Latest news with #AED90
Fibre2Fashion
28-05-2025
- Business
- Fibre2Fashion
ADNOC & partners to invest $817 mn in UAE manufacturing sites
ADNOC announced that its partners across its supply chain commit to invest AED3 billion ($817 million) in manufacturing facilities across the UAE. The announcement was made at the 'Make it in the Emirates' forum currently underway in Abu Dhabi. ADNOC and its partners will invest AED3 billion (~$817 million) in UAE manufacturing facilities, creating 3,500+ skilled jobs. Backed by ADNOC's ICV program, the projects support the 'Make it in the Emirates' initiative and include sites across major industrial zones. The move aligns with ADNOC's plan to locally produce AED90 billion (~$24.52 billion) in goods by 2030. The facilities are located across Industrial City of Abu Dhabi (ICAD), Khalifa Economic Zones Abu Dhabi (KEZAD), Dubai Industrial Park, Jebel Ali Free Zone (JAFZA), Sharjah Airport International Free Zone (SAIF Zone) and Umm Al Quwain. They will create more than 3,500 highly skilled private sector jobs and manufacture a wide range of industrial products including pressure vessels, pipe coatings and fasteners. The facilities have been enabled by commercial agreements ADNOC signed with the companies under its In-Country Value (ICV) program. The ICV program is providing a platform for businesses to capitalize on ADNOC's diverse commercial opportunities as it delivers on its plan to locally manufacture AED90 billion ($24.5 billion) worth of products in its procurement pipeline by 2030. Yaser Saeed Almazrouei, ADNOC Executive Director, People, Commercial and Corporate Support, said: 'We welcome our partners' commitment to advancing local manufacturing through their investments in these state-of-the-art facilities which will strengthen the UAE's industrial base and create highly skilled private sector jobs. These investments reflect ADNOC's ongoing drive to support the 'Make it in the Emirates' initiative and localize strategic industrial capabilities through our In-Country Value program. We look forward to working with our partners to ensure business continuity and unlock further opportunities for sustainable growth and economic diversification.' The facilities include newly operational sites, major expansions and investment commitments. The state-of-the art facilities are aligned with ADNOC's current and future procurement requirements, underscoring its support for the 'Make it in the Emirates' initiative. The announcement builds on the success of ADNOC's ICV program, which has driven AED242 billion back into the UAE economy and enabled 17,000 jobs for UAE Nationals in the private sector since 2018. Manufacturers, small and medium-sized enterprises (SMEs) and entrepreneurs are encouraged to explore the 'Make it with ADNOC' app, which provides businesses with visibility into the products ADNOC plans to purchase, offering a more streamlined and integrated procurement process. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
Zawya
21-04-2025
- Business
- Zawya
Abu Dhabi's tourism sector targets $16bln to economy
Mohamed Khalifa Al Mubarak, Chairman of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), said that the department's tourism sector aims to contribute AED62 billion ($16 billion) to the economy in 2025, with a projected increase of 13 per cent compared to 2024. The goal is for the sector to contribute AED90 billion to the emirate's non-oil GDP by 2030, reported WAM. Speaking during a roundtable marking the opening of teamLab Phenomena Abu Dhabi, Al Mubarak said that in Q1 2025, international overnight hotel guests in Abu Dhabi grew by 4 perc ent year-to-date compared to Q1 2024, with India, China, Russia, and the UK remaining the top source markets. He added that hotel occupancy in Q1 2025 reached 79 percent across the emirate and 82 percent in Abu Dhabi city. Al Mubarak highlighted the role of Abu Dhabi's cultural museums, including the newly opened teamLab Phenomena, alongside the Louvre Abu Dhabi, Zayed National Museum, and the Natural History Museum Abu Dhabi, in strengthening the emirate's tourism offering. Located in the Saadiyat Cultural District, these museums are cultural and knowledge beacons reflecting the UAE's values of coexistence and its diverse cultural identity. He noted that continued investment in the cultural sector is guided by the vision of the founding father, the late Sheikh Zayed bin Sultan Al Nahyan, underscoring the UAE's emergence as a global cultural centre. He underscored Saadiyat Cultural District's significance as a cultural and historical treasure, with museums serving as vital centres for future generations. Al Mubarak pointed out that teamLab Phenomena Abu Dhabi embodies the UAE's cultural diversity, fostering Abu Dhabi's position as a leading global arts and culture destination. He announced the upcoming opening of three more museums in the Saadiyat Cultural District this year. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
20-04-2025
- Business
- Trade Arabia
DCT Abu Dhabi's tourism sector targets $16bn to economy
Mohamed Khalifa Al Mubarak, Chairman of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), said that the department's tourism sector aims to contribute AED62 billion ($16 billion) to the economy in 2025, with a projected increase of 13 per cent compared to 2024. The goal is for the sector to contribute AED90 billion to the emirate's non-oil GDP by 2030, reported WAM. Speaking during a roundtable marking the opening of teamLab Phenomena Abu Dhabi, Al Mubarak said that in Q1 2025, international overnight hotel guests in Abu Dhabi grew by 4 perc ent year-to-date compared to Q1 2024, with India, China, Russia, and the UK remaining the top source markets. He added that hotel occupancy in Q1 2025 reached 79 percent across the emirate and 82 percent in Abu Dhabi city. Al Mubarak highlighted the role of Abu Dhabi's cultural museums, including the newly opened teamLab Phenomena, alongside the Louvre Abu Dhabi, Zayed National Museum, and the Natural History Museum Abu Dhabi, in strengthening the emirate's tourism offering. Located in the Saadiyat Cultural District, these museums are cultural and knowledge beacons reflecting the UAE's values of coexistence and its diverse cultural identity. He noted that continued investment in the cultural sector is guided by the vision of the founding father, the late Sheikh Zayed bin Sultan Al Nahyan, underscoring the UAE's emergence as a global cultural centre. He underscored Saadiyat Cultural District's significance as a cultural and historical treasure, with museums serving as vital centres for future generations. Al Mubarak pointed out that teamLab Phenomena Abu Dhabi embodies the UAE's cultural diversity, fostering Abu Dhabi's position as a leading global arts and culture destination.
Al Etihad
18-04-2025
- Business
- Al Etihad
DCT Abu Dhabi's tourism sector targets AED62 billion to economy: Chairman
18 Apr 2025 13:15 ABU DHABI (WAM)Mohamed Khalifa Al Mubarak, Chairman of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), said that the department's tourism sector aims to contribute AED62 billion to the economy in 2025, with a projected increase of 13 percent compared to 2024. The goal is for the industry to contribute AED90 billion to the emirate's non-oil GDP by 2030. Speaking during a roundtable marking the opening of teamLab Phenomena Abu Dhabi, Al Mubarak said that in Q1 2025, international overnight hotel guests in Abu Dhabi grew by 4 percent year-to-date compared to Q1 2024, with India, China, Russia, and the UK remaining the top source added that hotel occupancy in Q1 2025 reached 79 percent across the emirate and 82 percent in Abu Dhabi city. Al Mubarak highlighted the role of Abu Dhabi's cultural museums, including the newly opened teamLab Phenomena, alongside the Louvre Abu Dhabi, Zayed National Museum, and the Natural History Museum Abu Dhabi, in strengthening the emirate's tourism in the Saadiyat Cultural District, these museums are cultural and knowledge beacons reflecting the UAE's values of coexistence and its diverse cultural identity. He noted that continued investment in the cultural sector is guided by the vision of the founding father, the late Sheikh Zayed bin Sultan Al Nahyan, underscoring the UAE's emergence as a global cultural underscored Saadiyat Cultural District's significance as a cultural and historical treasure, with museums serving as vital centres for future generations. Al Mubarak pointed out that teamLab Phenomena Abu Dhabi embodies the UAE's cultural diversity, fostering Abu Dhabi's position as a leading global arts and culture destination. He announced the upcoming opening of three more museums in the Saadiyat Cultural District this year.
Zawya
18-04-2025
- Business
- Zawya
DCT Abu Dhabi's tourism sector targets $17bln to economy: Chairman
ABU DHABI - Mohamed Khalifa Al Mubarak, Chairman of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), said that the department's tourism sector aims to contribute AED62 billion to the economy in 2025, with a projected increase of 13 percent compared to 2024. The goal is for the sector to contribute AED90 billion to the emirate's non-oil GDP by 2030. Speaking during a roundtable marking the opening of teamLab Phenomena Abu Dhabi, Al Mubarak said that in Q1 2025, international overnight hotel guests in Abu Dhabi grew by 4 percent year-to-date compared to Q1 2024, with India, China, Russia, and the UK remaining the top source markets. He added that hotel occupancy in Q1 2025 reached 79 percent across the emirate and 82 percent in Abu Dhabi city. Al Mubarak highlighted the role of Abu Dhabi's cultural museums, including the newly opened teamLab Phenomena, alongside the Louvre Abu Dhabi, Zayed National Museum, and the Natural History Museum Abu Dhabi, in strengthening the emirate's tourism offering. Located in the Saadiyat Cultural District, these museums are cultural and knowledge beacons reflecting the UAE's values of coexistence and its diverse cultural identity. He noted that continued investment in the cultural sector is guided by the vision of the founding father, the late Sheikh Zayed bin Sultan Al Nahyan, underscoring the UAE's emergence as a global cultural centre. He underscored Saadiyat Cultural District's significance as a cultural and historical treasure, with museums serving as vital centres for future generations. Al Mubarak pointed out that teamLab Phenomena Abu Dhabi embodies the UAE's cultural diversity, fostering Abu Dhabi's position as a leading global arts and culture destination. He announced the upcoming opening of three more museums in the Saadiyat Cultural District this year.
