ABU DHABI: The “Make it in the Emirates” forum has driven AED20 billion in new industrial investments in 2024, solidifying the UAE’s position as a global manufacturing hub.
According to Osama Amir Fadl, Assistant Undersecretary for the Industrial Accelerators Sector at the Ministry of Industry and Advanced Technology, the forum played a key role in attracting significant investments, boosting the nation’s industrial capabilities.
Speaking on the sidelines of IDEX and NAVDEX 2025, Fadl revealed that AED12.7 billion in financing solutions had been allocated to the UAE’s industrial sector by the end of 2024. Notably, 68% of these funds were directed toward SMEs, facilitated through strategic partnerships with Emirates Development Bank, First Abu Dhabi Bank, and Mashreq Bank.
Additionally, AED2.33 billion was specifically earmarked to advance technological transformation in the industrial sector, further reinforcing the UAE’s commitment to innovation-driven growth.
Fadl also highlighted the ministry’s efforts in boosting local production, stating that procurement opportunities for over 2,000 national products, valued at AED143 billion, had been presented. He added that this figure is expected to rise during the upcoming “Make it in the Emirates 2025” forum.
The “Make it in the Emirates” initiative is a cornerstone of the UAE’s industrial strategy, aimed at enhancing local manufacturing, attracting foreign investments, and promoting sustainability in production. As the country gears up for 2025, further expansions in investment and procurement opportunities are anticipated.
