Latest news with #MakeitintheEmirates'
Arabian Post
17 hours ago
- Business
- Arabian Post
PureHealth Commits AED 2.25 Billion to Bolster UAE's Healthcare Supply Chains
Arabian Post Staff -Dubai PureHealth, the Middle East's largest healthcare group, has announced that its total investment in locally sourced goods and services has reached AED 2.25 billion, reinforcing its commitment to the UAE's National In-Country Value Programme. This milestone was highlighted during the 2025 edition of the 'Make it in the Emirates' initiative, underscoring the group's dedication to enhancing the nation's industrial and healthcare sectors. In 2024 alone, PureHealth channelled AED 1 billion into the national economy, marking a 38% increase compared to the previous year. This significant uptick aligns with the UAE's strategic objectives to localise supply chains, promote national enterprises, and accelerate economic diversification. ADVERTISEMENT Since joining the Ministry of Industry and Advanced Technology's ICV Programme in 2022, PureHealth has set an ambitious target to allocate AED 13 billion towards local procurement by 2032. The group's efforts are in tandem with the UAE's broader industrial strategy, which aims to elevate the industrial sector's GDP contribution to AED 300 billion by 2031. Shaista Asif, Group Chief Executive Officer of PureHealth, emphasised the long-term vision behind this investment, stating, 'By advancing our In-Country Value goals, we are localising critical supply chains, supporting homegrown innovation, and enabling the development of advanced healthcare manufacturing capabilities. This is not just about meeting today's needs, but building a sustainable, self-sufficient healthcare system that serves UAE communities for generations to come while supporting the nation's economic and industrial ambitions.' The group's commitment is evident in the strong ICV performance across its subsidiaries. Abu Dhabi Health Services Company holds the highest ICV score in the UAE healthcare sector at 81.13%, while Daman, the leading health insurer, ranks second in the UAE insurance sector with a score of 71.86%. Additionally, PureLab and The Medical Office have secured their ICV certifications, and Sheikh Shakhbout Medical City is expected to receive its certification later this year, moving the group closer to full compliance. Leya Al Damani, Chief Sustainability Officer at PureHealth, highlighted the synergy between sustainability and localisation, noting, 'Through partnerships with UAE-based suppliers that share our environmental and quality standards, we are creating long-term value that benefits both our healthcare system and the national economy. The National In-Country Value Programme gives us a powerful framework to scale this impact measurably and responsibly, while also fostering a supportive environment for the growth of small and medium-sized enterprises across the country.'
Gulf Today
4 days ago
- Automotive
- Gulf Today
EGA signs deal to increase its solar aluminium supply to Hyundai Mobis
Emirates Global Aluminium (EGA) today announced an agreement to increase its CelestiAL solar aluminium supply to Hyundai Mobis, the global automotive parts maker. The agreement is an extension of an existing supply agreement with Hyundai Mobis. EGA began supplying aluminium to Hyundai Mobis in 2015. Under the new agreement, the volume of CelestiAL supplied to Hyundai Mobis will increase from eight thousand this year to up to 15 thousand tonnes per year by 2026. EGA and Mobis will explore a long-term agreement beyond 2026 to supply value-added products, including billets, primary foundry alloys and recycled aluminium. EGA and Hyundai Mobis will also collaborate to innovate exclusive new alloys for automotive applications. Aluminium is a key metal for the automotive industry due to its lightweight, strength, and corrosion resistance properties. EGA is one of the largest suppliers of foundry alloys to the automotive industry worldwide. Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said, 'At EGA, we remain committed to innovation in delivering the highest quality, low-carbon aluminium to our customers. We value our successful partnership with Hyundai Mobis and look forward to building on this collaboration in the years ahead. We appreciate their continued trust in EGA and our world-first CelestiAL solar aluminium.' Sun Woo Lee, Senior Vice President, Head of Procurement of Hyundai Mobis, said, 'With a partnership with EGA, we will proactively respond to global environmental regulations by establishing a green supply chain using low carbon aluminium.' In 2024, production of CelestiAL solar aluminium grew by 27 per cent to 80 thousand tonnes, including eight thousand tonnes of CelestiAL-R further sweetened with recycled content. EGA is certified to the global standard established by the automotive industry which aims to ensure even more rigorous quality management in the global automotive supply chain. Earlier last week Adnoc and Emirates Global Aluminium (EGA) announced a five-year supply agreement for up to 1.5 million tonnes of calcined petroleum coke (petcoke), a key raw material used in aluminium production. The agreement, valued at $500 million (Dhs1.84 billion), was signed during the 'Make it in the Emirates' event currently taking place in Abu Dhabi, underscoring Adnoc's commitment to supporting the UAE's industrial growth and enhancing local supply chains. Through the agreement, Adnoc Refining will supply at least 30 per cent of EGA's calcined petcoke requirements from the Ruwais Refinery over the next five years, strengthening the UAE's role as a global aluminium supplier by reducing its reliance on imports and fostering local industrial capabilities. The agreement with EGA - the largest industrial company in the UAE outside the energy sector - supports Adnoc's successful In-Country Value (ICV) Programme by promoting economic diversification in the UAE and supplying critical manufacturing materials to advanced industries. The signing of the agreement was witnessed by Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Adnoc Managing Director and Group CEO, and Abdulla Kalban, Managing Director of EGA. It was signed by Khaled Salmeen, Adnoc Downstream CEO, and Abdulnasser Bin Kalban, CEO of EGA. Salmeen said, 'This strategic agreement with EGA exemplifies Adnoc's commitment to driving the 'Make it in the Emirates' initiative and the UAE's industrial base. By supplying this critical raw material for aluminium production from our Ruwais Refinery, we are strengthening domestic supply chains, reducing reliance on imports and enabling growth in one of the nation's most vital industrial sectors. 'Through our ICV Programme, we will continue to create more opportunities to enhance local manufacturing and industrial growth.' As the world's largest 'premium aluminum' producer, EGA continues to lead the UAE's industrial diversification, with its products comprising the UAE's largest made-in-the-UAE export after energy. The agreement between Adnoc and EGA will play a critical role in driving continued economic growth and ensuring the further development of the aluminium sector in the UAE. Bin Kalban stated, 'EGA has been a pioneer of industrialisation and economic diversification for decades, and today we are a champion of 'Make it in the Emirates' through our local procurement, metal supply to UAE industry and our record Emiratisation. This agreement with Adnoc enables us to secure a significant proportion of a key raw material locally, further increasing our economic impact in the UAE.' The 1.5 million tonnes of calcined petcoke will enable EGA to produce around 3.75 million mt of aluminium over the five-year term of the agreement - approximately equal to the annual consumption of Germany. In 2024, EGA's direct, indirect and induced economic contributions to the local economy reached $6.4 billion (Dhs23.49 billion), accounting for 1.3 per cent of the UAE's GDP and supporting more than 52,000 jobs.
Gulf Today
5 days ago
- Business
- Gulf Today
MoU to advance industrial and economic development in UAE
The Ministry of Industry and Advanced Technology (MoIAT) has signed a Memorandum of Understanding (MoU) with the Multinational Companies Business Group (MCBG) to strengthen collaboration in the areas of standardisation, technical regulations, and capacity building-key pillars for advancing industrial and economic development in the UAE. The MoU was signed during the Make it in the Emirates forum, and was signed by Dr. Farah Al Zarooni, Assistant Undersecretary for Standardization Affairs at MoIAT, and Turki Bin Moammar, Chairperson of MCBG. The signing ceremony was attended by senior officials and stakeholders from both organizations, underscoring the significance of the partnership for the nation's industrial and regulatory landscape. This strategic collaboration reflects a shared commitment to enhancing regulatory cooperation and fostering a business environment that meets the highest international standards. The agreement outlines joint initiatives including expert exchanges, capacity-building programs, participation in standardization committees, and collaboration on innovation-driven projects. Commenting on the partnership, Dr. Farah Al Zarooni stated, 'This agreement underscores our commitment to deepening engagement with the private sector, particularly with global industry leaders operating in the UAE. Aligning our regulatory and standardization frameworks with international best practices is crucial to driving sustainable industrial growth and innovation in line with the UAE's strategic vision.' Turki Bin Moammar added, 'MCBG is proud to collaborate with MoIAT in advancing shared priorities of knowledge exchange, high-quality standards, and future-ready regulatory frameworks. This MoU affirms our dedication to contributing to the UAE's industrial and economic progress through meaningful dialogue and partnership.' Representing a collective global market capitalization exceeding $12 trillion, MCBG brings unparalleled expertise across key sectors such as manufacturing, energy, technology, healthcare, and consumer goods. This agreement marks a significant milestone in MoIAT's mission to cultivate a resilient, innovation-led industrial ecosystem. It further reinforces the role of public-private partnerships in achieving regulatory excellence, enhancing national competitiveness, and promoting long-term sustainable development. Earlier Majid Al Futtaim Retail, which owns the exclusive rights to operate Carrefour in the UAE, has officially announced the signing of a Memorandum of Understanding (MoU) with the Ministry of Industry and Advanced Technology (MoIAT). The MoU aims to promote the growth of national manufacturing by boosting demand for high quality, locally made products, as part of the 'Make it in the Emirates' (MIITE) initiative. The signing ceremony, which took place at Adnoc headquarters in Abu Dhabi, was attended by Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, and Omar Al Suwaidi, Undersecretary, Ministry of Industry and Advanced Technology, in addition to Dr. Günther Helm, Chief Executive Officer at Majid Al Futtaim – Retail and Dr. Younus Hassan Al Mulla, Chief Global Development and Government Officer at Majid Al Futtaim – Retail. The ceremony was also attended by senior officials from the MoIAT and representatives from the UAE's retail industry. This collaboration builds on Carrefour's ongoing efforts to support homegrown suppliers, producers, farmers, and SMEs. It also is a testament to MoIAT and Majid Al Futtaim Retail's shared commitment to strengthen the role of national businesses and to drive economic growth and industrial advancement through food security by supporting self-sufficiency and developing more sustainable supply chains. Osama Amir Fadhel, Assistant Undersecretary of Industry Accelerators at the Ministry, stated: 'The UAE has achieved significant accomplishments in the industrial sector, ranking first in the region in terms of industrial competitiveness. This was achieved as part of the National Strategy for Industry and Advanced Technology and its related initiatives and plans, which focus on forming partnerships, supporting investments, promoting national products with the highest quality standards, and providing advantages and capabilities for Emirati industries.' 'This enables growth, helps achieve the objectives of the industrial sector, and provides existing projects and companies with the opportunity to develop and expand through collaboration with the private sector.' The fourth edition of Make it in the Emirates, the UAE's premier industrial platform, concluded recently at the Abu Dhabi National Exhibition Centre after a four-day run. This year's edition announced new industrial projects valued at Dhs11 billion. Held under the theme 'Advanced Industries. Accelerated', the event was hosted by the Ministry of Industry and Advanced Technology (MoIAT), organised by Abu Dhabi National Exhibitions Company Group, and held alongside strategic partners the Ministry of Culture, Abu Dhabi Investment Office, and Adnoc. WAM
Fibre2Fashion
6 days ago
- 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)
Arabian Post
23-05-2025
- Business
- Arabian Post
ADNOC Commits Dhs6bn to Boost Domestic Manufacturing
Arabian Post Staff -Dubai Abu Dhabi National Oil Company has entered into framework agreements valued at Dhs6 billion with 12 UAE-based manufacturers to produce critical industrial equipment locally. This initiative, part of the 'Make it in the Emirates' programme, aims to enhance the resilience of the nation's supply chain and create up to 1,300 skilled private-sector jobs. The agreements focus on the domestic production of cables and pressure vessels, essential components in ADNOC's operations. By localising the manufacturing of these items, ADNOC seeks to ensure timely availability, reduce dependency on international suppliers, and mitigate global supply chain disruptions. ADVERTISEMENT The signing took place during the 'Make it in the Emirates' forum in Abu Dhabi, attended by Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC's Managing Director and Group CEO. Dr Al Jaber emphasised the importance of strengthening local manufacturing capabilities to support the UAE's industrial growth and economic diversification. This move aligns with ADNOC's broader strategy to stimulate domestic manufacturing. Previously, the company announced agreements with over 60 companies to locally produce critical non-oil products, aiming to manufacture AED70 billion worth of products in its procurement pipeline by 2027. These efforts are expected to create thousands of job opportunities and enhance the resilience of the local supply chain. In addition to the current agreements, ADNOC has committed over AED20 billion for the procurement of structures and metal products from national companies. This commitment is part of a broader initiative to stimulate industrial growth and create more private-sector jobs for UAE nationals. The 'Make it in the Emirates' initiative, led by the Ministry of Industry and Advanced Technology, aims to position the UAE as a global hub for advanced industry and innovation. The programme encourages local manufacturing, supports the development of national talent, and promotes sustainable industrial practices. ADNOC's investment in local manufacturing is complemented by its focus on sustainability and technological innovation. The company has been leveraging artificial intelligence and advanced technologies to optimise operations and reduce emissions. Facilities like the Habshan 5 gas processing plant and Zirku Island offshore operations have been at the forefront of deploying such technologies, contributing to ADNOC's goal of becoming a low-carbon energy leader. ADNOC's In-Country Value programme incentivises suppliers to adopt clean technologies and establish new manufacturing facilities in the UAE. Since its inception, the ICV programme has driven significant investment back into the UAE economy, supporting the nation's Net Zero by 2050 Strategic Initiative. The 'Make it in the Emirates' forum serves as a platform for collaboration between government entities, industry leaders, and investors. It showcases the UAE's commitment to fostering a robust industrial sector, enhancing economic resilience, and achieving sustainable growth.
