The much awaited ”Make it in the Emirates Forum” was kicked off in Abu Dhabi on Tuesday, drawing a large number of local and international industrial companies, government entities, financing institutions and investors.
The two-day event at the ADNOC Business Centre is being attended by more than 1,300 representatives from investment firms, financial institutions, national companies and public sector entities.
The forum, taking place after a two-year break due to the pandemic, is organised by the Ministry of Industry and Advanced Technology (MoIAT), in cooperation with the Abu Dhabi Department of Economic Development (ADDED).
Leading national companies will present billions of Dirhams of investment opportunities in various fields, including defence, petrochemicals, metals, electrical appliances and equipment, rubber and plastics, pharmaceuticals, and medical supplies at the event, with the theme “Invest, Partner, Grow”.
The event is expected to witness signing of a number of Memoranda of Understanding, commercial agreements and industrial partnerships.
Government entities will unveil incentives, such as a significant access to capital financing, with flexible repayment terms, low interest rates, and other financial solutions.
Leading entities participating in the forum include the Abu Dhabi Department of Economic Development, Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company, Etisalat, ADQ, Aldar Group, EDGE Group and TAQA.
Emirates Steel, Etihad Rail, Emirates Global Aluminum, Etihad Airways, Masdar, Emirates Nuclear Energy Corporation, Tawazun Economic Council, Pure Health and various UAE Chambers of Commerce are among the other participants.
Emirates Development Bank, First Abu Dhabi Bank and Abu Dhabi Commercial Bank are among the major financial institutions which are showcasing their competitive financial solutions at the event.
The Emirates Development Bank (EDB) said it would present its full range of products and financing opportunities to companies across sectors at the event.
Etihad Credit Insurance, Abu Dhabi Fund for Development, Abu Dhabi Islamic Bank and Standard Chartered are the other institutional participants.
The forum will include sessions that highlight key topics including investment opportunities in the industrial sector, expected demand for products and services and the future of industry.
The event will also see more than 24 companies participating in a dedicated exhibition area where they will showcase their investment opportunities.
More than 20 key stakeholders will be speaking on topics including industrial growth strategies during the forum.
The UAE has been seeing increased foreign investments in recent years, despite the pandemic. Besides traditional sectors such as real estate and financial services, there was considerable inflows into renewable energy, the digital economy and advanced technologies such as artificial intelligence, Internet of Things, blockchain and robotics.
Since 2020, UAE industrial exports have grown from AED 82 billion to AED 116 billion despite global economic headwinds and supply chain challenges.
The industrial sector’s contribution to national GDP reached AED 150 billion at the end of 2021.
The Ministry of Industry and Advanced Technology focuses on supporting the growth of the industrial sector and increasing its contribution to the national GDP.
One of the ministry’s key initiatives is the national In-Country Value Program (ICV), which has achieved impressive results during its first year of implementation, redirecting more than AED 41 billion to the national economy.
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