Latest news with #OmarSuwainaAlSuwai
Trade Arabia
20-05-2025
- Business
- Trade Arabia
UAE signs deal with Airbus to boost local aerospace capabilities
The Ministry of Industry and Advanced Technology (MoIAT) has signed a strategic MoU with Airbus Africa and Middle East to advance the development of a domestic aerospace capability enhancement programme. The MoU establishes a framework for long-term collaboration to support the UAE's national industrial objectives, including supplier development, skills transfer, and integrating local companies into Airbus's global value chain, said the ministry in a statement. The initiative aligns with the UAE's National Strategy for Industry and Advanced Technology, which seeks to position the country as a global hub for future industries, it stated. Omar Suwaina Al Suwaidi, Under-Secretary of the Ministry of Industry and Advanced Technology, and Gabriel Semelas, President of Airbus Africa and the Middle East, signed the agreement on the sidelines of Make it in the Emirates 2025, the UAE's flagship industrial platform. Held under the theme 'Advanced Industries. Accelerated', Make it in the Emirates 2025 is set to be the largest edition yet, featuring more than 700 exhibitors and showcasing over 3,800 locally manufactured products across over 68,000 square meters of exhibition space. The event builds on more than AED160 billion in offtake opportunities linked to over 4,800 products identified for local manufacture, said the statement.
Zawya
20-05-2025
- Business
- Zawya
UAE Ministry of Industry and Advanced Technology and Airbus partner to boost local aerospace capabilities
Abu Dhabi-UAE. May 20, 2025 – The Ministry of Industry and Advanced Technology (MoIAT) has signed a strategic Memorandum of Understanding (MoU) with Airbus Africa and Middle East to advance the development of a domestic aerospace capability enhancement program. His Excellency Omar Suwaina Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology, and Gabriel Semelas, President of Airbus Africa and the Middle East, signed the agreement on the sidelines of Make it in the Emirates 2025, the UAE's flagship industrial platform. The MoU establishes a framework for long-term collaboration to support the UAE's national industrial objectives, including supplier development, skills transfer, and integrating local companies into Airbus's global value chain. The initiative aligns with the UAE's National Strategy for Industry and Advanced Technology, which seeks to position the country as a global hub for future industries. Held under the theme 'Advanced Industries. Accelerated', Make it in the Emirates 2025 is set to be the largest edition yet, featuring more than 700 exhibitors and showcasing over 3,800 locally manufactured products across over 68,000 square meters of exhibition space. The event builds on more than AED 160 billion in offtake opportunities linked to over 4,800 products identified for local manufacture. Make it in the Emirates reinforces the UAE's commitment to advancing industry, fostering strategic partnerships, and accelerating the adoption of advanced technologies.
Zawya
09-05-2025
- Business
- Zawya
Egypt joins ITA's program to foster clean industrial projects in MENA region
Arab Finance: Egypt signed a new agreement as critical Industrial Transition Accelerator (ITA) partner, joining the UAE and Bahrain to promote clean industrial projects in the MENA region, according to an emailed press release. The joint deal was signed by Omar Suwaina Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology of the UAE, and Duaa Salima, Executive Director of the Industrial Modernization Center (IMC). The signing ceremony was attended by Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and ITA Co-Chair of the Industrial Transition Accelerator, Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport in Egypt, and Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade. Al Suwaidi commented: 'The ITA's new partnership with Egypt marks the beginning of an exciting chapter, where we can strengthen regional cooperation to advance industrial sustainability, and reduce carbon emissions.' He added: 'The ITA is a strategic necessity for building a resilient industrial ecosystem that aligns with future global trends. It works to enable industries to adopt practices and technologies that minimize environmental impact while improving productivity.' The ITA aims to gather leadership across industry, finance, and governments to accelerate decarbonization in key high-emitting industries on both the regional and global levels for the aluminum, cement, chemicals, steel, aviation, and shipping sectors. The partnership will expand and support essential green industrial projects across the MENA region, marking a major step forward in reducing the industrial sector's carbon footprint. Egypt's inclusion in the initiative marks significant milestone, making it the third country to join the ITA's MENA Program, following the UAE and Bahrain. Egypt is major industrial hub in the MENA region, as it contributed to the global shift toward sustainable industry, given its strategic location and access to conventional and renewable energy sources. The state's industrial strategy aims to contribute to the GDP from 14% to 20% by 2030 and the green economy's share to 5% of gross domestic product (GDP), which will play a vital role in green economic development. With this inclusion, Egypt has the opportunity to become a critical supplier within the MENA region for Europe's demand for low-carbon commodities. In 2024, the ITA launched Project Support Programs in partnership with the governments of Brazil, the UAE, and Bahrain. So far, these programs have promoted over 45 projects, with investment opportunities of more than $100 billion. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
