MoIAT targets industrial growth with new incentives at Abu Dhabi forum

The Ministry of Industry and Advanced Technology (MoIAT) will present a suite of industrial enablers and financial incentives at the second Make it with ADNOC Forum in Abu Dhabi on Sunday, 25 October. The participation aims to accelerate the localisation of supply chains and provide manufacturers with direct access to procurement opportunities within the energy sector. Industrial Incentives and Procurement Hasan Jasem Al Nowais, Undersecretary of MoIAT, will lead the ministry’s delegation at the forum, which convenes international investors, technology providers, and industrial partners. The ministry is focusing on the National In-Country Value (ICV) Programme to redirect procurement spending into the local economy and improve the operational efficiency of UAE-based factories. Specific programmes to be highlighted include the Technology Transformation Programme and Factory Forward UAE. These initiatives are designed to integrate advanced robotics and AI into local manufacturing, supported by the National Industrial Resilience Fund, which provides financing for companies expanding production capabilities within the Emirates. Connecting Demand to Local Production The ministry’s involvement is part of the broader Operation 300bn strategy, which seeks to increase the industrial sector\'s contribution to the UAE\'s GDP to Dh300 billion by 2031. By collaborating with ADNOC, the ministry intends to convert specific procurement demands into bankable investment projects for the…