Post by : Bianca
Haleem
The Department of Economy and Tourism in Dubai (DET) has forged vital agreements with top finance and logistics firms as part of the ‘Make it in the Emirates 2026’ initiative. These partnerships aim to empower local manufacturers and exporters to enhance their presence in global markets.
These strategic collaborations are aligned with the Dubai Economic Agenda D33’s goals, striving to more than double the manufacturing output by 2033 and solidify Dubai's status as a premier global trade and manufacturing center.
Financial Collaborations Boosting Export Capacity
Dubai has secured financing agreements with Emirates Development Bank and Etihad Credit Insurance, aimed at improving funding access and export security for manufacturers.
These collaborations will offer businesses:
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Competitive trade finance options
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Working capital assistance
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Export financing solutions
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Financial guarantees
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Export credit insurance
Such services are designed to minimize risks associated with international trade, enhance cash flow, and facilitate expanded market access for exporters.
Logistics Partnerships Minimize Shipping Expenses
Additionally, new logistics agreements with DHL, Aramex, and Al-Futtaim Logistics are set to optimize shipping services for exporters.
These partnerships will deliver:
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Competitive shipping rates
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Accelerated delivery services
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Customized logistics solutions
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Comprehensive supply chain support
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Enhanced ground logistics
With these agreements, manufacturers are expected to lower shipping costs, tackle supply chain hurdles, and deliver goods more efficiently worldwide.
Dubai’s Commitment to Global Trade Advancement
Mohamad Sharaf, COO Investment Attraction at Dubai Economic Development Corporation (DEDC), emphasized that Dubai is committed to crafting effective business solutions that enable companies to globalize.
He highlighted that these new partnerships will enhance access to financial resources, export protection, and logistics support. This initiative, he stated, will mitigate risks, enhance competitiveness, and unlock new global market opportunities, aligning with Dubai’s D33 economic targets.
UAE Industrial Growth Support
These agreements symbolize Dubai’s dedication to supporting the broader industrial objectives of the UAE through initiatives such as ‘Make it in the Emirates’. This initiative fosters collaboration among government bodies, financial institutions, logistic firms, and the private sector.
Through the Export Assistance Programme, DEDC will persist in offering exporters solutions to overcome market challenges, boost competitiveness, and facilitate the international expansion of Dubai’s manufacturers.
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