MoIAT signs agreement with DUBAL Holding to foster industrial cooperation

MoIAT signs agreement with DUBAL Holding to foster industrial cooperation

The Ministry of Industry and Advanced Technology (MoIAT) and DUBAL Holding, the investment arm of Dubai Government in the commodities, mining, power, energy, and industrial sectors, on Tuesday signed an agreement to foster industrial cooperation and explore opportunities.

The agreement was signed in the presence of His Excellency Sultan Al Jaber the Minister of Industry and Advanced Technology and Her Excellency Sara Al Amiri, Minister of State for Public Education and Advanced Technology. It was signed by His Excellency Omar Al Suwaidi, Undersecretary of MoIAT and Ahmad Hamad Bin Fahad, CEO of DUBAL Holding LLC, on the first day of the Make it in the Emirates Forum taking place in Abu Dhabi.

Both the parties have agreed to cooperate in developing a framework for advancing the industrial and technology sectors in line with the directives of the UAE’s leadership to enhance economic diversification. The scope of the agreement covers industrial collaboration, attracting knowledge and technology, exploring opportunities for growth and providing incentives to drive industrial growth and promote advanced technology adoption.

H.E. Omar Al Suwaidi commented: “This agreement supports the development of the UAE as a global industrial hub. By offering incentives to companies as part of our unique value proposition, MoIAT and