Post by : Bianca
Haleem
Dr. Sultan bin Ahmed Al Jaber, the UAE's Minister of Industry and Advanced Technology, emphasized the nation’s robust resilience against both regional and global challenges. He attributed this strength to the vision of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the solidarity within Emirati society.
These comments were made during the inauguration of the fifth edition of the Make it in the Emirates forum, the foremost platform for the country’s industrial agenda. Here, he unveiled AED 180 billion in fresh industrial procurement avenues aimed at localizing over 5,000 products across vital sectors including economy, food, and healthcare.
Dr. Al Jaber expressed that the UAE is transforming recent adversities into prospects and continues prioritizing the establishment of a formidable industrial framework. He highlighted that resilience, economic independence, and industrial expansion are central to the nation’s long-term strategy.
He also commended the UAE Armed Forces, frontline workers, and national entities for ensuring stability during times of tension.
Significant Industrial Sector Growth
The minister noted substantial growth in the UAE's industrial sector, which now contributes AED 200 billion to the national economy, reflecting a 70% increase since 2021. Industrial exports have surged to AED 262 billion, showcasing AED 92 billion from advanced industries.
These milestones indicate the effectiveness of the UAE's industrial strategy and the results it is yielding.
The National In-Country Value (ICV) Program has been instrumental in propelling this advancement by fostering local industries and investments.
Growing Investments and Opportunities
The overall worth of industrial procurement opportunities has escalated from AED 168 billion to AED 180 billion over the coming decade.
This forum succeeds the Make it with ADNOC event, which highlighted over AED 200 billion in projects slated for the next two years. A new initiative entitled “Local+” was also introduced to link contractors with 70 Emirati manufacturers.
Economic Stability and Global Trade Insights
Dr. Al Jaber underscored the necessity of building economic security domestically, stressing it cannot be sourced externally. He cautioned that disruptions in global trade routes have potential repercussions worldwide.
Concerning the Strait of Hormuz, he affirmed that maintaining freedom of navigation is vital and should remain uncompromised, given its importance for global economic stability.
Shifting UAE’s Energy Strategy
Dr. Al Jaber also addressed the UAE’s strategic repositioning in the global energy sphere, including its departure from OPEC and OPEC+. He indicated that this decision aims to align with national interests and bolster investment and growth.
The UAE will continue to maintain its responsible role within global energy markets while acquiring greater flexibility.
AI’s Role in Future Industries
He announced that artificial intelligence will be pivotal in shaping the future of industries in the UAE, serving as an “industrial brain” to enhance efficiency, productivity, and decision-making.
UAE: A Global Investment Destination
Dr. Al Jaber welcomed global investors and manufacturers to consider the UAE, spotlighting its favorable business environment, developed infrastructure, and connectivity.
He also called on the private sector to prioritize domestic investments, viewing this focus as essential for sustained economic stability.
Vision for the Future
He concluded by stating that the future economy will hinge on three key pillars: energy, technology, and industry. Nations that integrate these elements will spearhead global growth.
He wrapped up with a clear call to action:
“Build with us. Invest with us. Make it in the Emirates.”
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