UAE Ministry of Industry and Advanced Technology (MoIAT) has signed a memorandum of understanding (MoU) with Etihad Aviation Group in order to provide new incentives for companies certified under the National In-Country Value (ICV) Program.
The incentives include discounts on Etihad’s cargo rates and miles onboard flights. The MoU was signed during the second edition of the Make it in the Emirates Forum.
The MoU builds on the close ties between the ministry and Etihad, which joined the ICV program to support the objectives of the National Strategy for Industry and Advanced Technology and promote sustainable industrial growth.
Mr. Abdullah Al Shamsi, Assistant Under-Secretary for the Industrial Development Sector at MoIAT, said that this MoU aligns with the ministry’s efforts to help local manufacturers increase exports to regional and international markets. It also supports our work to attract Foreign Direct Investment by enhancing the UAE industrial value proposition and providing advantages and incentives that support the UAE’s position as a global hub for industry and advanced technology.
“The National ICV Program is one of the pillars of our national industrial strategy. It supports certified companies by increasing the demand for local products and services, thus stimulating the growth of the industrial sector and the resilience of domestic supply chains. Etihad Aviation Group is one of the ministry’s strategic national partners. It joined the National ICV Program in 2021 and prioritizes local suppliers in its procurement strategy, reflecting the commitment of major national companies to supporting the country’s sustainable industrial and economic development,” Mr. Al Shamsi added.
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