Abu Dhabi: Osama Amir Fadl, Assistant Undersecretary for the Industrial Accelerators Sector at the Ministry of Industry and Advanced Technology, announced that the “Make it in the Emirates” forum has successfully attracted AED20 billion in new industrial investments in 2024.
According to Emirates News Agency, Fadl stated at the IDEX and NAVDEX 2025 events that AED12.7 billion in financing solutions were allocated to the country’s industrial sector by the end of 2024. Notably, 68 percent of these funds were directed towards small and medium-sized enterprises (SMEs) through partnerships with key financial institutions such as Emirates Development Bank, First Abu Dhabi Bank, and Mashreq Bank.
Fadl emphasized that AED2.33 billion of the allocated funds were specifically dedicated to promoting technological transformation within the industrial sector. Additionally, he mentioned that the ministry has introduced procurement opportunities for more than 2,000 national products, with a total value exceeding AED143 billion. Expectations are set for this number to increase during the “Make it in the Emirates 2025”.