Saturday 22 June 2024

The panel session at MIITE

Huge incentives make UAE ‘magnet for foreign investment’

ABU DHABI, 24 days ago

UAE’s industrial sector is fast becoming a top global destination for international investors due to several key policies and incentives introduced in recent years, a panel session at the Make it in the Emirates (MIITE) Forum heard.
The panel heard how the government is creating conducive pathways for growth and investments under Operation 300bn, the strategy aiming to propel the industrial sector's contribution to GDP to AED300 billion ($81.7 billion) by 2031. Participants described incentives such as the National ICV Programme, which provides a competitive edge to companies in the government procurement process.
‘Crafting economic success: Smart incentives for sustainable manufacturing growth and securing global leadership in key sectors’ was joined by Ahmed Mohamed Al Naqbi, CEO of Emirates Development Bank; Alia Abdulla Al Mazrouei, CEO of Khalifa Fund; Saud Abu Al-Shawareb, Executive VP of DIC; Ramy Jallad, CEO of RAKEZ Group; Raja Al Mazrouei, CEO of Etihad Credit Insurance; and Mashal Al Kindi, CEO of TA’ZIZ.--TradeArabia News Service


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