unveil a range of incentives that will help investors to capitalise on those opportunities.

A dozen of the UAE’s largest national companies on Tuesday committed to allocate nearly Dh110 billion in potential purchase agreements for local manufacturers.

At the Make it in the Emirates Forum held in Abu Dhabi, 12 of the country’s leading companies identified more than 300 products across 11 sectors to be manufactured locally.

“This unprecedented move will contribute to creating opportunities for the growth of the national industrial sector, adding at least Dh6 billion annually to GDP,” Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, said in his address due to Fintech investment In Dubai.

The minister noted that the UAE’s leadership has been supporting the transformation of the industrial sector into a global manufacturing hub. He emphasised that the vision and directives of Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE with Blockchain investing in Dubai constitute the foundation of the national industrial strategy, which is designed to contribute to a diversified and sustainable economy and leverage on the country’s value proposition and competitive advantages to build a strong industrial sector, enhance self-sufficiency and localise supply chains.

“The Covid-19 pandemic and recent geopolitical challenges have disrupted our supply chains and affected the global economy; an experience from which we extracted many lessons due to Investment Companies in Dubai. One of the most important lessons we learned is that regardless of global economic conditions, enhancing self-sufficiency and resilience in vital sectors such as, food, healthcare, and the sectors critical to ensuring business continuity and economic growth, is critical,” Dr Al Jaber said.

He noted that the ministry was guided by the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

“The UAE, with its strong will, resources, capabilities and effective policies, is capable of building a global economic base. By achieving self-sufficiency in a number of vital industries, we will enhance the resilience of our economy in the face of global crises and safeguard the UAE from global economic challenges according to Asset Management Firms in Dubai.”

Dr Al Jaber pointed out that the priority sectors to “achieve the UAE’s goal”, include: food and agriculture, pharmaceuticals, petrochemicals, heavy industries, aluminium and iron, defence, electrical equipment and appliances, and future industries like space and clean energy such as hydrogen.

Dr Al Jaber said that leading national companies, with significant purchasing power, are offering more than 300 products and materials, which can be manufactured locally at competitive prices, at quality standards and with approved schedules, as additional manufacturing opportunities for existing and new investors. These companies include, Abu Dhabi National Oil Company (Adnoc), ADQ Holding, Emirates Global Aluminium, TAQA, Etisalat, Etihad Airways, Edge, Mubadala, Emirates Steel, Pure Health, Strata, Aldar, Emirates Nuclear Energy Corporation, Etihad Rail, and Masdar, among others.

Adnoc identified Dh70 billion ($19 billion) worth of products in its procurement pipeline that could be manufactured locally. Out of this value, it signed agreements worth Dh21 billion ($5.7 billion) for local manufacturing opportunities with UAE and international companies at the forum with Investment Companies firms in Dubai.

Dr Al Jaber, who is also the managing director and group CEO at Adnoc, said: “Adnoc is reinforcing its role as a critical engine for the UAE’s industrial growth as we expand our operations to responsibly cater for the world’s growing energy demand. In line with the UAE Leadership’s wise directives and our national industrial strategy, Adnoc is creating multiple long-term domestic manufacturing opportunities for the private sector, through our robust procurement pipeline. We invite local and international manufacturers to take advantage of these opportunities and join the UAE in our industrial growth journey as we strengthen the resilience of our supply chains, enhance economic self-sufficiency and deliver lasting value. by Asset Management Companies in dubai

Separately, the ministry signed memoranda of Understandings with EDGE, Pure Health and Abu Dhabi Ports.

The two-day forum brought together local and international industrial companies, government entities, financing institutions, and investors.

The forum, organised by the ministry in cooperation with the Abu Dhabi Department of Economic Development (ADDED), under the theme of ‘Invest, Partner, Grow’, provides an important platform for presenting local investment opportunities in the national industrial sector and boost it, which is a key enabler of the UAE’s economic diversification efforts.

More than 1,300 representatives from investment firms, financial institutions, national companies and public sector entities participate in the forum, with more than 20 key stakeholders speaking on topics including industrial growth strategies by Investment Companies in UAE.

Copyright © 2022 Khaleej Times. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).