Abu Dhabi’s industrial sector will be boosted by 8 new projects at the ‘Make it in the Emirates’ initiative.

Abu Dhabi’s industrial sector will be boosted by 8 new projects at the ‘Make it in the Emirates’ initiative.

June 2, 2023 60

Abu Dhabi’s industrial sector is poised to receive a substantial boost by announcing eight new projects at the ‘Make it in the Emirates‘ initiative. These projects, unveiled during the Make it in the Emirates Forum, signify a crucial step toward strengthening Abu Dhabi’s manufacturing base and achieving the ambitious goals outlined in the city’s Industrial Strategy.

The Abu Dhabi Investment Office (ADIO) and its partners have signed Memorandum of Understanding (MoU) agreements with high-growth companies operating in key sectors such as manufacturing, banking, oil & gas, pharmaceuticals, and healthcare for Make it in the Emirates. These agreements will accelerate the growth of Abu Dhabi’s industrial sector and reinforce the city’s position as a thriving manufacturing hub. ADIO has also entered into an agreement with Abu Dhabi Islamic Bank (ADIB) to provide support to the industrial sector.

Abu Dhabi’s Industrial Strategy for Make it in the Emirates aims to double the sector’s contribution to the GDP by 2031. The city possesses several robust enablers, including excellent infrastructure, competitive operational costs, business-friendly regulations, and access to financing. The newly announced projects under Make it in the Emirates from companies such as KEZAD Group, Infinity Green, Vitamol, ADAFZ, A2N Holdings, EMIC, Mark AB Capital Investment, SuperJet International, Oil Man, United Eastern Group, Orion Italy, and Petrona Gulf DWC will play a pivotal role in bolstering Abu Dhabi’s industrial ecosystem.

Eng. Abdulla Abdul Aziz AlShamsi, Director General of ADIO, expressed his optimism, stating that the UAE is strategically positioning advanced manufacturing at the heart of its economy. He emphasized that Abu Dhabi’s innovation ecosystem, well-established infrastructure, and exceptional connectivity to markets in the Middle East, Europe, Asia, and Africa present unparalleled opportunities for investors. AlShamsi warmly welcomed the latest group of industrial companies to Abu Dhabi and affirmed ADIO’s commitment to collaborating with government partners to ensure their sustained success in the UAE capital.

The projects were unveiled during the Make it in the Emirates Forum, centered around the theme of “Investment, Sustainability, Growth.” This event, organized by the Ministry of Industry and Advanced Technology (MoIAT) in partnership with the Abu Dhabi Economic Development Department (ADDED) and ADNOC, served as a platform for decision-makers, experts, entrepreneurs, financing institutions, and investors in the industrial sector to foster cooperation and explore new collaboration opportunities. The forum also highlighted the potential for localizing products, redirecting local purchases into the national economy, and giving priority to companies participating in the National In-Country Value (ICV) Program.

Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology, commended the projects as a significant milestone in the pursuit of sustainable industrial development. He emphasized Abu Dhabi’s status as a manufacturing powerhouse, supported by the UAE’s strategic location and unique value proposition, which attract industrial investments and offer exceptional growth prospects. Al Suwaidi underscored the nation’s commitment to providing cutting-edge infrastructure, fostering priority sectors, and nurturing industries of the future.

The MoU agreements signed by ADIO during the Forum will propel the next wave of growth in Abu Dhabi’s industrial sector. A2N Holdings LLC, headquartered in Abu Dhabi, will establish the first fully integrated state-of-the-art IV solutions manufacturing facility in the UAE, marking a groundbreaking venture in the healthcare and distribution sectors. Emirates Investment Corporation (EMIC), a diversified investment company, will set up a pioneering solar manufacturing facility in Mussafah, utilizing cutting-edge automated technology. Infinity Green, a subsidiary of India’s Sathi group, will establish the Gulf’s first fully automated and integrated glass recycling plant in KEZAD Al Ma’mourah, in collaboration with KEZAD Group.

Oil Man, a pioneering UAE-based company, will establish a state-of-the-art facility for the design and manufacture of advanced drilling tools and pipeline repair equipment. Mark AB Capital Investment and SuperJet International (SJI) have joined forces to develop the civil aviation industry in the UAE by establishing a state-of-the-art facility in Al Ain. Vitamol, known for its production of high-quality functional powder products, will build a first-of-its-kind research and manufacturing plant within Abu Dhabi Airports Free Zone (ADAFZ) for pharmaceutical applications and global export of local camel milk powder, in collaboration with ADAFZ. United Eastern Group, Orion Italy, and Petrona Gulf DWC will establish United Clad Technology, a manufacturing facility producing clad pipes, fittings, flanges, valves, and bends for the Oil & Gas Industry.

Swati Gupta
swati
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