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ABU DHABI, 1st June, 2023 (WAM) — Abu Dhabi’s industrial sector is set to get a boost with eight new projects announced at the UAE Forum. The Abu Dhabi Investment Office (ADIO) and its partners have signed MoU agreements with high-growth companies covering key sectors including manufacturing, banking, oil and gas, pharmaceuticals and healthcare, which will accelerate the UAE capital’s manufacturing base development of. During the forum, ADIO also signed an agreement with the Abu Dhabi Islamic Bank (ADIB) to support the industrial sector.
Abu Dhabi’s ambitious industrial strategy aims to double the sector’s GDP contribution by 2031, leveraging strong enablers such as infrastructure, competitive operating costs, regulations to facilitate business development and access to finance. Projects announced by KEZAD Group, Infinity Green, Vitamol, ADAFZ, A2N Holdings, EMIC, Mark AB Capital Investment, SuperJet International, Oil Man, United Eastern Group, Orion Italy and Petrona Gulf DWC will significantly enhance Abu Dhabi’s industrial ecosystem .
project. Abdulla Abdul Aziz AlShamsi, Director General of ADIO, said: “The UAE continues to advance its strategy of placing advanced manufacturing at the heart of its economy. ’s exceptional connectivity continues to create unparalleled opportunities for investors. We welcome the newest cohort of industrial companies to Abu Dhabi and look forward to working with our government partners to support their continued success in the UAE’s capital.”
The projects were announced at the Make it in the Emirates Forum on ‘Investment, Sustainability, Growth’ held in Abu Dhabi from May 31 to June 1, co-organized by the Ministry of Industry and Advanced Technology (MoIAT) In partnership with the Abu Dhabi Department of Economic Development (ADDED) and ADNOC. The event brought together decision makers, experts, entrepreneurs, financial institutions and investors from the industry to strengthen cooperation and explore new opportunities for industrial cooperation. It also highlights the potential to localize products by redirecting local sourcing to the national economy and prioritizing bids for companies participating in the country’s Domestic Value (ICV) scheme.
Omar Al Suwaidi, Deputy Minister of Industry and Advanced Technology, said: “These projects represent a major milestone in our pursuit of sustainable industrial development, supporting Abu Dhabi’s position as a manufacturing powerhouse. This status is supported by the UAE’s strategic location and Backed by a unique value proposition, they serve as great magnets for industrial investment, offering unparalleled opportunities for growth. Our nation prides itself on delivering state-of-the-art infrastructure and nurturing priority sectors and industries of the future.”
The MoU signed by ADIO during the forum will power the next wave of growth in Abu Dhabi’s industrial sector.
A2N Holdings LLC, an Abu Dhabi-based company with an extensive portfolio in healthcare and distribution, is embarking on a groundbreaking investment to establish the first fully integrated state-of-the-art IV solutions manufacturing in the UAE factory.
Emirates Investment Corporation (EMIC), a diversified investment company with a portfolio spanning a range of industries including aviation, hospitality, facilities management, oil and gas and retail, will build a ground-breaking solar manufacturing facility in Mussafah that will use Cutting-edge automation technology for manufacturing solar products from cells to panels.
Infinity Green, a subsidiary of India’s Sathi Group, has been bringing green solutions to the UAE for two decades. The leading cement manufacturer has signed a Memorandum of Understanding with the KEZAD Group to establish the Gulf region’s first fully automated integrated glass recycling plant at KEZAD Al Ma’mourah.
Pioneering UAE-based company Oil Man has signed a Memorandum of Understanding to establish a state-of-the-art facility for the design and manufacture of advanced drilling tools and pipeline repair equipment. This initiative underscores their role as technology owners and developers, contributing to the growth of local industry.
Memorandum of Understanding between UAE-based private equity firm Mark AB Capital Investment and Italy-based Italian airline SuperJet International (SJI) to support the development of the UAE’s civil aviation industry through the establishment of a National Aeronautics and Space Agency – Art installations in Al Ain .
Vitamol, a researcher and manufacturer focused on producing high-quality functional powder products, created through its trademarked Molecular Dispersion technology, has signed a Memorandum of Understanding with Abu Dhabi Airport Free Zone (ADAFZ) to establish a first-of-its-kind A research and manufacturing facility within ADAFZ for pharmaceutical applications and global export of local camel milk powder.
United Eastern Group, in partnership with Orion Italy and Petrona Gulf DWC, will establish a United Clad Technology manufacturing facility in Abu Dhabi to produce composite pipe, fittings, flanges, valves and elbows for the oil and gas industry.
The MoU signed with Abu Dhabi Islamic Bank (ADIB), the leading Abu Dhabi-based and Abu Dhabi-listed bank in the UAE, will support domestic players and investors in the industrial sector.
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