Page 318 - MINISTRY OF CULTURE PR REPORT - MAY 2025 (ENGLISH)

5/27/25, 8:30 AM Make It In The Emirates Concludes With New Industrial Projects Valued Over AED 11 Billion - UrduPoint
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Impactful Financing Solutions
During the fourth edition of Make it in the Emirates, the MoIAT signed a landmark agreement with
national banks to provide over AED 40 billion in competitive financing over five years. This initiative will

support small, medium, and emerging enterprises and innovative projects that strengthen the industrial
sector and enhance the competitiveness of locally manufactured products.
Additionally, Emirates Development Bank launched the Emirates Growth Fund —
an AED 1 billion investment platform supporting SMEs in strategic sectors such as manufacturing,

healthcare, food security, and advanced technology.

On opening day, MoIAT recognized the winners of the third Make it in the Emirates Awards. This year’s

nine award categories spanned five pillars: Factory of the Future, In-Country Value, Industry Enablers
and Strategic Partners, Leadership and Talent, and UAE Traditional Crafts for Individual and
Companies. For the first time, an Emirati Handicrafts Award was introduced to honor individuals and
companies in this sector.

The ministry also marked National ICV Day by celebrating the contributions of companies and
individuals supporting the National In-Country Value Program, recognizing their role in driving local

competitiveness, productivity, and supply chain sustainability.
Winners of the third Make it in the Emirates Startup Pitch Competition were also honored. The
competition received more than 200 applications from over 30 countries, with 43% submitted by
international startups — a testament to the growing interest both locally and globally.

For the first time, the platform featured a dedicated pavilion for Emirati crafts and heritage industries,
organized by the Ministry of Culture as part of the Year of the Community. The pavilion hosted live

demonstrations of 40 traditional crafts across 10 zones, with participation from 216 Emirati artisans.
Their involvement this year enabled them to expand their presence on e-commerce platforms and
bring their products to global markets — turning heritage into economic opportunity.

National In-Country Value (ICV) Programme
The 2025 edition recorded a rise in industrial procurement under the National ICV Program,

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