• Multi-pronged, agile and collaborative method will entice worldwide producers to strengthen the UAE’s and Dubai’s industrial ecosystems
• VVIPs attend launch of #MakeBrilliance marketing campaign aligned with Operation 300bn, ‘Make it within the Emirates’, the Nationwide Meals Safety Technique 2051, UAE Internet Zero by 2050 and Dubai Financial Agenda ‘D33’, to advertise regional industrial sector’s progress and market alternatives
• Emirates Improvement Financial institution (EDB) to supply AED1 billion in financing for Dubai Industrial Metropolis’s clients
Dubai Industrial Metropolis, a member of TECOM Group PJSC, signed three main strategic partnerships with the Ministry of Trade and Superior Know-how (MoIAT), the Ministry of Local weather Change and Surroundings (MOCCAE), the Emirates Improvement Financial institution (EDB) and Dubai’s Division of Financial system and Tourism (DET), to stimulate progress within the UAE’s manufacturing trade with the purpose to strengthen the UAE’s place as a sustainable, engaging world industrial hub.
The signing ceremony at Jumeirah Emirates Towers in Dubai on 3 Could 2023 was attended by high-ranking officers and VVIPs together with His Excellency Omar Al Suwaidi, Undersecretary of the Ministry Trade and Superior Know-how; His Excellency Eng. Mohammed Alameeri, Assistant Undersecretary for the Meals Range Sector on the Ministry of Local weather Change and Surroundings; Ahmed Al Naqbi, CEO of Emirates Improvement Financial institution; Hadi Badri, CEO of Dubai Financial Improvement Company – Dubai’s Division of Financial system and Tourism; Abdulla Belhoul, Chief Govt Officer of TECOM Group; and Saud Abu Alshawareb, Govt Vice President of Industrial Leasing – TECOM Group.
The agreements are consistent with the long-term objectives of the Operation 300bn, ‘Make it within the Emirates’ the ‘Nationwide Meals Safety’ and the UAE Internet Zero by 2050 methods to develop the UAE industrial sector and lift its in-country worth and world exports in addition to Dubai Financial Agenda ‘D33’ to advertise sustainability, innovation and international investments within the native manufacturing sector.
The agreements will amplify native and regional alternatives for industrial progress by Dubai Industrial Metropolis’s purpose-built ecosystem, making a multi-pronged method that fosters collaboration between the private and non-private sectors to deal with financial priorities equivalent to superior manufacturing, sustainability and meals safety.
Commenting on the partnership, His Excellency Omar Al Suwaidi, Undersecretary of the Ministry Trade and Superior Know-how mentioned: “MoIAT is proud to assist the Make Brilliance marketing campaign, which is synergised with the aims of the Make it within the Emirates initiative – one of many key pillars of our industrial sector and an important contributor to the UAE’s financial progress and diversification. Via the Make it within the Emirates initiative, we’re forging a strong industrial neighborhood of native and worldwide firms who’re all contributing to the UAE’s financial progress and diversification.
“Our partnership with Dubai Industrial Metropolis will additional strengthen this neighborhood and its ties with worldwide stakeholders, serving to to bolster the UAE’s status as a worldwide vacation spot for industries of the longer term. MoIAT is dedicated to working alongside companions to assist our nationwide status as a worldwide vacation spot for manufacturing. The Make it within the Emirates Discussion board this month can be a key platform for our nationwide enterprises to attach with worldwide companions to debate alternatives and advance conversations round sustainable industrial improvement. We look ahead to introducing extra enablers and incentives in addition to highlighting the UAE’s distinctive worth proposition.”
Following the signing ceremony, Saud Abu Alshawareb, Govt Vice President of Industrial Leasing – TECOM Group, mentioned the agreements would pave the best way for Dubai Industrial Metropolis to safe pathways for increasing the commercial and logistics sectors in Dubai and the UAE.
“Rising the commercial and logistics is important to the UAE’s progress technique. Dubai’s logistics community and business-friendly laws have made it a beautiful industrial hub. As one of many area’s largest industrial ecosystems, we purpose to take the sector to the subsequent degree, unlocking core market worth and attracting worldwide buyers consistent with Operation 300bn, ‘Make it within the Emirates’ and Dubai Financial Agenda ‘D33’. Partnerships with key authorities entities like MoIAT, MOCCAE, EDB and Dubai’s DET will guarantee our efforts strengthen the UAE’s place as a worldwide industrial hub, encouraging future investments,” added Alshawareb.
Rising a nationwide manufacturing trade
Dubai Industrial Metropolis is constructing on its longstanding partnership with MoIAT and EDB to advertise the ‘Make it within the Emirates’ initiative beneath Operation 300bn, which invitations buyers, innovators and builders to take part within the nationwide industrial and superior manufacturing sectors with a view to exporting UAE merchandise to new world markets.
As a part of a tripartite settlement signed in the course of the occasion, MoIAT, EDB and Dubai Industrial Metropolis will collaborate to strengthen the UAE’s status as a worldwide vacation spot for future industries. MoIAT will deliver on Dubai Industrial Metropolis as a personal sector associate to collaboratively advance the financial priorities of ‘Make it within the Emirates’ at native, regional, and worldwide occasions.
These joint efforts to develop the UAE’s manufacturing and industrial sectors can be strengthened by Dubai Industrial Metropolis’s renewed partnership with EDB to safe AED1 billion in financing for its clients. Each entities will assist the expansion of superior and sustainable manufacturing and logistics within the UAE by offering modern financing and banking options to small- and medium-sized enterprises.
Commenting on the settlement, Ahmed Al Naqbi, CEO of Emirates Improvement Financial institution, mentioned: “The signing of this MoU right this moment underscores EDB’s important position in strengthening the financial resilience and competitiveness of the UAE. In 2022, EDB permitted AED513.4 million in direction of financing tasks and companies primarily based in Dubai Industrial Metropolis.
“We’re proud to be part of Dubai Industrial Metropolis’s #MakeBrilliance marketing campaign, which reinforces the UAE’s dedication to innovation and excellence in industrial manufacturing. Our dedication to offering AED1 billion for companies primarily based within the district within the subsequent three to 5 years represents a major improve in obtainable capital, heralding a brand new period in industrial financing to assist ship modern merchandise made within the UAE.
“Via strategic partnerships with key gamers like MOIAT and Dubai Industrial Metropolis, EDB identifies developmental tasks and deploys capital effectively and rapidly. Our partnership is instrumental to drive resilience and progress within the UAE’s industrial panorama, as we excel by partnerships and proceed to assist tasks that contribute to the nation’s financial progress and competitiveness.”
New partnerships with MOCCAE and Dubai’s DET
Dubai Industrial Metropolis and MOCCAE signed an settlement to spice up meals safety to assist the ‘Nationwide Meals Safety Technique 2051’. Each events will promote adopting superior expertise to strengthen the native meals manufacturing sector and emphasise the significance of innovation, knowledge-sharing, and diet safety.
His Excellency Eng. Mohammed Alameeri, Assistant Undersecretary for the Meals Range Sector on the Ministry of Local weather Change and Surroundings, pressured that each one are companions in supporting the competitiveness of the UAE and attaining its objectives to reinforce meals safety primarily based on modern options and fashionable applied sciences which might be environmentally pleasant and local weather good.
His Excellency added: “With the UAE internet hosting the twenty-eighth session of the Convention of the Events to the United Nations Framework Conference on Local weather Change (COP28) and consistent with the 12 months of Sustainability, we stress, by our strategic partnership with Dubai Industrial Metropolis, the significance of strengthening the UAE’s rating within the world meals safety indicators, and remodeling it into an innovation primarily based meals safety hub. The UAE goals to change into the perfect on this planet on the worldwide meals safety index by 2051, by using fashionable methods and applied sciences, enhancing native manufacturing, and growing native and worldwide partnerships to diversify meals sources.”
Sustainability stays a key pillar for Dubai Industrial Metropolis and the UAE’s overarching manufacturing roadmap, and the settlement signed between Dubai Industrial Metropolis and MOCCAE will promote decarbonisation within the industrial sector. Each events will collaborate on implementing environmental legal guidelines and decrees and selling the UAE carbon registry and crediting mechanism to assist decarbonisation efforts within the industrial and logistics sectors beneath the UAE Internet Zero by 2050 technique.
The settlement with Dubai’s DET will contribute to the Dubai Financial Agenda ‘D33’ by attracting international direct funding within the manufacturing and logistics sectors. By showcasing the ecosystem’s ready-to-use choices earlier than world audiences, Dubai Industrial Metropolis goals to draw worldwide producers to arrange and export from Dubai and the UAE.
Hadi Badri, CEO of Dubai Financial Improvement Company – Dubai’s Division of Financial system and Tourism, mentioned: “As Dubai’s Division of Financial system & Tourism, we’re dedicated to constructing on the energy of Dubai’s progressive public-private partnership mannequin to ship the Dubai Financial Agenda ‘D33’ and can deliver collectively a spread of stakeholders to contribute in direction of its success. We’re centered on a set of core priorities for the subsequent decade, together with elevating the value-add of the commercial sector and selling export progress, constructing a framework for sustainable financial improvement, and attaining self-sufficiency in quite a few key sectors and industries, together with manufacturing.”
Launch of #MakeBrilliance
The occasion additionally kicked off Dubai Industrial Metropolis’s #MakeBrilliance marketing campaign, which can elevate the commercial hub’s standing globally. MoIAT, MOCCAE, EDB and Dubai’s DET will amplify the marketing campaign at world, regional and native occasions.
Established in 2004, Dubai Industrial Metropolis is among the area’s largest industrial manufacturing and logistics hubs. It’s dwelling to greater than 800 clients and 300 operational factories. It has been a catalyst for the expansion and enlargement of the UAE’s industrial sector with a world-class grasp plan divided into sector-focused zones, together with minerals, base metals, F&B, commerce and distribution, transportation, chemical compounds, and equipment and tools.
Dubai Industrial Metropolis is a part of TECOM Group’s portfolio of 10 enterprise districts, together with Dubai Web Metropolis, Dubai Media Metropolis, Dubai Studio Metropolis, Dubai Manufacturing Metropolis, Dubai Science Park, Dubai Information Park, Dubai Worldwide Educational Metropolis and Dubai Design District (d3).
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