UAE’s Ministry of Industry and Advanced Technology (MoIAT) has signed an agreement with Dubai-based DUBAL Holding in order to strengthen industrial cooperation and explore opportunities.
As part of the agreement, the two entities will work together to develop a framework to boost the industrial and technology sectors to ensure economic diversification.
According to the statement, the scope of the agreement covers industrial collaboration, attracting knowledge and technology, exploring growth opportunities, and providing incentives to drive industrial growth and promote advanced technology adoption.
“This agreement supports the development of the UAE as a global industrial hub. By offering incentives to companies as part of our unique value proposition, the UAE MoIAT and its partners are creating significant growth opportunities for manufacturers. We see DUBAL Holding as one of the key national industrial vehicles in advancing this growth. The UAE’s competitive advantages make doing business easy and enable companies to adopt the technologies and attract the talents needed to thrive. The ”Make it in the Emirates” Forum is a key platform for showcasing these advantages and we look forward to exploring the new opportunities that were discussed.”
Mr. Ahmad Hamad Bin Fahad, CEO of DUBAL Holding said that, “This agreement is an important step towards cooperation that will foster the advancement of industries and sustainable technology, which is significant in diversifying the economy and overall development of the country.”
“This project is in line with DUBAL Holding’s commitment to invest in promising projects in the non-ferrous metals, industrial, power, and energy value chain while paying special attention to recycling, sustainability, and technological innovation,” Mr. Bin Fahad further added.