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Khalifa Fund backs two UAE businesses on ‘Make it in the Emirates Forum’


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2023-06-02 13:40 yes

Abu Dhabi [UAE]June 2 (ANI/WAM): Khalifa Enterprise Development Fund will support two United Arab Emirates Businesses participated in the much-anticipated “do in uae”, a prominent industry event that brings together government entity, industry leader, Financial Institutions, SMEss, discuss with investors Investment Opportunitiespromote local content, and enable sustainable manufacturing.
Khalifa Fund will actively participate in the forum, showcasing Businesses: Jaber AlKhyeli of Glass Tech Factory and Ayedh AlMansoori of Al Emaar Cement Products Factory.
Khalifa Fund aims to support Businesses through such as ‘do in uae‘ to foster entrepreneurship and promote sustainable economic growth in the country.
Alia Al Mazrouei, Chief Executive Officer, Khalifa Enterprise Development Fund, commented: “We are proud to support these outstanding United Arab Emirates Businesses because they participated in ‘do in uae‘ Activity.
At Khalifa Fund, we believe in the potential of local entrepreneurs and their ability to contribute to the growth and development of the manufacturing industry.Through our partnership with the Industrial Development Board, we aim to provide the necessary resources and support to help these Businesses thrive and succeed. “

“The forum provides a platform for companies to discover manufacturing United Arab Emirates Their regional hubs, which provide access to new markets and showcase the latest sustainable and advanced technological developments, encourage companies to prioritize locally manufactured products United Arab Emirates.
Apart from attending Businesses showcase their innovative products, there will be a signing ceremony between the Khalifa Fund and the Industrial Development Board (IDB), Abu Dhabi The Department of Economic Development (ADDED) is responsible for the development of the industrial sector Abu Dhabi. This partnership allows SMEs (SMEss) Apply for the Smart Manufacturing Incentive Program (SMIP) through the Khalifa Fund Tamm service, simplifying the application process and providing them with the necessary support in their transition to adopting Industry 4.0 applications.
In response, Al Mazrouei said: “The launch of SMIP and the establishment of the Smart Manufacturing Competence Center Abu Dhabi Marks an important step forward in our journey towards smarter manufacturing.
“By transforming 30% of our existing industry SMEsTo adopt an Industry 4.0 approach over the next five years, we are increasing productivity, accelerating technology adoption and enhancing Abu Dhabiglobal competitiveness”.
The Smart Manufacturing Incentive Program will drive growth and innovation in our local industry and contribute to the overall economic diversification of our emirate.Furthermore, the establishment of the region’s first Smart Manufacturing Competence Center consolidates Abu DhabiPosition as a leading hub for Industry 4.0.These pioneering initiatives complement the Abu DhabiStrive to shape a diversified, intelligent and sustainable economy that thrives in the Industry 4.0 era. “
Arafat Al Yafei, Executive Director of the Industrial Development Board (IDB), said: “This innovative program will enable SMEsContribute to the achievement of ambitious goals Abu Dhabi industrial strategy and strengthen the emirate’s position as the most competitive industrial hub in the region, with a special focus on human development, sustainability and the smart economy”.
“As such, we are introducing initiatives, incentive schemes, and partnerships with leading industrial powerhouses to ensure our attractiveness Business and investment ecosystem. “(ANI/WAM)


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