The “Make in the UAE” platform has emerged as a pivotal force in the national effort to diversify the economy. Launched on May 4 and running until May 7 at the Abu Dhabi National Exhibition Centre, this fifth edition, themed “Advanced Industry: We Show Our Strength,” was inaugurated by His Highness Sheikh Mansour bin Zayed Al Nahyan, the Deputy Prime Minister and Minister of Presidential Affairs. His Highness emphasized the significance of the “Make in the UAE” platform in supporting the country’s economic diversification initiatives.
Showcasing National Innovations
During the event, Sheikh Mansour toured various exhibition stands featuring participants from both domestic and international sectors. His tour focused on discovering the latest innovations and national projects aimed at enhancing the industrial sector, reinforcing the UAE’s status as a regional and global industrial hub. He was briefed on advanced techniques and innovations, particularly in vital industries, advanced technology, and artificial intelligence. The visit highlighted ongoing efforts to support local content, empower Emirati talent, enhance supply chains, and increase the competitiveness of the national economy, aligning with the “We are the UAE 2031” vision and the centennial plan for the UAE in 2071.
Strengthening Regional Ties
On the sidelines of the platform, Sheikh Mansour met with Qais bin Mohammad Al Yousef, the Chairman of the Public Authority for Special Economic Zones and Free Zones in Oman. They discussed the collaborative ties between the UAE and Oman, exploring ways to further develop these relationships to benefit both nations.
Vision for Sustainable Industrial Growth
Sheikh Mansour reaffirmed that the wise leadership has positioned the UAE’s industrial ecosystem on an advanced trajectory, making the country a hub for various vital industries worldwide. He highlighted that the “Make in the UAE” platform serves as a foundational pillar in supporting the nation’s efforts to diversify the economy, build a sustainable industrial base, and pave the way for a better future for current and future generations. He also underscored the necessity of continuing to strengthen partnerships between the public and private sectors to meet the objectives of the national strategy for advanced industry and technology.
Key Insights from Industry Leaders
In his opening remarks, Dr. Sultan Ahmed Al Jaber, the Minister of Industry and Advanced Technology, shared insights on the progress achieved by the national industrial strategy. He credited the unwavering resolve and unity demonstrated by the UAE in navigating global challenges, further amplified by the guidance of His Highness Sheikh Mohammed bin Zayed Al Nahyan, the President. He remarked, “We have endured with the blessings, vision, and directives of our leaders, and we remain grateful.” The Minister also highlighted the significant advancements in the industrial sector, which saw its contribution to the national economy rise by 70%, reaching a remarkable value of 200 billion dirhams.
Future Prospects for Local Production
Dr. Al Jaber announced plans to increase the value of industrial procurement opportunities from 168 billion dirhams to 180 billion dirhams over the next decade. This will also include the localization of over 5,000 products in strategic sectors vital for food, health, and economic security. He stressed the importance of enhancing local content and announced initiatives such as “Local+” aimed at connecting engineering, procurement, and construction contractors with 70 qualified Emirati manufacturers.
Over 1,245 exhibiting companies from 12 industrial sectors are participating in this fifth edition of the “Make in the UAE” platform, with expectations to create opportunities that aim to localize around 5,000 products in the UAE. Notably, small and medium enterprises account for 61% of the participants, and the platform is anticipated to attract over 120,000 visitors, including international investors, manufacturers, decision-makers, and industry leaders.