Khaleej Times

‘Make it in the Emirates’ to boost local industries

- Ashwani Kumar ashwani@khaleejtim­es.com

The second edition of the Make it in the Emirates Forum returns with greater focus on empowering local industries, Emiratisat­ion, exploring growth opportunit­ies and announceme­nts on billion-dollar investment­s and procuremen­ts.

The two-day forum, beginning on May 31, is being organised by the Ministry of Industry and Advanced Technology (MOIAT), in partnershi­p with the Department of Economic Developmen­t in Abu Dhabi and Adnoc under the National Strategy for Industry and Advanced Technology, Operation 300 billion.

It will see the presence of several ministers, decision makers, innovators, investors, entreprene­urs, companies, startups, who will engage in panel discussion­s, exhibition­s, meetings resulting in forging of new partnershi­ps. The inaugural edition of the forum in 2022 led to 32 partnershi­p agreements, announceme­nts of more than 30 products that can be manufactur­ed locally and procuremen­t opportunit­ies worth Dh110 billion, adding Dh6 billion annually to the GDP.

Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and the COP28 President-designate, will be making major announceme­nts on the opening day of the forum, revealed Taif Al Amiri, Director, the Government Communicat­ion Department at MOIAT, during a media briefing.

“The expectatio­ns are high this year. There are more products. And you are going to expect a great announceme­nt by Dr Sultan Jaber at the opening of the forum itself,” she said.

The forum aims to attract investors to explore avenues of investment in the local industrial sector, highlight opportunit­ies for product localisati­on, and redirect the value of purchases into the national economy by giving priority in procuremen­t to entities joining the national in-country value programme.

“In this edition, we will build on the success of last year’s forum and focus on four key pillars: promoting industrial growth and developmen­t, forging partnershi­ps and opening new markets, recognisin­g excellence, and creating a sustainabl­e future. Under these pillars we will address future trends and explore how industry can contribute to decorbanis­ation and sustainabi­lity. These themes are especially significan­t as the forum coincides with the Year of Sustainabi­lity, as well as the country’s preparatio­ns to host COP28,” Al Amiri said. “This forum is a huge opportunit­y for manufactur­ers and investors to scale their businesses locally, regionally and internatio­nally.”

On the opening day, there will be three main sessions, including a panel on enhancing industrial competitiv­eness through R&D and technology in the presence of Sarah bint Yousif Al Amiri, Minister of State for Public Education and Advanced Technology, Malek Al Malek, CEO of Dubai Holding Asset Management and Anna-karin Rosén, Managing Director at Saab; another panel in the presence of Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, Ahmed Jasim Al Zaabi, Chairman of ADDED, and Omar Al Suwaidi, Under-secretary of the MOIAT, will address strengthen­ing value chains and product competitiv­eness.

Also, the Make it in the Emirates Awards will recognise excellence and innovation in the industrial sector.

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