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Headquartered in the UK On Tuesday, industrial companies participated in a business roundtable hosted by the UAE Ministry of Industry and Advanced Technology in Abu Dhabi.
The meeting, aimed at strengthening bilateral business ties, was held on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (Adipec) 2022.
Business leaders met Omar Al Suwaidi, Deputy Minister of the Ministry.
In a statement, the ministry said Mr Al Suwaidi presented under the “Make it in the Emirates” initiative on the UAE’s foreign direct investment (FDI) value proposition, including incentives and support solutions.
Representatives from Adnoc, the Abu Dhabi Department of Economic Development, Abu Dhabi Investment Office and Taziz also spoke before the general discussion among the delegates.
Delegates also discussed the future of supply chain opportunities in a post-pandemic world, the statement said.
In 2021, the UAE announced Action 300 billion, a 10-year strategy to increase the industrial sector’s contribution to the country’s GDP to AED 300 billion and strengthen the “Made in the UAE” initiative .The goals of these two initiatives are to change country Become a manufacturing powerhouse.
Abu Dhabi sovereign wealth fund Mubadala signed a £10bn ($11.31bn) deal in Downing Street last year to expand the UAE-UK sovereign investment partnership.
Over the next five years, the UAE-UK partnership will aim to drive a significant increase in investment in three areas: technology, infrastructure and energy transition.
September 2021, UK Department of Business, Energy and Industrial Strategy and UAE Department of Industry and Advanced Technology Sign a preliminary agreement unite in a wide range of fields. These include developments in the life sciences, space, hydrogen and wider industrial sectors, including supply chain resilience, regulations and standards.
Updated: 11/1/2022 6:23pm
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