Emirates News Agency – Ministry of Industry and Advanced Technology launches ‘Do it in the Emirates’ forum

ABU DHABI, 15th June, 2022 (WAM) — The Ministry of Industry and Advanced Technology (MoIAT) will host the Do It in the Emirates Forum on June 21st and 22nd, which will bring together a large number of local and international industrial companies, government authorities, financial institutions and investors.

Organized in partnership with the Abu Dhabi Economic Development Department (ADDED) under the slogan “Invest, Partner, Grow”, the Forum will be an important platform to showcase local investment opportunities in the industrial sector in order to stimulate the national industrial sector, which is a key driver of the economic diversification of the United Arab Emirates (UAE).

The forum will bring together over 1,300 representatives from investment firms, financial institutions, national companies and public sector organizations, and over 20 keynote speakers on topics such as industrial growth strategies.

During the forum, large national companies will present billions of dirhams of investment opportunities in various fields, including defense, petrochemicals, metallurgy, household appliances and electrical equipment, rubber and plastics, pharmaceuticals and medical products.

A number of memorandums of understanding, commercial agreements and industrial partnerships will be signed at the event.

The authorities will introduce incentives such as significant access to capital financing, with flexible repayment terms, low interest rates and other financing solutions.

The forum will feature sessions that will shed light on key topics including investment opportunities in the industrial sector, projected demand for products and services, and the future of the industry.

The forum comes two years after the outbreak of the COVID-19 pandemic, when the UAE’s response, including through its industrial strategy, has shown to be resilient. Since 2020, the UAE’s industrial exports have risen from AED82 billion to AED116 billion despite global economic headwinds and supply chain issues. The contribution of the industrial sector to the national GDP reached AED 150 billion at the end of 2021.

The Ministry of Industry and Advanced Technology pays special attention to supporting the growth of the industrial sector and increasing its contribution to the national GDP. One of the ministry’s key initiatives is the National Country Value (ICV) program, which achieved impressive results in its first year of implementation, redirecting more than AED41 billion into the national economy.

The forum will be attended by various well-known organizations, including Abu Dhabi Department of Economic Development (ADDED), Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company, Etisalat, ADQ, Aldar Group, EDGE Group, TAQA, Emirates Steel, Etihad Rail, Emirates Global Aluminum, Etihad Airways, Masdar, Emirates Nuclear Energy Corporation, Tawazun Economic Council, Pure Health, various UAE chambers of commerce, Nafis program and others.

In addition, seven major financial institutions will showcase their competitive finance solutions, including the Emirates Development Bank, First Bank of Abu Dhabi, Abu Dhabi Commercial Bank, Etihad Credit Insurance, Abu Dhabi Development Fund, Abu Dhabi Islamic Bank and Standard Chartered .

In addition, more than 24 companies will take part in a special exhibition space where they will present their investment opportunities; while financial institutions will introduce a range of incentives to help investors take advantage of these opportunities.

Translation: Merwat Mahmud.