UAE Minister highlights competitive advantages for investors in the industrial sector

UAE Minister highlights competitive advantages for investors in the industrial sector

Posted on 14 April 2022

Dubai Industrial City is attracting global industrial projects by providing the environment and solutions that support their growth, Dr Sultan Al Jaber said

In line with the Ministry of Industry and Advanced Technology’s strategy to grow the country into “a major hub” for advanced industries and to open up new markets for UAE-made products, Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, visited two factories in Dubai Industrial City (DI) on Wednesday.

“Through these visits, we aim to discuss ways to provide a supportive business environment for local and international investors in the industrial sector, in line with the ministry’s strategy to transform the UAE into a major hub for future industries and advanced industries, as well as assist in opening up new regional and global markets to UAE-made products,” said Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology.

“The directives of the wise leadership to focus on enhancing the role of the industrial sector in the national economy and elevate its competitiveness serve as a roadmap for the ministry to transform the UAE into a key destination for global industrial companies and investments in the fields of industry and advanced technology.

“Today, we are witnessing significant development embodied by the likes of Dubai Industrial City, which is attracting global industrial projects by providing the environment and solutions that support their growth. This confirms the ability of the UAE industrial sector to attract quality investments,” he continued.

“We invite all investors and industrialists to benefit from the substantial competitive advantages available in the UAE, which give them the opportunity to realise their ambitions in manufacturing, developing and exporting their products,” Dr Al Jaber added.

The two facilities visited were that of electronic waste processer Enviroserve’s, the largest of its kind in the world, and the Unilever factory, the largest manufacturer of liquid personal care products MENA.

Director General of the Dubai Development Authority and Group CEO of TECOM Group Malek Sultan Al Malek highlighted the importance of the visit calling it “an extension of the strategic partnership between both entities.”

“The factories visited in DI employ some of the latest technologies and advanced solutions in the fields of manufacturing and warehousing, in addition to maintaining the highest standards of sustainability and alternative energy,” said Al Malek.

“They reflect the strength and innovative spirit of the UAE’s industrial sector, made possible by our leadership’s commitment to developing supportive legislation, a competitive business environment, and prioritising the availability of specialised talent and expertise.

“DI continues to grow by attracting new investments and building strategic partnerships to enhance its contribution to the industrial economy, including the recent agreement with Emirates Development Bank to offer innovative and diversified financing solutions to SMEs in vital industries,” he added.

Speaking during the visit, Lyes Yahiaoui, CEO of Enviroserve, said: “In ensuring the full use of the recycling model that Enviroserve has created, we are dedicated to retaining the wealth of the commodities we process in the UAE, while making the industrial sector more environmental friendly without affecting its growth.”

“Unilever’s Dubai Personal Care (DPC) Factory is a testament to our commitment in driving sustainability in our operations. It’s recognition in 2020 by the World Economic Forum as a 4th Industrial Revolution Lighthouse – the first in UAE and first non-energy site in MENA – is a demonstration of the benefits of leveraging technology to not only drive radical leaps in development, but also a more sustainable footprint,” said Sanjeev Kakar, executive vice president of Unilever in MENA, Turkey, Russia, Ukraine and Belarus.

SOURCE: arabianbusiness.com

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