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Khaleej Times
6 days ago
- Business
- Khaleej Times
Make it in the Emirates: The UAE's bold blueprint for industrial reinvention
As the UAE accelerates its transition toward a knowledge- and innovation-driven economy, a defining initiative is reshaping its industrial landscape — Make it in the Emirates. Launched in 2021 under the umbrella of the Ministry of Industry and Advanced Technology's (MoIAT) Operation 300bn strategy, this initiative aims to amplify the manufacturing sector's contribution to the national GDP from Dh133 billion to Dh300 billion by 2031. Through innovation, foreign investment, and local production, the UAE is charting a bold course toward becoming a global hub for advanced industries. Held under the patronage of MoIAT in collaboration with the Abu Dhabi Department of Economic Development (ADDED) and Adnoc, the Make it in the Emirates Forum has become a key platform aligning national ambition with international opportunity. The 2025 edition — hosted at the Abu Dhabi National Exhibition Centre (Adnec) from May 19 to 22 — marked a significant evolution. What began at the Abu Dhabi Energy Centre has now expanded across 50,000 sqm, drawing over 20,000 visitors — up from 13,000 across its first three editions — alongside 1,300 delegates, 150 local artisans, and 20 high-profile speakers from sectors including energy, telecom, healthcare, defense, and AI. Scaling with the Nation's Ambitions The UAE presents a compelling case for industrial investment: a stable regulatory framework, 100% foreign ownership across most sectors, long-term residency for investors, and globally ranked infrastructure — including top-tier logistics and ICT systems. Coupled with its geographic advantage connecting East and West, the country offers an unmatched value proposition. Acknowledging global shifts in trade, energy, and supply chains, the UAE is strategically repositioning itself to attract industrial capital aligned with national priorities. According to Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, the initiative is 'more than a forum — it's a comprehensive economic programme to build a resilient, inclusive, and innovative industrial base.' 'This is not just a platform,' Al Jaber stated. 'It is a catalyst for sustainable economic development. It allows us to spotlight local manufacturers, promote national products, and cultivate an ecosystem of innovation and investment.' The 2025 forum saw record-breaking momentum: Dh20 billion in procurement announcements were made during the event, bringing the cumulative value to Dh165 billion, a notable increase from Dh120 billion in 2024. Over 2,000 industrial products were earmarked for local manufacturing — from advanced pharmaceuticals to precision aerospace components — reflecting the UAE's pivot from consumer economy to industrial powerhouse. A Strategic Framework for Diversified Growth At the heart of Make it in the Emirates lies a transformative blueprint: Economic Diversification: Reducing reliance on oil by channeling investment into non-oil sectors such as advanced manufacturing, renewable energy, agri-tech, and healthcare. Technology and Innovation: Embracing Fourth Industrial Revolution (4IR) technologies — including AI, robotics, and additive manufacturing — to enhance competitiveness. SME Empowerment: With SMEs forming 95% of the UAE's industrial base, the initiative integrates them into global value chains while providing access to training, finance, and incentives. In-Country Value (ICV): The National ICV Programme has redirected more than Dh73 billion into the local economy and created over 19,000 jobs as of Q3 2024. Sustainability and Self-Sufficiency: Emphasising green manufacturing and local production of critical goods to support climate goals and boost resilience. The strategy is delivering tangible results. In 2024, the industrial sector contributed Dh210 billion to GDP and recorded Dh197 billion in exports —progress that underscores momentum toward the 2031 goal. Forging a Future-Ready Industrial Ecosystem The forum's 2025 edition reaffirmed the UAE's aspiration to become a global leader in smart and sustainable manufacturing. Plans were unveiled to localize the production of 2,000 in-demand products across sectors like pharmaceuticals, aerospace, electronics, agri-tech, and food and beverage —efforts designed to reinforce supply chain security and enhance self-sufficiency. Moreover, the forum has attracted over Dh143 billion in off-take agreements since its launch — offering manufacturers guaranteed demand and long-term revenue pipelines. Key participants this year included Adnoc, EGA, Edge, etisalat, PureHealth, Strata, and Mubadala, with strategic guidance from ADDED and Adnoc ensuring alignment with economic and energy objectives. Foreign investor interest continues to rise, supported by the UAE's investor-friendly policies, advanced infrastructure, and regulatory efficiency. Empowering Emiratis and Elevating Women in Industry Over 22,000 jobs for Emiratis have been created through the initiative, including 2,500 under the Industrialists Programme, which links academia with industry and equips young nationals with future-focused skills in manufacturing. Women, too, are reshaping industrial leadership. From Dr Alyazia Al Kuwaiti at Mubadala championing gender inclusion in heavy industry to Mariam Al Jaberi at Strata Manufacturing producing aircraft components for Boeing and Airbus, Emirati women are breaking barriers and building legacies. Aligned with Global Trends and Climate Goals The UAE's strategy mirrors global imperatives: digital transformation, sustainable growth, and economic resilience. The focus on green manufacturing and renewable-powered industrial zones contributes to both national and global climate objectives, including the UAE Net Zero 2050 Strategy. Initiatives like the Emirates Development Bank's Dh30 billion financing package — supporting 13,500 companies across key sectors like renewables, advanced tech, and healthcare — highlight the nation's long-term commitment to industrial growth. AI, Automation, and the Rise of Future Industries This year's forum spotlighted transformative technologies. UAE-based AM Industries introduced AI-powered defense and civil solutions, while Maxbyte Technologies launched its 3D AI Project — blending robotics with machine learning. Digital transformation is further accelerated by the Technology Transformation Programme (TTP), which helps businesses implement AI, IoT, and cloud computing for enhanced productivity and reduced operational costs — key to achieving global competitiveness. SMEs, Startups, and Real-World Impact Nearly 68% of forum funding has gone to startups and SMEs, nurturing local innovation. Trux, a logistics and recovery app that featured at the 2025 edition, has served over 1,200 clients, recorded 8,000 downloads, and onboarded 1,000 drivers — expecting a 200% revenue increase post-forum. Even fashion is embracing industrial reinvention. The UAE-based Carter & White reports that 60% of its Italian customers now request apparel labeled Made in the UAE—a testament to the growing global prestige of Emirati products. Sustainability as a Growth Engine Sustainability isn't just a principle — it's a performance metric. The UAE is investing significantly in green manufacturing, electrification, and clean energy-driven industrial zones. As MoIAT Undersecretary Omar Al Suwaidi noted: 'With over 2,000 identified products and a procurement value of Dh143 billion, we're building a competitive, diversified industrial base that empowers citizens and secures our future.' Make it in the Emirates has evolved into a beacon of cultural and economic diplomacy. More than 5,000 UAE-made products, from advanced tech to traditional crafts, were showcased in 2025. Policies supporting full foreign ownership further reflect the country's commitment to international partnerships. As Omar Al Suwaidi emphasised: 'The forum has proven its industrial influence, generating billions in procurement opportunities. We are constantly on the rise.' That rise is now evident on the global stage. Ahmed Al Serkal of Carter & White shared that a growing number of European customers are actively seeking UAE-made products — marking a milestone in industrial brand building. The Road to 2031 Despite remarkable progress, challenges remain — chief among them is cultivating a workforce ready for rapid technological change, sustaining innovation, and balancing growth with environmental stewardship. However, with its strategic clarity, robust investment plans, and future-focused policies, the UAE is well-equipped to turn these challenges into opportunities. As global manufacturing paradigms shift toward regionalised production and supply chain resilience, the Emirates stands poised to become a preferred industrial hub. Make it in the Emirates is no longer just a slogan — it's a national movement redefining economic identity. With Dh165 billion in procurement, 22,000+ jobs created, and surging international interest, the future of global manufacturing may very well be spelled in bold letters: Made in the Emirates. Strategic Outcomes of the Initiative > Major shift towards AI, robotics, and smart industry > 68% of funding directed to SMEs and startups > Empowering women: From factory floors to boardrooms > University partnerships fuelling a high-skill talent pipeline > Success stories like Trux growing 200% post-forum The UAE is transforming from consumer to global producer — with a tech-driven, sustainable industrial future.
Times of Oman
23-05-2025
- Business
- Times of Oman
India is not only future-ready, it is shaping that future: Foreign Secy Misri in Tokyo
Tokyo: Foreign Secretary Vikram Misri delivered the spotlight address at the 2nd edition of the Raisina Tokyo Dialogue, highlighting the multifaceted nature of the India-Japan partnership, including new greenfield sectors for cooperation. Speaking on India's economic landscape at the event, Misri highlighted that the country continues to be a highly attractive destination for global capital, backed by strong foreign exchange reserves, declining inflation, and a large, young, and dynamic workforce. He noted that India's foreign exchange reserves have exceeded USD 690 billion, and retail inflation dropped to 3.16 per cent in April 2025, the lowest in nearly six years. With a population of 1.4 billion and a median age under 29, India remains one of the world's largest and most promising consumer markets. This demographic strength, combined with a rising middle class and an expanding workforce, positions India to play a key role in the technology-driven future. He emphasized the strategic shift in India's economic model, with a renewed focus on manufacturing-led growth. The "Make in India" initiative, launched in 2014, has led to increased investment across diverse sectors, including electronics, defence, pharmaceuticals, and textiles. Misri highlighted the Production Linked Incentive Scheme, which is projected to attract USD 520 billion in investment and includes more than two dozen Japanese companies. India has also allocated USD 10 billion to develop a semiconductor ecosystem, while collaboration with Japan in this sector is expected to enhance talent and innovation on both sides. "We are also nurturing semiconductor-ready talent, which will supplement similar efforts by Japan to rediscover its traditional strength in this sector," he said. India's electric vehicle sector is also undergoing transformation, supported by policies such as FAME-II and new incentives for battery manufacturing. As the world's fourth-largest vehicle producer, India is aiming to replicate the India-Japan success of Maruti-Suzuki in the age of electric mobility. India has made significant reforms to foster a transparent and efficient business environment, liberalizing foreign direct investment (FDI) limits in defence, insurance, and space technology, while simplifying business compliance and tax structures. The country's ranking in the World Bank's Ease of Doing Business index improved from 142nd in 2014 to 63rd in 2020. Legal reforms have reduced over 39,000 business compliances and decriminalized hundreds of minor offences, streamlining enterprise operations. The government has prioritized transparency and digital governance, with tools like the National Single Window System providing access to over 150 approvals and clearances. Initiatives such as MCA21 and GSTN have simplified filings and compliance for businesses. Misri said, "The simplification of India's complex labour regulations into four unified labour codes has reduced the compliance burden while balancing workers' rights with industry flexibility." He noted that the Goods and Services Tax has created a unified national market, while the Insolvency and Bankruptcy Code has transformed corporate insolvency resolution by ensuring time-bound processes and boosting creditor confidence. Infrastructure development has been a major focus, with the PM Gati Shakti National Master Plan aligning investments across transport and logistics. The Bharatmala initiative aims to upgrade and construct 65,000 kilometres of highways, while Sagarmala is enhancing port infrastructure. The modernization of Indian Railways, full electrification, smart stations, and dedicated freight corridors have all contributed to reducing logistics costs and improving competitiveness. "Japan has been our preferred partner in urban mobility, with metro rail emerging as the new ambition of even second tier cities in India," he said, citing the Mumbai-Ahmedabad High-Speed Rail corridor as a flagship project in bilateral cooperation. India's aviation sector is growing rapidly through the UDAN scheme, expanding regional connectivity and targeting the operation of over 200 airports by 2040. Integrated logistics parks are further improving freight movement. In energy, India is now the world's third-largest renewable energy producer, targeting 500 GW of non-fossil fuel capacity by 2030, with green hydrogen identified as a major area for future India-Japan cooperation. The Digital India mission has revolutionized public service delivery, expanding e-governance, online education, and telemedicine. Misri noted that India's national AI strategy and rollout of 5G have democratized digital opportunities, fostering the growth of the startup ecosystem in areas such as fintech, agritech, clean energy, and health tech. India's space program, including missions like Chandrayaan and Gaganyaan, is now open to private enterprise and has become a major driver of innovation, with Japanese capital and expertise seen as potential partners for the future. A parallel focus on education and skilling is equipping India's youth for the new industrial revolution, with India and Japan collaborating on training and language initiatives. Misri pointed to India's strategic positioning for manufacturing, digital empowerment, and infrastructure development, asserting that India is not only future-ready, but "shaping that future." He underscored the importance of the Special Strategic and Global Partnership between India and Japan, calling it one of the most significant relationships of the 21st century. The bilateral partnership, he said, spans "Industrial Competitiveness, Clean Energy Partnership, Digital Partnership, Semiconductor Supply Chains, infrastructure development, energy, space, food-processing, science and technology, healthcare, and R&D cooperation." Trilateral initiatives, such as the India-Japan Cooperation Initiative for Sustainable Economic Development in Africa, reflect the growing scope of collaboration. Japanese investment in India continues to grow, with Misri noting that in 2022, the countries set a target of 5 trillion yen in public and private investment and financing from Japan to India between 2022 and 2027, with 3.7 trillion yen realized by August 2024. He encouraged Japanese companies to expand in India and tap into its large pool of skilled personnel, saying, "Businesses in Japan must also recognise the immense pool of skilled personnel available in India to meet the changing needs of Japan." He further urged Japanese businesses to broaden their engagement with India into sectors such as digital services, renewable energy, critical minerals, and semiconductors. "A broader trade engagement across sectors will not only unlock new business potential but also enhance economic stability, reduce over-dependence on concentrated markets, ensure supply chain resilience and strengthen long term economic security for both India and Japan." Misri expressed confidence that the India-Japan partnership, rooted in mutual trust and shared principles, would drive sustainable growth, innovation, and prosperity for both nations well into the future. The Foreign Secretary expressed deep appreciation for Japan's support in the aftermath of the April 22 terror attack in Pahalgam, Jammu and Kashmir. He acknowledged the solidarity extended by Japan and several colleagues present, reflecting the strength of the India-Japan relationship during challenging times. "India is deeply appreciative of the support that is being extended by Japan, as we have dealt with the tragedy that took place on the 22nd of April in Pahalgam, Jammu and Kashmir in India," Misri said. He stressed the need for global clarity on the issue of terrorism, urging against equating victims and perpetrators. "As we deal with the scourge that is terrorism that doesn't distinguish and that impacts everybody in the world from time to time, it is important that we don't equate the victim and the perpetrator of these attacks," he said.
