"Make in the Emirates" Forum attracts AED 20 billion in investments in 2024
The "Make in the Emirates" Forum contributed to attracting new industrial investments worth AED 20 billion in 2024, according to what was announced by the Assistant Undersecretary for the Industrial Accelerators Sector at the UAE Ministry of Industry and Advanced Technology, Osama Fadl.
Fadl added, on the sidelines of the launch of the IDEX and NAVDEX 2025 exhibitions, on Monday, that AED 12.7 billion has been provided until the end of 2024 as financing solutions for the industrial sector in the country, 68% of which is for small and medium-sized companies through the Emirates Development Bank, First Abu Dhabi Bank and Mashreq Bank.
He pointed out that the technological transformation in industry received a large share of financing capabilities worth AED 2.33 billion, according to the official Emirates News Agency.
Fadl added that guaranteed purchasing opportunities worth AED 143 billion were provided to manufacture 2,000 products in the UAE, noting that this number will grow during “Make in the UAE 2025” whether at the level of products for local manufacturing or new purchasing opportunities.
He stressed that IDEX is an important opportunity to highlight the role of the initiative in supporting the growth of the industrial sector and the capabilities and incentives provided to industrial companies in the UAE. He added that the defense industries sector in the UAE is one of the tributaries of economic diversification and competitiveness in international markets.
He touched on the Ministry of Industry and Advanced Technology’s exhibits during IDEX 2025, including initiatives that support industrial companies in the country and enhance their competitive capabilities in international markets, enable exports and competitive financing solutions, establish partnerships and benefit from comprehensive economic partnership agreements
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