Ministry of Industry and Advanced Technology Delegation Visits Three Emirates to Present Operation 300 Bn

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Dubai, UAE: A delegation from the Ministry of Industry and Advanced Technology (MoIAT), led by His Excellency Omar Ahmed Suwaina Al Suwaidi, Undersecretary of MoIAT, that accompanied His Excellency Osama Amir Fadl, Assistant Undersecretary for the Industrial Accelerators Sector, visited several local government entities in three emirates. The tour is in line with MoIAT’s continuing effort to explore opportunities for boosting cooperation with all partners and stakeholders to achieve the goals of the national strategy for industry and advanced technology, Operation 300 Bn.

Taking in Abu Dhabi Chamber of Commerce and Industry, the Department of Economic Development in Ras Al Khaimah and the Department of Industry and Economy in Fujairah, the tour follows earlier visits to Sharjah Investment and Development Authority (Shurooq) and Ajman Chamber of Commerce and Industry. The delegates met with His Excellency Mohamed Helal Al Mheiri, Director General of Abu Dhabi Chamber, Sheikh Mohammed bin Kayed Al Qasimi, Chairman of the Department of Economic Development in Ras Al Khaimah, Dr. Abdulrahman Al-Shayeb Al-Naqbi, Director General of the Department of Economic Development in Ras Al Khaimah, Mohamed Obaid Bin Majed Al Aleeli, Director General of the Department of Industry and Economy in Fujairah, along with senior officials.

About the Ministry of Industry and Advanced Technology:

The UAE Ministry of Industry and Advanced Technology, established in July 2020, is mandated with strengthening the UAE’s industrial sector, specifically by drawing on the advanced technology and tools of the Fourth Industrial Revolution.

The Ministry has three overarching goals: Strengthening the UAE’s industrial base, ensuring in country value, and raising the competitiveness of local industries. By enhancing the contribution of advanced technology, the Ministry will support the country’s sustainable economic growth, and ensure GDP contribution from the industry sector. 

The Ministry will draft policies, laws and programmes to create a world-class industrial development framework for the nation that will help attract foreign direct investment, boost In-Country Value creation, support national entrepreneurship, drive job creation, and boost exports of ‘Made in UAE’ products.

From encouraging the establishment of industrial complexes to raising local capacity in advanced technology, the Ministry will accelerate industrial development in a bid to drive economic growth, diversification, value retention and national self-reliance.