Osama Amir Fadl, Deputy Undersecretary for the Industrial Accelerators Sector at the Ministry of Industry and Advanced Technology, said that the 'Make it in the Emirates' Forum has helped attract AED20 billion in new industrial investment in 2024.
Publish dateTuesday 18 February 2025 - 20:21
According to Amac News, speaking to the Emirates state news agency (WAM) on the sidelines of IDEX and NAVDEX 2025, Fadl explained that by the end of 2024, AED 12.7 billion in financial solutions have been allocated to the UAE’s industrial sector, with 68 percent of these resources allocated to small and medium-sized enterprises (SMEs).
He noted that a significant portion of this financing, amounting to AED 2.33 billion, has been allocated to accelerate technological transformation in the industrial sector.
The Emirati official stressed that his ministry has provided procurement opportunities for more than 2,000 national products worth over 143 billion dirhams, and this number is expected to increase under "Make in the Emirates 2025".
He noted that a significant portion of this financing, amounting to AED 2.33 billion, has been allocated to accelerate technological transformation in the industrial sector.
The Emirati official stressed that his ministry has provided procurement opportunities for more than 2,000 national products worth over 143 billion dirhams, and this number is expected to increase under "Make in the Emirates 2025".
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Source : news agency wam
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