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service companies while creating social impact, with over 19,000 Emiratis
employed in private sector companies certified by the programme.

He stated that the Industrial Development Council comprising federal,
local, and industrial zone representatives, has played a crucial role in
streamlining industrial licensing procedures and implementing a new

industrial law that eases licensing requirements, particularly for SMEs.

Over the past few years, industrial financing has significantly expanded,
with over AED 19 billion in competitive funding provided by the Emirates
Development Bank and other financial institutions.

In 2024, AED 9.5 billion in financing was allocated to the industrial sector,
including AED 1.1 billion for advanced technology and AED 1.8 billion in
credit solutions provided by Etihad Credit Insurance.

The "Make it in the Emirates" Forum has achieved remarkable milestones
across its three editions. By the end of 2023, purchase agreements for
locally manufactured products over a 10-year period had reached AED143
billion, covering 2,000 locally produced items. Additionally, manufacturing

contracts worth AED62 billion were awarded, and over 300 products were
produced and purchased in quantities valued at approximately AED7
billion.

https://www.indiagazette.com/news/274892132/uae-industrial-sector-cornerstone-of-
sustainable-economic-growth