Page 165 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)

5/26/25, 3:23 PM Fourth Edition of Make it in the Emirates opens in Abu Dhabi in presence of His Highness Sheikh Hamid bin Zayed
approach. We launched the National Strategy for Industry and Advanced Technology to increase the
sector’s contribution to GDP, support national products, enhance supply chains, and accelerate the
adoption of Fourth Industrial Revolution technologies, and artificial intelligence.

“In the UAE, we don’t see AI as merely a tool or a new technology — we recognize it as a fully-fledged

economic sector. Globally, AI revenues are expected to exceed USD 1.5 trillion by 2040. As witnessed
during US President Donald Trump’s visit to the UAE last week, the first phase of the UAE-US AI data
center was launched in Abu Dhabi and it is set to become the largest AI campus outside the United
States.

“I take this opportunity to congratulate our leadership, His Highness Sheikh Tahnoun bin Zayed Al

Nahyan, Deputy Ruler of Abu Dhabi, and to all those involved in such strategic projects that strengthens
the UAE’s position in AI and the new economy.

“To support this direction toward adopting advanced technology and AI, the MoIAT launched the
Technology Transformation Program and the Industrial Technology Transformation Index, which have
supported over 500 factories with financing facilities worth AED 4.6 billion. We also focus on enabling

future industries — including renewable energy technologies, Small Modular Reactors (SMRs), space,
semiconductors, smart chips, AI data center components, energy storage batteries, autonomous
equipment, and advanced construction materials.

“The UAE's industrial sector has witnessed significant growth. In 2024, industrial exports reached

AED197 billion — a 68% increase compared to 2021. We commend our colleagues across all ministries,
particularly the Ministry of Economy, for expanding strategic trade through Comprehensive Economic
Partnership Agreements (CEPAs), raising total foreign trade to over AED 5 trillion. Through the National
In-Country Value (ICV) Program, which supports the industrial sector by redirecting procurement to local
products and services — local spending has reached a cumulative AED 347 billion, and over 22,000 job

opportunities have been created for Emiratis.

“In line with the leadership’s directives to strengthen bridges of cooperation, we also launched the
Industrial Partnership for Sustainable Economic Development with Jordan, Bahrain, Egypt, Morocco,
Qatar, and Türkiye. This collaboration has advanced regional supply chain integration through joint

projects worth USD 5 billion in sectors of mutual importance.

“In implementation of the directives of His Highness Sheikh Mansour bin Zayed Al Nahyan, Make it in the
Emirates has been enhanced to support national industrial growth further. This year’s edition features
several strategic initiatives, most notably, increasing the value of offtake opportunities from AED143
billion to over AED 168 billion over the next ten years, an increase of AED 25 billion compared to last
year, to localize over 4,800 products within the country. The event will also witness the launch of the

Emirates Growth Fund under Emirates Development Bank as an AED 1 billion investment platform. The
fund aims to empower SME projects in strategic sectors including manufacturing, healthcare, food
security, and advanced technology by providing long-term capital and the strategic support necessary for

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