UAE Boosts ‘Self-Sufficiency’ Through Industrial Localization

UAE Boosts ‘Self-Sufficiency’ Through Industrial Localization

UAE's Minister of Industry and Advanced Technology Sultan al-Jaber said that the COVID-19 pandemic and recent geopolitical challenges disrupted supply chains and affected the global economy, "an experience from which we extracted many lessons."

The Minister explained that one of the most important lessons is that "regardless of global economic conditions, enhancing self-sufficiency and resilience in vital sectors such as food, healthcare, and the sectors critical to ensuring business continuity and economic growth, is critical."

Speaking at the "Make it in the Emirates" Forum, Jaber explained that the Ministry focused on a set of strategic axes, aiming to create an attractive business environment for local and international industrial investors, support the growth of national industries, enhance their competitiveness and empower innovation and the adoption of advanced technologies.

It also aims to strengthen the UAE's position as a global destination for industries of the future.

The Ministry encourages financial institutions to offer competitive financing and administrative services based on quality, efficiency, and transparency as well as contribute to supporting the development of laws and legislations that help support and protect the national products.

"Our objective is to safeguard our national progress, leverage the legislative system, attract investments to our industrial sector, support local manufacturing, and create