Latest news with #UAEMinistryofIndustryandAdvancedTechnology
28-05-2025
- Business
MoIAT Strengthens Industrial Standards As It Signs Strategic Pact with MCBG
The UAE Ministry of Industry and Advanced Technology (MoIAT) has signed a strategic Memorandum of Understanding with the Multinational Companies Business Group (MCBG) to advance standardisation, technical regulations, and capacity building—key pillars of the country's industrial and economic strategy. The agreement was formalised during the Make it in the Emirates forum by Dr. Farah Al Zarooni, Assistant Undersecretary for Standardization Affairs at MoIAT, and Turki Bin Moammar, Chairperson of MCBG, in the presence of senior officials from both parties. This partnership reflects a concerted effort to align the UAE's regulatory frameworks with global best practices. Under the agreement, MoIAT and MCBG will launch joint initiatives such as expert exchanges, capacity-building programs, participation in standardisation committees, and collaboration on innovation-led projects. Dr. Al Zarooni emphasized that the MoU demonstrates MoIAT's commitment to deepening ties with international industry leaders and promoting a regulatory environment that drives innovation and sustainable growth. 'Aligning our frameworks with international standards is vital to realising the UAE's strategic vision,' she said. Representing global companies with a combined market capitalization of over $12 trillion, MCBG brings deep expertise across sectors including manufacturing, energy, technology, and healthcare. Turki Bin Moammar noted the MoU affirms MCBG's dedication to supporting the UAE's industrial and economic progress through meaningful collaboration and knowledge sharing. The agreement marks a significant step in fostering a resilient, innovation-driven industrial ecosystem, reinforcing the importance of public-private partnerships in strengthening national competitiveness and regulatory excellence. News Source: Emirates News Agency
Dubai Eye
21-05-2025
- Business
- Dubai Eye
MoIAT secures AED 40 billion in bank partnerships to boost UAE industry
The UAE Ministry of Industry and Advanced Technology has secured over AED 40 billion in financing to boost the country's industrial sector, following the signing of five major agreements with leading national banks. Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, witnessed the signing of Memoranda of Understanding with First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, and WIO Bank. The agreements aim to provide competitive financing for industrial companies, particularly small and medium-sized enterprises, and to support investment in advanced technologies across the UAE. Omar Al Suwaidi, Under-Secretary at the Ministry, said the initiative reflects the Ministry's commitment to empowering the industrial sector through strategic partnerships with top financial institutions. He added that the MoUs will help SMEs scale, innovate and contribute to the UAE's goal of building a diversified, knowledge-based economy. The partnerships will foster entrepreneurship, enhance access to flexible financing, and further strengthen collaboration between the government and financial sector in advancing the UAE's economic resilience and sustainability.
21-05-2025
- Business
MoIAT secures AED 40 billion in bank partnerships to boost UAE industry
The UAE Ministry of Industry and Advanced Technology has secured over AED 40 billion in financing to boost the country's industrial sector, following the signing of five major agreements with leading national banks. Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, witnessed the signing of Memoranda of Understanding with First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, and WIO Bank. The agreements aim to provide competitive financing for industrial companies, particularly small and medium-sized enterprises, and to support investment in advanced technologies across the UAE. Omar Al Suwaidi, Under-Secretary at the Ministry, said the initiative reflects the Ministry's commitment to empowering the industrial sector through strategic partnerships with top financial institutions. He added that the MoUs will help SMEs scale, innovate and contribute to the UAE's goal of building a diversified, knowledge-based economy. The partnerships will foster entrepreneurship, enhance access to flexible financing, and further strengthen collaboration between the government and financial sector in advancing the UAE's economic resilience and sustainability.
Al Etihad
17-05-2025
- Business
- Al Etihad
TRENDS named Knowledge Partner of "Make it in the Emirates Forum 2025"
17 May 2025 14:43 ABU DHABI (ALETIHAD)TRENDS Research & Advisory announced on Saturday its participation as a Knowledge Partner in the 4th edition of the "Make it in the Emirates Forum" and its accompanying exhibition, will be hosting by the UAE Ministry of Industry and Advanced Technology (MoIAT) and organised by Capital Events, a subsidiary of the ADNEC forum titled "Accelerating Advanced Industries", will take place from May 19 to 22, 2025, at the Abu Dhabi National Exhibition Centre (ADNEC). It will bring together an elite group of experts, manufacturers, investors, innovators, and pioneers from various a Knowledge Partner, TRENDS will contribute to enriching the forum and exhibition through a special, AI-enhanced pavilion. The pavilion will feature the most prominent publications were published by the centre, including specialised studies and analyses on relevant industrial and economic sectors and other fields. It will also hold various knowledge events and activities to promote the exchange of expertise and insights and highlight the latest trends, challenges, and opportunities in the industrial TRENDS researchers will prepare a white paper summarising the most important outcomes and ideas discussed during the forum and exhibition, offering valuable insights and recommendations for participants and Mohammed Abdullah Al-Ali, CEO of TRENDS Research & Advisory, said, 'We are proud at TRENDS to be a Knowledge Partner of this important forum and its accompanying exhibition.' He added, "This partnership reflects our strong belief in the vital role of the industrial sector in achieving sustainable development, diversifying income sources, and enhancing innovation and knowledge."Dr. Al-Ali expressed his hope that the centre will effectively contribute to enriching discussions, sharing expertise, and providing valuable insights that serve the forum and its participants' objectives through the TRENDS pavilion and its knowledge activities. The Make it in the Emirates Forum 2025 is the UAE's leading industrial event. It brings innovators, investors, and policymakers together to shape the industry's future. Over four days, the forum will illuminate opportunities, showcase the latest innovations, and promote collaboration across 12 key industrial sectors. Source: Aletihad - Abu Dhabi
Sharjah 24
28-04-2025
- Business
- Sharjah 24
"Make it in the Emirates" expands investment at SRTIP
Organised by ADNEC Group in collaboration with the UAE Ministry of Industry and Advanced Technology, the event was held at SRTIP's headquarters in Sharjah with the goal of supporting a knowledge- and innovation-driven industrial economy and expanding investment opportunities for entrepreneurs and industrial investors across the UAE. A Platform to Drive a Knowledge-Based Industrial Economy Alhaj emphasised that the "Make it in the Emirates" initiative, organised by ADNEC Group in cooperation with the Ministry, represents a vital platform for propelling the UAE's journey towards a knowledge- and innovation-based advanced industrial economy. Strengthening Public-Private Partnerships Speaking exclusively to ' Sharjah 24 ,' Alhaj highlighted that the event underscores the importance of close collaboration between the public and private sectors. This cooperation plays a crucial role in empowering investors, entrepreneurs, and industrial companies to explore new avenues for growth and expansion, aligning with the UAE's vision of building a competitive, sustainable, and knowledge-driven economy. Unveiling Promising Investment and Industrial Opportunities The Director of Strategic Communications and Marketing noted that the "Make it in the Emirates" initiative aims to spotlight promising industrial and investment opportunities. It also creates an interactive platform that brings investors and entrepreneurs together with key decision-makers from the industrial sector, enhancing the development of the national industrial ecosystem and boosting its contribution to the UAE's GDP. Sharjah Innovation Park: A Hub for Future Industries Juma Alhaj concluded by reaffirming that the SRTIP continues to work diligently to establish itself as a leading hub for attracting innovative industries and future-focused companies. Through pioneering initiatives, the SRTIP contributes actively to achieving the goals of the UAE's National Strategy for Industry and Advanced Technology.
