“Make in the Emirates” attract investments worth 20 billion dirhams in 2024
Abu Dhabi, February 17/ WAM/ Osama Amir Fadl, Assistant Undersecretary for the Industrial Staff Sector in the Ministry of Industry and Advanced Technology, said that the “Maken in the Emirates” forum contributed to attracting new industrial investments worth 20 billion dirhams during 2024.
Fadl added in statements to the Emirates News Agency “WAM” on the sidelines of the launch of the activities of the IDEX and Navdex exhibitions 2025 today that 12.7 billion dirhams were provided as financing solutions for the industrial sector in the country until the end of 2024/68% of it for small and medium -sized companies through the Emirates Development Bank and Abu Dhabi First Bank And the Mashreq Bank.
He pointed out that the technological shift in the industry had a large share of the capabilities of 2.33 billion dirhams.
Fadl added that guaranteed purchase opportunities worth 143 billion dirhams were provided to manufacture 2000 products in the UAE, pointing to the growth of this number during “Make in the Emirates 2025”, whether at the level of products for local manufacturing or new purchase opportunities.
He stressed that the IDEX exhibition constitutes an important opportunity to introduce the role of the initiative in supporting the growth of the industrial sector, potentials and incentives provided to industrial companies in the UAE.
He added that the defense industries sector in the UAE is one of the tributaries of economic diversification and competitiveness in international markets.
He touched on the exhibits of the Ministry of Industry and Advanced Technology during the IDEX 2025, including initiatives supporting industrial companies in the country, enhancing their competitiveness in international markets, empowering exports, competitive financing solutions, contracting partnerships, and benefiting from comprehensive economic partnership agreements.
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