The Ministry of Industry and Advanced Technology (MoIAT) has signed two pivotal Memorandums of Understanding (MoUs) aimed at accelerating the UAE’s industrial and economic development. The agreements were formalized during the fourth edition of the “Make it in the Emirates” forum held at the Abu Dhabi National Exhibition Centre.
The first MoU was signed between MoIAT and the Multinational Companies Business Group (MCBG), represented by Dr. Farah Al Zarooni, Assistant Undersecretary for Standardization Affairs at MoIAT, and Turki Bin Moammar, Chairperson of MCBG. The deal focuses on strengthening cooperation in standardization, technical regulations, and capacity-building efforts.
“This agreement underscores our commitment to deepening engagement with the private sector, particularly with global industry leaders,”
said Dr. Farah Al Zarooni.
“Aligning our regulatory and standardization frameworks with international best practices is crucial to driving sustainable industrial growth.”
MCBG, representing companies with a collective global market capitalization exceeding $12 trillion, brings vast expertise across sectors like energy, healthcare, manufacturing, and technology.
Turki Bin Moammar added,
“MCBG is proud to collaborate with MoIAT in advancing shared priorities of knowledge exchange, high-quality standards, and future-ready regulatory frameworks.”
The second MoU was signed with Majid Al Futtaim Retail, the exclusive operator of Carrefour in the UAE. This partnership aims to strengthen national manufacturing by boosting demand for high-quality, locally produced goods. The agreement was signed at ADNOC headquarters in the presence of Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology.
This move aligns with the UAE’s broader ‘Make it in the Emirates’ initiative, which promotes self-sufficiency and economic diversification. Majid Al Futtaim Retail’s CEO, Dr. Günther Helm, reaffirmed their commitment to supporting Emirati farmers, SMEs, and producers through sustainable supply chains and local sourcing.
“The UAE has achieved significant accomplishments in the industrial sector, ranking first in the region in terms of industrial competitiveness,”
noted Osama Amir Fadhel, Assistant Undersecretary of Industry Accelerators at MoIAT.
The Make it in the Emirates forum concluded with the announcement of new industrial projects worth AED 11 billion, highlighting the growing investor confidence in the UAE’s advanced industrial strategy. Hosted by MoIAT, the event featured strategic partnerships with ADNOC, the Ministry of Culture, and the Abu Dhabi Investment Office.
These agreements signify a strategic leap in the UAE’s ambition to become a global industrial hub. By fostering collaboration with multinational corporations and major retailers, the country is paving the way for a resilient, innovative, and sustainable industrial economy.
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