Latest news with #NationalIn-CountryValue
Mid East Info
24-05-2025
- Business
- Mid East Info
Modon Holding, Emaar Properties, Calidus Group and Silal Food & Technology Join the National ICV Program - Middle East Business News and Information
As part of the efforts to expand the National In-Country Value (ICV) program, a signing of four memoranda of understanding (MoUs) took place between the Ministry of Industry and Advanced Technology (MoIAT) and Modon Holding, Emaar Properties, Silal Food & Technology and Calidus Group. The agreements mark the official entry of the four entities into MoIAT's National ICV Program to benefit from the key enablers and advantages that support growth and competitiveness. The signings took place on the second day of Make it in the Emirates 2025, the UAE's comprehensive economic program hosted by MoIAT, organized by Abu Dhabi National Exhibitions Company Group, and held alongside strategic partners the Ministry of Culture, ADNOC Group, and ADIO. Held under the theme 'Advanced Industries. Accelerated', the event brings together local and international manufacturers, investors, and innovators and runs until May 22 at Abu Dhabi National Exhibition Centre. The agreements aim to strengthen cooperation between MoIAT and the four companies in line with the goals of the National ICV Program. The program is a key component of the UAE's Projects of the 50 and supports the objectives of the National Strategy for Industry and Advanced Technology, which aims to achieve significant economic benefits by redirecting procurement spending by government entities and leading national companies back into the economy. The MoUs were signed by His Excellency Omar Al Suwaidi, Undersecretary of MoIAT; H.E Abdulla Al Sahi, Group Managing Director of Modon Holding, Mr. Ahmad Al Matrooshi, Executive Director of Emaar Properties; Salmeen Al Ameri, Chief Executive Officer of Silal Food & Technology, and Dr. Khalifa Murad Alblooshi, Chief Executive Officer of Calidus Group, witnessed by H.E. Tareq Al Hosani, Chairman of Calidus Group. Modon Holding is an international holding company with business sectors including real estate, hospitality, asset management, investments, events, and tourism. While Emaar Properties is a leading real estate developer, both locally and internationally, and Silal Food & Technology aims to diversify food sources and drive agri-food activity. Calidus Group, recognised as a pioneer in providing advanced land and air defence systems, manufactures military vehicles, aircraft, and state-of-the-art military technologies. This partnership builds on the momentum of the National ICV Program in industrial sector, which has generated AED 347 billion in cumulative local expenditure by the end of 2024, supporting industrial self-sufficiency, job creation, and local economic value. These efforts promote industrial self-sufficiency in vital and priority products, create job opportunities, enhance national economic value, and empower Emirati entrepreneurs under the Make it in the Emirates platform. The fourth edition of Make it in the Emirates is drawing strong local and international participation, including prominent decision-makers from both government and private sector entities, entrepreneurs, investors, industrialists, experts, innovators, and financial institutions, along with the participation of more than 720 industrial companies showcasing their innovative products.
Time Out Abu Dhabi
23-05-2025
- Business
- Time Out Abu Dhabi
Abu Dhabi is building the world's first net-zero mosque
Abu Dhabi is no stranger to breaking records, but its latest project is innovation in every sense. Aldar is behind what will be the world's first net zero mosque – and it's using hydrogen steel to do it. Set to rise in Sustainable City Yas Island, this futuristic house of worship will be the first in the Middle East and North Africa to use hydrogen-based steel rebar, supplied by EMSTEEL Group. That's a big deal because steel is one of construction's biggest carbon offenders – but hydrogen-based steel can slash those emissions by up to 95 percent. That means fewer emissions and more blessings for the planet. With space for more than 850 worshippers across 1,595 square metres, the mosque is aiming for LEED Zero Carbon certification – another first for the capital. Everything from the clean energy powering it to the materials used has been chosen with sustainability in mind. From concrete and cooling to prayer carpets and lighting, this is a space where design and devotion meet cutting-edge decarbonisation. The announcement was made during Make It In The Emirates 2025 – a heavyweight gathering of the UAE's industrial and manufacturing minds – where Aldar and EMSTEEL unveiled their game-changing partnership. It's part of a broader push to green the country's construction sector and recirculate value into the UAE economy through the National In-Country Value (ICV) programme. The mosque is part of Aldar's bigger promise to hit net zero across its operations by 2050. With green construction, clean energy, circular economy practices and now hydrogen steel on the cards, it looks like they're well on their way to reaching real estate nirvana. Salwa Al Maflahi, executive director of sustainability and community outreach at Aldar, said: 'The low emissions hydrogen-based rebar is more than a material innovation – it's a catalyst for reshaping our industry. 'As we transition to low-carbon construction, green steel enables us to reduce embodied carbon at scale, without compromising structural integrity or design ambition. Our partnership with EMSTEEL marks a bold step forward in accelerating the decarbonisation of our supply chain and delivering on our net zero ambitions. This is a game changer for sustainable real estate development.' Michael Rion, chief commercial officer at Emirates Steel, part of EMSTEEL Group, said: 'At EMSTEEL, we are proud to support the region's transition to sustainable construction by supplying low-emissions hydrogen-based rebar for this landmark project. collaboration with Aldar represents a significant advancement in the use of green steel and underscores our commitment to innovation, environmental responsibility, and the UAE's industrial sustainability agenda. 'Through such partnerships, we aim to decarbonize the value chain of the construction industry and drive long-term impact across the built environment. This project sets a precedent for future developments, with both Aldar and EMSTEEL exploring the broader adoption of green steel across residential, commercial, and public infrastructure projects in the UAE and beyond.' You might also like… The best beaches in Abu Dhabi for a relaxing day in the sun From quiet family-friendly spots to where you'll find the beach club party atmosphere Everything we know so far about Etihad Rail From map routes to timings and more 19 of Abu Dhabi's most Instagrammable spots Do it for the 'gram
Hi Dubai
23-05-2025
- Business
- Hi Dubai
MoIAT Expands National ICV Programme with Four New Strategic Partners
The Ministry of Industry and Advanced Technology (MoIAT) has signed four new memoranda of understanding (MoUs) with Modon Holding, Emaar Properties, Silal Food & Technology, and Calidus Group, marking a major expansion of the UAE's National In-Country Value (ICV) Programme. The agreements were formalised on the second day of the Make it in the Emirates 2025 forum, held in Abu Dhabi. Organised by MoIAT in collaboration with strategic partners including ADNOC Group and Abu Dhabi Investment Office, the event serves as a key platform to promote local industrial growth under the theme 'Advanced Industries. Accelerated.' By joining the National ICV Programme, the four entities gain access to a range of incentives aimed at enhancing competitiveness and fostering sustainable economic development. The programme redirects procurement spending by government and national companies into the local economy, supporting the UAE's broader vision under the Projects of the 50 and the National Strategy for Industry and Advanced Technology. The MoUs were signed by senior representatives from each organisation, including Omar Al Suwaidi, Undersecretary of MoIAT. The signings were witnessed by Calidus Group Chairman Tareq Al Hosani. The new partners represent diverse sectors: Modon Holding spans real estate and investments, Emaar is a global real estate leader, Silal advances agri-food technology, and Calidus specialises in cutting-edge defence manufacturing. The National ICV Programme has already driven AED 347 billion in local expenditure by the end of 2024, contributing to industrial self-sufficiency, job creation, and increased national economic value. This latest step further strengthens the UAE's push to localise supply chains, empower Emirati talent, and build a globally competitive industrial base. News Source: Emirates News Agency
Web Release
21-05-2025
- Business
- Web Release
Manufacture the Future: UAE Accelerates Industrial Growth with Record Jobs, Exports, and Global Market Access
The United Arab Emirates opened the fourth edition of Make it in the Emirates, its flagship industrial platform, signaling a bold leap forward in its ambition to become one of the world's leading manufacturing and technology-driven economies. Held under the theme 'Advanced Industries. Accelerated', the four-day event brings together more than 700 exhibitors and over 50,000 registered participants, unveiling a suite of investments and strategic agreements to strengthen the UAE's industrial competitiveness under the National Strategy for Industry and Advanced Technology. In his opening address, His Excellency Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, reaffirmed the UAE's commitment to building future industries rooted in resilience, innovation, and global competitiveness. 'With the foresight of our leadership, we are building an inclusive, diversified, and sustainable economy. The future is Made in the UAE,' said HE Dr. Al Jaber. Make it in the Emirates 2025 builds on over USD 45.8 billion in confirmed offtake agreements linked to over 4,800 products across 12 priority sectors, including aerospace, clean energy, agritech, and advanced electronics. It also marks the launch of a USD 272 million Emirates Growth Fund to support tech-driven and SME-led industrial expansion, alongside USD 4.08 billion in competitive financing from the UAE's leading banks. The 2025 edition comes amid rising global demand for high-tech, sustainable, and localized manufacturing. Since its launch in 2021, Make it in the Emirates has become a central force behind the UAE's industrial transformation. Industrial exports reached USD 53.7 billion in 2024 — a 68% increase compared to 2020 — while the sector's GDP contribution rose to USD 57.3 billion. Through the National In-Country Value (ICV) Program, over USD 94.5 billion has been redirected into the national economy, facilitating more than 22,000 private-sector jobs for Emiratis. In parallel, the UAE's foreign trade surpassed USD 1.36 trillion last year, reinforcing the country's growing role as a strategic hub connecting global markets. Make it in the Emirates 2025 is the platform's most expansive edition yet. It offers global investors and manufacturers a direct gateway into one of the world's most strategically positioned and future-focused economies.
Mid East Info
21-05-2025
- Business
- Mid East Info
Manufacture the Future: UAE Accelerates Industrial Growth with Record Jobs, Exports, and Global Market Access
Abu Dhabi, United Arab Emirates: The United Arab Emirates opened the fourth edition of Make it in the Emirates, its flagship industrial platform, signaling a bold leap forward in its ambition to become one of the world's leading manufacturing and technology-driven economies. Held under the theme 'Advanced Industries. Accelerated', the four-day event brings together more than 700 exhibitors and over 50,000 registered participants, unveiling a suite of investments and strategic agreements to strengthen the UAE's industrial competitiveness under the National Strategy for Industry and Advanced Technology. In his opening address, His Excellency Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, reaffirmed the UAE's commitment to building future industries rooted in resilience, innovation, and global competitiveness. 'With the foresight of our leadership, we are building an inclusive, diversified, and sustainable economy. The future is Made in the UAE,' said HE Dr. Al Jaber. Make it in the Emirates 2025 builds on over USD 45.8 billion in confirmed offtake agreements linked to over 4,800 products across 12 priority sectors, including aerospace, clean energy, agritech, and advanced electronics. It also marks the launch of a USD 272 million Emirates Growth Fund to support tech-driven and SME-led industrial expansion, alongside USD 4.08 billion in competitive financing from the UAE's leading banks. The 2025 edition comes amid rising global demand for high-tech, sustainable, and localized manufacturing. Since its launch in 2021, Make it in the Emirates has become a central force behind the UAE's industrial transformation. Industrial exports reached USD 53.7 billion in 2024 — a 68% increase compared to 2020 — while the sector's GDP contribution rose to USD 57.3 billion. Through the National In-Country Value (ICV) Program, over USD 94.5 billion has been redirected into the national economy, facilitating more than 22,000 private-sector jobs for Emiratis. In parallel, the UAE's foreign trade surpassed USD 1.36 trillion last year, reinforcing the country's growing role as a strategic hub connecting global markets. Make it in the Emirates 2025 is the platform's most expansive edition yet. It offers global investors and manufacturers a direct gateway into one of the world's most strategically positioned and future-focused economies.
