MoIAT, Abu Dhabi Investment Office sign MoU to boost incentives and support for the industrial sector

MoIAT, Abu Dhabi Investment Office sign MoU to boost incentives and support for the industrial sector

Abu Dhabi, UAE:– The Ministry of Industry and Advanced Technology (MoIAT) today signed a memorandum of understanding (MoU) with the Abu Dhabi Investment Office (ADIO) to enhance the incentives and support available to companies in the emirate’s industrial and advanced technology sector. Signed during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2022), the MoU is based on MoIAT’s strategic role in driving national industrial growth and contributing to national economic diversification.

The signing ceremony was attended by His Excellency Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, and Her Excellency Sarah bint Youssef Al Amiri, Minister of State for Public Education and Advanced Technology. The MoU was signed by His Excellency Omar Suwaina Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology, and Eng. Abdulla Abdul Aziz AlShamsi, Acting Director General of the Abu Dhabi Investment Office, in the presence of several officials and stakeholders.

The MoU aims to identify investment opportunities in industry and advanced technology and exchange industrial data, in addition to providing qualitative incentives that contribute to Abu Dhabi's position as a regional and global destination for industrial investment.

A global industrial hub

His Excellency Al Suwaidi said: “The MoU with the Abu