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Sunday, May 19, 2024

Dubai Industrial City showcases manufacturing prowess


Dubai Industry City, a member of the Tecom Group, will showcase the strength of the UAE’s manufacturing industry at the second edition of the Ministry of Industry and Advanced Technology’s (MoIAT) Make it in the Emirates Forum.

Organized by MoIAT in partnership with the Abu Dhabi Department of Economic Development and the Abu Dhabi National Oil Company (Adnoc), the forum was held from 31 May to 1 June as part of the ‘Make it in the Emirates’ initiative under MoIAT’s National Industrial Strategy An extension of 300 billion operations.

The initiative aims to establish the UAE as a global hub for future industries and encourage investors, innovators and developers to manufacture their products locally, taking advantage of the favorable business environment and benefits.

Support operation 300 billion

Dubai Industry City will be present at the forum to support the 300 billion action and ‘Integrating it into the UAE Strategy’, as well as the Dubai Economic Agenda ‘D33’, which aims to double the size of Dubai’s economy over the next decade by fostering innovation and growth . foreign investment and encourage self-sufficiency in sectors such as manufacturing and logistics.

Malek Al Malek, Chairman, Tecom Group, will participate in a panel discussion on the first day of the Make it in the Emirates Forum, shedding light on enhancing industry competitiveness through R&D and technology.

Saud Abu Alshawareb, Executive Vice President, Industrial Leasing, Tecom Group, will participate in a panel discussion on ‘The Role of Industrial Zones’ at the UAE Forum. The panel will be held on the second day of the event to discuss the impact of industrial zones on the UAE’s manufacturing strategy.

global hub

Commenting on the role of Dubai Industry City in developing the UAE and Dubai’s manufacturing economy, Alshawareb said: “The 300 billion action and the Dubai Economic Agenda ‘D33’ are strengthening the business-friendly environment that has made the UAE and Dubai a hub for global investors for many years, Talent and manufacturing innovation.

“Dubai Industrial City is one of the largest fully equipped, purpose-built manufacturing and logistics ecosystems in the region and provides an environment that enables businesses to pursue sustainable growth in the region and beyond. We partner with public and private sector organizations The partnership offers multiple avenues for progress in the UAE and Dubai’s industrial sectors, and we look forward to raising awareness of these opportunities at this year’s Make it in the Emirates Forum.”

Manufacturing Center of Excellence

Established in 2004, Dubai Industrial City is one of the largest industrial manufacturing and logistics centers in the region. With more than 800 clients and 300 operating plants, its world-class master plan is organized into six industry-focused zones, encouraging collaboration and removing uncertainty from manufacturers’ supply chains.

Dubai Industry City will be participating in the ‘Make in the UAE’ forum with key clients who contribute to the economic goals of the UAE and Dubai through strategic manufacturing investments in the region.

Dubai Industrial City’s strategic location, transport connectivity options and alignment with the government’s roadmap will continue to create more such success stories in the UAE’s manufacturing sector, Alshawareb said, adding: “As a business enabler, we have recently MoIAT’s strategic partnership will further strengthen the UAE’s reputation as a global destination for future industry and promoting industrial decarbonisation.

financing project

“We are also strengthening our partnership with the Emirates Development Bank (EDB), which has approved more than AED513 million (US$140 million) in financing for projects and businesses located in our region by 2022. During the launch of the #MakeBrilliance initiative in Dubai Industrial City in December, EDB committed AED1 billion to our clients over the next three to five years, a partnership that will help foster a more competitive powerful industrial ecosystem.”

Make it in the Emirates is a platform for business and government to discuss opportunities, address challenges and explore the competitive advantages available in the UAE such as incentives, enablers, infrastructure, financing and partnerships. As one of the region’s key industrial events, the forum will focus on sustainable industrial development, carbon reduction and increasing the contribution of the industrial sector to climate action.

Dubai Industry City is part of Tecom Group’s portfolio of business districts, which includes Dubai Internet City, Dubai Media City, Dubai Studio City, Dubai Production City, Dubai Science Park, Dubai Knowledge Park, Dubai International Academic City and Dubai Design District (d3). — trade arab news agency


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