Dubai Industrial City Signs Key Strategic Partnerships
Dubai Industrial City, a member of TECOM Group PJSC, signed three major strategic partnerships with the Ministry of Industry and Advanced Technology (MoIAT), the Ministry of Climate Change and Environment (MOCCAE), the Emirates Development Bank (EDB) and Dubai’s Department of Economy and Tourism (DET).
The partnerships aim to stimulate growth in the UAE’s manufacturing industry with the aim to strengthen the UAE's position as a sustainable, attractive global industrial hub.
The signing ceremony at Jumeirah Emirates Towers in Dubai on 3 May 2023 was attended by high-ranking officials and VVIPs including His Excellency Omar Al Suwaidi, Undersecretary of the Ministry Industry and Advanced Technology; His Excellency Eng. Mohammed Alameeri, Assistant Undersecretary for the Food Diversity Sector at the Ministry of Climate Change and Environment; Ahmed Al Naqbi, CEO of Emirates Development Bank; Hadi Badri, CEO of Dubai Economic Development Corporation – Dubai’s Department of Economy and Tourism; Abdulla Belhoul, Chief Executive Officer of TECOM Group; and Saud Abu Alshawareb, Executive Vice President of Industrial Leasing – TECOM Group.
The agreements are in line with the long-term goals of the Operation 300bn, ‘Make it in the Emirates’ the ‘National Food Security’ and the UAE Net Zero by 2050 strategies to develop the UAE industrial sector and raise its in-country value and global exports .
The agreements will amplify local and regional opportunities for industrial growth and create a multi-pronged approach that fosters collaboration between the public and private sectors to address economic priorities such as advanced manufacturing, sustainability and food security.
Commenting on the partnership, His Excellency Omar Al Suwaidi, Undersecretary of the Ministry Industry and Advanced Technology said: “MoIAT is proud to support the Make Brilliance campaign, which is synergised with the objectives of the Make it in the Emirates initiative – one of the key pillars of our industrial sector and a vital contributor to the UAE’s economic growth and diversification.
"Through the Make it in the Emirates initiative, we are forging a robust industrial community of local and international companies who are all contributing to the UAE’s economic growth and diversification.
Following the signing ceremony, Saud Abu Alshawareb, Executive Vice President of Industrial Leasing – TECOM Group, said the agreements would pave the way for Dubai Industrial City to secure pathways for expanding the in industrial and logistics sectors in Dubai and the UAE.
Growing a national manufacturing industry
Dubai Industrial City is building on its longstanding partnership with MoIAT and EDB to promote the ‘Make it in the Emirates’ initiative under Operation 300bn, which invites investors, innovators and developers to participate in the national industrial and advanced manufacturing sectors.
As part of a tripartite agreement signed during the event, MoIAT, EDB and Dubai Industrial City will collaborate to strengthen the UAE’s reputation as a global destination for future industries.
MoIAT will bring on Dubai Industrial City as a private sector partner to collaboratively advance the economic priorities of ‘Make it in the Emirates’ at local, regional, and international events.
These joint efforts to grow the UAE’s manufacturing and industrial sectors will be strengthened by Dubai Industrial City’s renewed partnership with EDB to secure AED1 billion in financing for its customers.
Commenting on the agreement, Ahmed Al Naqbi, CEO of Emirates Development Bank, said: “The signing of this MoU today underscores EDB’s vital role in strengthening the economic resilience and competitiveness of the UAE. In 2022, EDB approved AED513.4 million towards financing projects and businesses based in Dubai Industrial City."
New partnerships with MOCCAE and Dubai’s DET
Dubai Industrial City and MOCCAE signed an agreement to boost food security to support the ‘National Food Security Strategy 2051’.
Both parties will promote adopting advanced technology to strengthen the local food production sector and emphasise the importance of innovation, knowledge-sharing, and nutrition security.
His Excellency Eng. Mohammed Alameeri, Assistant Undersecretary for the Food Diversity Sector at the Ministry of Climate Change and Environment, stressed that all are partners in supporting the competitiveness of the UAE and achieving its goals to enhance food security based on innovative solutions and modern technologies that are environmentally friendly and climate smart.
Sustainability remains a key pillar for Dubai Industrial City and the UAE’s overarching manufacturing roadmap.
The agreement with Dubai’s DET will contribute to the Dubai Economic Agenda ‘D33’ by attracting foreign direct investment in the manufacturing and logistics sectors.
By showcasing the ecosystem’s ready-to-use offerings before global audiences, Dubai Industrial City aims to attract international manufacturers to set up and export from Dubai and the UAE.
Hadi Badri, CEO of Dubai Economic Development Corporation – Dubai’s Department of Economy and Tourism, said: “As Dubai’s Department of Economy & Tourism, we are committed to building on the strength of Dubai’s progressive public-private partnership model to deliver the Dubai Economic Agenda ‘D33’."
Launch of #MakeBrilliance
The event also kicked off Dubai Industrial City’s #MakeBrilliance campaign, which will elevate the industrial hub’s status globally. MoIAT, MOCCAE, EDB and Dubai’s DET will amplify the campaign at global, regional and local events.
Established in 2004, Dubai Industrial City is one of the region’s largest industrial manufacturing and logistics hubs.