UAE’s industrial investment model drives foreign direct investment

UAE’s industrial investment model drives foreign direct investment

ABU DHABI, 7th June, 2023 (WAM) -- Over the course of the two-day Make it in the Emirates Forum (MIITE Forum), the Ministry of Industry and Advanced Technology (MoIAT) marked several significant achievements.

Organised in partnership with the Abu Dhabi Department of Economic Development (ADDED) and Abu Dhabi National Oil Company (ADNOC), the second edition of the forum was held from 31st May to 1st June and built on the successes of the inaugural edition in 2022.

The forum was hosted under MoIAT‘s remit to support the implementation of the national leadership’s vision to keep up with the pace of industrial and technological change, as well as diversify the economy through building a strong industrial sector.

The forum resulted in concrete outcomes stemming from agreements and dialogue sessions, which have highlighted the UAE’s position as an ideal destination for investment and establishing industrial businesses that contribute to both economic growth and sustainability goals.

Around 5,000 leaders, officials, investors, experts, academics, entrepreneurs, and representatives of global companies and financing institutions participated in the MIITE Forum.

More than 100 MoUs and partnership agreements were signed, while billions of dirhams worth of projects were announced. Major new financing solutions were also introduced to enhance the country's investment attractiveness.

Hosting