Latest news with #UAEIndustry
Al Bawaba
22-05-2025
- Business
- Al Bawaba
ADIB and Ministry of Industry and Advanced Technology Sign Agreement to Accelerate Investment in the UAE's Industrial and Technology Sectors
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution in the UAE, has signed an agreement with the Ministry of Industry and Advanced Technology (MoIAT) during Make it in the Emirates 2025 to support investment and growth across the country's industrial and technology sectors. The partnership sets out a joint framework for Sharia-compliant financing solutions for local and international investors, while helping to advance the UAE's industrial capabilities and encourage the adoption of advanced technology in manufacturing. The agreement also reinforces the shared commitment of both parties to empowering the SME sector, supporting expansion plans and boosting industrial competitiveness in the UAE. The agreement outlines a series of cooperation areas including facilitated access to financing for industrial projects, support for business growth and expansion, and advisory services for small and medium enterprises. ADIB will offer financial solutions aligned with the goals of National Strategy for Industry and Advanced Technology, while also providing regular updates and tailored financing packages that cater to industry-specific needs. His Excellency Osama Amir Mohamed Fadhel, Assistant Undersecretary for the Industrial Accelerators Sector at the Ministry of Industry and Advanced Technology (MoIAT), said: 'MoIAT continues to build strong partnerships with government and private entities and financial institutions to strengthen the industrial sector and provide innovative solutions that drive the growth of industrial and technological projects.'He added: 'Financial institutions have played a vital role in advancing the goals of the various initiatives, plans, and programs launched by MoIAT. We greatly value the signing of this agreement with ADIB and encourage industrial companies to take full advantage of the comprehensive packages, incentives, and enablers we offer to support their expansion and long-term growth.'Supporting the Private SectorCommenting on the partnership, Mohamed Abdelbary, Group Chief Executive Officer of ADIB, said: "This MoU reflects our strong commitment to supporting the growth of the UAE's industrial and SME sectors through ethical, Sharia-compliant financing. We are proud to collaborate with MoIAT to deliver innovative banking solutions that align with national development priorities and help businesses scale with confidence. By supporting the 'Make it in the Emirates' initiative and the related forum, we are contributing to a more diversified and globally competitive industrial base, empowered by advanced technology and guided by strategic investment. ADIB remains committed to delivering practical, value-driven financial solutions that enable businesses to grow, innovate, and thrive".Financial SolutionsThe agreement will see ADIB offer financial solutions with competitive profit rates and extended repayment periods, in line with its internal policies and regulatory requirements. It also reinforces ADIB's wider mission to support economic diversification and long-term prosperity in the UAE through responsible Islamic banking. Through this collaboration, MoIAT and ADIB will jointly promote investment opportunities within the UAE, drawing on shared expertise, data and sectoral insights. ADIB will also support MoIAT's efforts to accelerate the application of advanced technologies across key industries, with a focus on enabling sustainable and future-ready growth.
Zawya
21-05-2025
- Business
- Zawya
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. Make it in the Emirates reinforces the UAE's commitment to advancing industry, fostering strategic partnerships, and accelerating the adoption of advanced technologies, it added. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
20-05-2025
- Business
- Zawya
UAE: MoIAT, Airbus partner to boost local aerospace capabilities
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 programme. 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. 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 AED160 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
20-05-2025
- Business
- Zawya
MoIAT and Emirates Growth Fund sign strategic MoU to accelerate UAE's industrial growth
Abu Dhabi - The Ministry of Industry and Advanced Technology (MoIAT) and the Emirates Growth Fund (EGF) signed a strategic Memorandum of Understanding (MoU) today at Make it in the Emirates 2025 that reinforces their shared commitment to accelerating industrial growth in the UAE. The agreement aims to align growth capital with national industrial priorities by supporting promising growth-stage SMEs in UAE priority economic development sectors, including manufacturing, food security, healthcare, and advanced technology. The partnership aligns the objectives of Operation 300bn, MoIAT's national strategy to raise the industrial sector's contribution to AED 300 billion by 2031, with the potential impact for UAE-based SME represented byEGF, the nation's flagship AED 1 billion growth equity platform backed by Emirates Development Bank (EDB). The MoU establishes a framework for strategic collaboration across key areas, including joint development of a pipeline of SMEs seeking growth equity, coordinating on marketing and public communication initiatives to identify opportunities to build national champions, as well as aligning on key policy initiatives that can enable SMEs to have better access to private capital markets. The MoU was signed at Make it in the Emirates 2025 by H.E. Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology, and H.E. Najla Al Midfa, Vice Chair & Managing Director of the Emirates Growth Fund, and was witnessed by H.E. Dr. Ahmad Belhoul Al Falasi, Minister of Sports and Chairman of the Emirates Growth Fund . H.E. Omar Al Suwaidi said: 'This MoU lays the foundation for deeper collaboration to unlock value across priority sectors and support the UAE's economic transformation. EGF is a key partner in realizing our national industrialization vision.' H.E. Najla Al Midfa said: 'This partnership reflects a national ambition to build a stronger industrial future led by homegrown champions. EGF exists to back these businesses with more than capital: we offer partnership, guidance, and long-term belief in their potential.' EGF was launched at Make it in the Emirates 2025 where fund leaders will also announce its first investment in the healthcare sector. EGF aims to help bridge a AED7 billion funding gap for UAE-based SMEs that have moved beyond early-stage funding but require long-term, flexible capital to scale. EGF supports national champions in priority sectors and works in line with the objectives of Operation 300bn. -Ends- About the Ministry of Industry and Advanced Technology (MoIAT) About the Ministry of Industry and Advanced Technology (MoIAT): The UAE Ministry of Industry and Advanced Technology (MoIAT) was established in July 2020 to drive the country's industrial development and promote the adoption of advanced technologies across priority sectors. MoIAT leads the implementation of Operation 300bn, the UAE's national industrial strategy, which aims to increase the industrial sector's contribution to GDP to AED 300 billion by 2031. Through enabling policies, strategic partnerships, and innovation-led programs, the Ministry plays a central role in supporting economic diversification, enhancing national resilience, and fostering sustainable industrial growth. About Emirates Growth Fund Emirates Growth Fund (EGF) is a dedicated AED 1 billion growth equity fund established to accelerate the scale and impact of UAE-based small and medium enterprises (SMEs) operating in critical sectors. Backed by Emirates Development Bank (EDB), EGF provides flexible, patient capital and active strategic support to help high-potential businesses grow sustainably, innovate with purpose, and contribute to the UAE's long-term economic resilience and diversification. EGF focuses exclusively on UAE-headquartered SMEs in priority sectors, including manufacturing, food security, healthcare, and advanced technology. For more details, visit [ For more information, please contact: Hind Ahli / Meera Alrahma Emirates Development Bank /
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.
