Make it in the Emirates forum concludes with signing of 32 industrial partnership agreements

  • Date: 24-Jun-2022
  • Source: Zawya
  • Sector:Industrial
  • Country:UAE
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Make it in the Emirates forum concludes with signing of 32 industrial partnership agreements

- AED 110 billion of offtake agreements unveiled

- Event witnessed the announcement of promising opportunities across 11 industrial sectors

- Forum identified 300 products to be manufactured locally, contributing AED 6 billion to GDP annually

- Agreements set to leverage purchasing power of 12 leading national companies

Abu Dhabi, UAE:- The Make in the Emirates Forum, organized by the Ministry of Industry and Advanced Technology (MoIAT) in cooperation with the Abu Dhabi Department of Economic Development (AD DED), has concluded with the signing of 32 agreements between government entities, industrial companies, and financing institutions. 1,800 stakeholders from the industrial sector and investors and 24 leading companies participated in the forum.

Leading national companies announced a commitment of AED 110 billion in potential purchasing agreements for existing and new partners. The forum included an exhibition highlighting opportunities and incentives across more than 11 priority sectors and unveiled more than 300 products to be manufactured locally. These products will contribute more than AED 6 billion to GDP annually.

The 32 agreements will diversify the industrial sector and enhance its sustainability, increasing the national industrial sector’s contribution to the UAE’s economic diversification.

The forum witnessed important announcements including the unveiling of incentives for manufacturers in the UAE. The incentives