MoIAT, Ras Al Khaimah Economic Zone collaborate to promote industrial growth and investments

MoIAT, Ras Al Khaimah Economic Zone collaborate to promote industrial growth and investments

ABU DHABI, 19th January, 2023 (WAM) -- The Ministry of Industry and Advanced Technology (MoIAT) and Ras Al Khaimah Economic Zone (RAKEZ) today signed a Memorandum of Understanding (MoU) to boost collaboration with the aim of accelerating the adoption of advanced technologies among industrial companies and enhancing the UAE’s appeal as an investment destination.

Omar Suwaina Al Suwaidi, Under-Secretary of the Ministry of Industry and Advanced Technology, and Ramy Jallad, CEO of RAKEZ, signed the agreement on the sidelines of Abu Dhabi Sustainability Week (ADSW) in the presence of Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology.

Al Suwaidi said, “Our MoU with RAKEZ aligns with our commitment to boosting collaboration with government and private sector entities to drive the progress of our industrial sector. It serves the objectives of our national industrial strategy, Operation 300bn, to help create an attractive business environment for domestic and international investors looking to invest in the industrial sector. It also supports our objectives to enhance the growth and competitiveness of national industries, leverage innovation and advanced technologies in developing industrial solutions, and help transform the UAE into a global hub for future industries.”

He added, “Through such partnerships, we seek to encourage