Latest news with #localindustry
Economy ME
21-05-2025
- Business
- Economy ME
UAE's Tawazun Council, Thales partner to support Emirati suppliers with $163 million work packages
The UAE's Tawazun Council and Thales Group have signed an agreement to empower more than 20 certified local suppliers with work packages worth AED600 million ($163.35 million). The signing took place during Make it in the Emirates 2025 in Abu Dhabi. The agreement falls under the framework of the 'Go to UAE' initiative, a flagship program jointly launched by Tawazun Council, the Ministry of Industry and Advanced Technology and Thales. The initiative aims to integrate local suppliers into the global supply chains of Thales and other leading defence and technology companies by equipping them to meet top international standards and enabling access to long-term, high-value projects both locally and globally. Project to strengthen national supply chain capabilities Since its launch in 2023, the program has made significant strides. In its first year, nine Emirati companies successfully met international accreditation requirements, reflecting the growing readiness of national talent and industries to compete in advanced manufacturing sectors. The local suppliers participating under the new agreement will contribute to a wide range of specialized projects, including PCB assembly, electromechanical systems, pre-assembled cabling, and precision machining. These efforts will directly enhance the UAE's defence industrial autonomy and strengthen national supply chain capabilities. 'The success of the 'Go to UAE' initiative is a testament to the progress we are making in enabling national suppliers to access global supply chains and contribute to key defence and technology projects. Through the Economic Offset Program, Tawazun remains committed to building partnerships that generate sustainable value for the UAE's economy and industrial base,' stated Majed Saif Al Shamsi, executive firector of Tawazun Economic Program (Offset) at Tawazun Council. Read| Make it in the Emirates 2025: ADIO launches AI-driven partnership with e& enterprise to accelerate industrial growth Thales to deliver advanced training and upskilling programs Developing the local suppliers along with Emirati talent remains a cornerstone of this collaboration. Thales is committed to delivering advanced training and upskilling programs, aimed at cultivating a qualified pool of Emirati national professionals in critical domains such as advanced technologies and electronics. This aligns with the UAE's vision for localizing strategic industries and creating high-value opportunities for its citizens. 'The 'Go to UAE' program is a prime example of how connecting world-class UAE suppliers with international markets can drive economic growth and technological advancement. By bringing 'Made in the Emirates' solutions to a global platform, we are not only strengthening the UAE's defence capabilities but also setting a new benchmark for export-driven growth,' stated Roque Carmona, chief procurement officer at Thales Group. This agreement also reflects Tawazun Council's ongoing efforts to leverage the Tawazun Economic Program to enable investment in the local industrial ecosystem, drive added value to the national economy, and boost the global competitiveness of the UAE's defence and technology sectors.
Zawya
20-05-2025
- Business
- Zawya
NMDC Energy awarded ICV Excellence Award at MIITE
Award presented at Make it in the Emirates (MIITE) which is taking place between 19 to 22 May 2025 in Abu Dhabi. Abu Dhabi, UAE – NMDC Energy, a provider of engineering, procurement and construction services for offshore and onshore energy clients, has received The ICV Excellence Award in the category of Semi-Governmental Manufacturers at the Make it in Emirates forum in Abu Dhabi. The ICV Excellence Award recognizes manufacturers that have obtained the In Country Value certification and it celebrates their efforts to support the growth and development of local industries, businesses, communities, and talent in the UAE. To qualify for the award, companies will have had to have demonstrated commitment to the ICV program by supporting the local economy and creating jobs in the country. They will have had to undertake effective efforts to develop the local workforce and contributed to the growth of the local economy. Eng. Ahmed Al Dhaheri, CEO of NMDC Energy, commented: 'NMDC Energy is a champion of local industry and one of our defining strengths is that our work brings deep strategic value to the entire UAE economy. We're proud to be recognized, with the award win reflecting the true spirit of our efforts to maximize value from our resources and assets and to empower local business. More precisely, we believe it's critical to engage with international partners that also share in this ethos, where they have a strong willingness to contribute expertise, capital, and technologies that bring far reaching benefits to our local industry and to the broader economy.' At MIITE, NMDC Group & NMDC Energy are showing how their work serves as a catalyst in propelling the development of Abu Dhabi and how the businesses within the Group bolster the UAE's efforts to further shape its modern landscape and stimulate the local economy. The Group is announcing several strategic partnerships, and will also provide updates on its projects, particularly its work internationally where the Group has an active pipeline of activities in Saudi Arabia, Oman, Taiwan, and Vietnam, alongside its work in the UAE. Furthermore, NMDC Energy reinjecting around AED 17 billion back into the economy by enhancing opportunities for UAE- based small and medium businesses.
