Economy Insights – Follow-Up
The “Made in the Emirates” forum is poised to facilitate the attraction of new industrial investments amounting to 20 billion dirhams in 2024, according to Osama Fadl, the Assistant Undersecretary for the Industrial Staff Sector at the UAE Ministry of Industry and Technology.
During the launch of the IDEX and Nafdex exhibitions 2025 on Monday, Fadl noted that 12.7 billion dirhams are earmarked for financing solutions tailored for the industrial sector by the end of 2024. Notably, 68% of this funding is allocated to small and medium enterprises (SMEs), through institutions such as the Emirates Development Bank, Abu Dhabi First Bank, and Mashreq Bank.
He highlighted that the technological transformation within the industry has garnered a significant portion of this funding, amounting to 2.33 billion dirhams, as reported by the official Emirates News Agency.
Additionally, Fadl revealed that guaranteed purchase opportunities totaling 143 billion dirhams have been established to manufacture approximately 2,000 products within the UAE, with indications of further growth leading into “Made in the Emirates 2025.” This encompasses both products intended for local manufacturing and the expansion of new purchasing opportunities.
He emphasized that the IDEX exhibition serves as an essential platform for showcasing the initiative’s role in bolstering the industrial sector’s growth, as well as the potentials and incentives available to industrial enterprises in the UAE.
Fadl also addressed the significance of the defense industries sector in the UAE, identifying it as a key component of economic diversification and a driver of competitiveness in global markets.
Moreover, he touched upon the Ministry of Industry and Advanced Technology’s exhibits at IDEX 2025, which encompass initiatives aimed at supporting local industrial companies, enhancing their global competitiveness, empowering exports, providing competitive financing solutions, fostering contractual partnerships, and leveraging comprehensive economic partnership agreements.
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