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Dubai Industry City (DIC), a member of Tecom Group PJSC, has signed three strategic partnerships to attract international manufacturers to strengthen the UAE and Dubai’s industrial ecosystem.
The deals were signed with the Ministry of Industry and Advanced Technology (MoIAT), Ministry of Climate Change and Environment (MoCCAE), Emirates Development Bank (EDB) and Dubai Department of Economy and Tourism (DET) to stimulate economic growth in the UAE. Strengthen the UAE’s position as a sustainable, attractive global industrial hub.
Expand local and regional opportunities
These agreements will expand opportunities for local and regional industrial growth through Dubai Industrial City’s purpose-built ecosystem, creating a multi-pronged approach that fosters collaboration between the public and private sectors to address advanced manufacturing, sustainability and Economic priorities such as food security. In addition, EDB will provide AED 1 billion (US$ 270 million) in financing for DIC’s clients.
Senior officials and VVIPs attended the signing ceremony at Jumeirah Emirates Towers, Dubai on May 3, 2023, including Omar Al Suwaidi, Undersecretary, Ministry of Industry and Advanced Technology; Eng Mohammed Alameeri, Food Diversity, Ministry of Climate Change and Environment Assistant Deputy Minister; Ahmed Al Naqbi, CEO, UAE Development Bank; Hadi Badri, CEO, Dubai Economic Development Corporation – Dubai Department of Economy and Tourism; Abdulla Belhoul, CEO, Tecom Group; Saud Abu Alshawareb, Executive Vice President, Industrial Leasing, Tecom Group.
These agreements are in line with the long-term goals of the 300 billion action, “Making it happen in the UAE”, “National Food Security” and the UAE’s 2050 Net Zero Strategy to develop the UAE’s industrial sector and increase its domestic value and global exports, as well as the Dubai Economic Agenda “D33”, To promote sustainability, innovation and foreign investment in local manufacturing.
key pillar
Al Suwaidi said: “MoIAT is proud to support the Make Brilliance campaign, which aligns with the goals of the Make it in the Emirates initiative – one of the key pillars of our industrial sector and an important contributor to the growth and diversification of the UAE economy By. Through the Make it in the Emirates programme, we are building a strong industrial community of local and international companies that contribute to the growth and diversification of the UAE’s economy.
“Our partnership with DIC will further strengthen this community and its links with international stakeholders, helping to cement the UAE’s reputation as a global destination for the industry of the future. MoIAT is committed to working with partners to support us as a global The country’s reputation as a manufacturing destination. This month’s Make it in the Emirates Forum will be an important platform for our national businesses to connect with international partners to discuss opportunities and advance the conversation around sustainable industrial development. We look forward to introducing more enablers and incentives, and highlight the UAE’s unique value proposition.”
Alshawareb said the agreements would pave the way for DIC to secure the expansion of its industrial and logistics sector in Dubai and the UAE.
growth strategy
“Developing industry and logistics is critical to the UAE’s growth strategy. Dubai’s logistics network and business-friendly legislation make it an attractive industrial hub. As one of the largest industrial ecosystems in the region, we aim to Taking the industry to the next level, unlocking core market value and attracting international investors in line with the 300 billion Action “Make in UAE” and the Dubai Economic Agenda “D33″. With key government entities such as MoIAT, MoCCAE, EDB and Dubai DET The partnership will ensure that our efforts strengthen the UAE’s position as a global industrial hub, encouraging future investment,” Alshawareb added.
Strengthen the national manufacturing industry
DIC is forming a long-term partnership with MoIAT and EDB to drive the “Make in UAE” initiative under Action 300 billion, which invites investors, innovators and developers to participate in national industrial and advanced manufacturing to export UAE products to New global markets.
As part of a tripartite agreement signed during the event, MoIAT, EDB and DIC will collaborate to strengthen the UAE’s reputation as a global destination for industries of the future. MoIAT will invite Dubai Industry City as a private sector partner to jointly advance the ‘Made in UAE’ economic priority at local, regional and international events.
The joint efforts to develop the UAE’s manufacturing and industrial sector will be strengthened as DIC renews its partnership with EDB to secure AED1 billion in financing for its clients. Both entities will support the development of advanced and sustainable manufacturing and logistics in the UAE by providing innovative financing and banking solutions to SMEs.
Al Naqbi said: “Today’s signing of this MoU underscores the important role of the EDB in strengthening the resilience and competitiveness of the UAE’s economy. In 2022, the EDB has approved AED513.4 million to finance projects and businesses located in the DIC.
“We are proud to be part of DIC’s #MakeBrilliance campaign, which reinforces the UAE’s commitment to innovation and excellence in industrial manufacturing. Our commitment to provide businesses in the region with AED1 billion over the next three to five years represents The significant increase in capital heralds the dawn of a new era of industrial financing to help deliver innovative products made in the UAE.
“Through strategic partnerships with key players such as MoIAT and Dubai Industry City, EDB identifies development projects and deploys capital efficiently and quickly. Our partnership helps drive resilience and growth in the UAE’s industrial landscape as we The partnership stands out and continues to support projects that contribute to the nation’s economic growth and competitiveness.”
New partnership with MoCCAE and DET in Dubai
Dubai City of Industry and MoCCAE signed an agreement to promote food security in support of the National Food Security Strategy 2051. Both parties will promote the use of advanced technologies to strengthen the local food production sector and emphasize the importance of innovation, knowledge sharing and nutritional security.
Eng Alameeri emphasized that all partners support the UAE’s competitiveness and achieve its goal of enhancing food security based on environmentally friendly and climate-smart innovative solutions and modern technologies.
He added: “As the UAE hosts the twenty-eighth meeting of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28), and in alignment with the Year of Sustainable Development, we emphasize that, through our strategic partnership with Dubai Industries, the city , to strengthen the UAE’s ranking in the global food security index and transform it into an innovation-based food security hub. The UAE aims to become the best country in the global food security index by 2051 by adopting modern technologies and technologies , strengthen local production, and develop local and international partnerships to diversify food sources.”
Sustainability remains a key pillar of DIC and the UAE’s overall manufacturing roadmap, and the agreement signed between DIC and MoCCAE will contribute to the decarbonization of the industrial sector. The two parties will work together to implement environmental laws and decrees, and facilitate the UAE carbon registry and credit mechanism to support the decarbonization of the industrial and logistics sectors under the UAE’s 2050 Net Zero Emissions Strategy.
The agreement with Dubai DET will contribute to Dubai’s economic agenda “D33” by attracting foreign direct investment in manufacturing and logistics. By showcasing the ecosystem’s ready-to-use products to a global audience, Dubai Industry City aims to attract international manufacturers to set up and export in Dubai and the UAE.
Badri said: “As Dubai’s Ministry of Economy and Tourism, we are committed to leveraging Dubai’s advanced public-private partnership model to achieve the Dubai Economic Agenda ‘D33’ and will bring together a range of stakeholders to contribute to its success. We are focused on the future A set of core priorities for the decade, including enhancing value addition in the industrial sector and boosting export growth, establishing a framework for sustainable economic development, and achieving self-sufficiency in a number of key sectors and industries, including manufacturing.”
Launch #MakeBrilliance
The event also kicked off DIC’s #MakeBrilliance campaign, which will elevate the industrial hub’s global standing. MoIAT, MoCCAE, EDB and DET in Dubai will expand the event at global, regional and local events.
Established in 2004, DIC is one of the largest industrial manufacturing and logistics centers in the region. It has more than 800 customers and 300 operating plants. It has been a catalyst for the growth and expansion of the UAE’s industrial sector, with a world-class masterplan organized into industry-focused zones including Mining, Base Metals, Catering, Trading and Distribution, Transport, Chemicals, and Machinery and Equipment. — trade arab news agency
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