Twelve UAE Companies Commit AED110 Billion to Boost Local Production
- Publish date: Wednesday، 22 June 2022 | Last update: since 4 days
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The Make in the Emirates Forum, launched on Tuesday aims to promote the growth of national industries and discuss opportunities for partnership and cooperation in the industrial sector.
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Twelve national companies are presenting more than 300 products across 11 sectors for local production and procurement, supporting the UAE's efforts to become a hub for global industries.
These national companies announced the provision of AED 110 billion of potential purchase agreements to existing and new partners.
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They include DNOC, ADQ Holding, Emirates Global Aluminium, TAQA, Etisalat, Etihad Airways, Edge, Mubadala, Emirates Steel, Pure Health, Strata, Aldar, Emirates Nuclear Energy Corporation, Etihad Rail, and Masdar,
The forum, which includes panels and exhibitions, aims to promote the growth of national industries and discuss opportunities for partnership and cooperation in the industrial sector, in addition to presenting opportunities for product localisation, redirecting the value of purchases into the national economy, and leveraging local purchasing power to develop the industrial sector.
The eleven sectors include metals, petrochemicals, chemical industries, plastics, machinery and equipment, defense industries, pharmaceutical industries, technology and medical equipment, communications, and agricultural technology.