MoIAT, Tawazun Industrial Park convene industrial firms to discuss defense opportunities

MoIAT, Tawazun Industrial Park convene industrial firms to discuss defense opportunities

Abu Dhabi, UAE: The Ministry of Industry and Advanced Technology (MoIAT) held a joint roundtable gathering government entities, industrial companies, and experts in the global defense sector on the sidelines of the International Defense Exhibition and Conference (IDEX 2023).

Hosted in partnership with Tawazun Industrial Park, the roundtable focused on the diversity of defense and space industries in the UAE, as well as on existing cooperation between national agencies, and incentives provided by Tawazun. MoIAT also highlighted its efforts to create competitive advantages for investors through the Make in the Emirates initiative.

His Excellency Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology said: “The national defense sector is witnessing a major shift in competitiveness, growth, efficiency and technological innovation. The UAE has become a launch pad for many industrial companies and the country has strengthened its position as one of the main defense manufacturers and exporters in the region. The sector is witnessing significant growth opportunities. Defense spending in the UAE is set to increase to more than $5 billion annually over the next five years.”

During the meeting, His Excellency provided on overview of Make it in the Emirates and its role in supporting the competitiveness of national