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6/4/24, 4:43 PM Multi-billion-dirham incentives are transforming the UAE into a magnet for foreign investment, hears MIITE Forum 2024

‘Crafting economic success: Smart incentives for sustainable manufacturing growth and securing global
leadership in key sectors’ was joined by H.E. Ahmed Mohamed Al Naqbi, CEO of Emirates Development
Bank; H.E. Alia Abdulla Al Mazrouei, CEO of Khalifa Fund; Saud Abu Al-Shawareb, Executive VP of DIC;

Ramy Jallad, CEO of RAKEZ Group; H.E. Raja Al Mazrouei, CEO of Etihad Credit Insurance; and
Mashal Al Kindi, CEO of TA’ZIZ.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 AED 300 bn by 2031. Participants described incentives such as the National ICV

Program, which provides a competitive edge to companies in the government procurement process.

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