Wed 22-06-2022 19:59 PM
ABU DHABI, 22nd June, 2022 (WAM) -- The Ministry of Industry and Advanced Technology (MoIAT) and DUBAL Holding, the investment arm of the Dubai Government in the commodities, mining, power, energy, and industrial sectors, on Tuesday signed an agreement to foster industrial cooperation and explore opportunities.
The agreement was signed in the presence of Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, and Sarah bint Yousif Al Amiri, Minister of State for Public Education and Advanced Technology.
It was signed by Omar Al Suwaidi, Under-Secretary of MoIAT, and Ahmad Hamad bin Fahad, CEO of DUBAL Holding LLC.
Al Suwaidi commented, "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, 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."
Bin Fahad said, "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."