UAE launches ‘Make it in the Emirates 2026’ platform to advance industrial growth
Dubai: The UAE has unveiled the "Make it in the Emirates 2026" platform, as part of its efforts to enhance local manufacturing and boost high-tech sectors while developing a more robust national economy amid increasing international supply chain complications.
His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, said: "The ‘Make it in the Emirates 2026′ platform was launched to coincide with the UAE’s ambitious vision for a future driven by industry and as part of its efforts to develop an agile and sustainable national industrial model.
The President said he was glad to be part of Make in the Emirates 2026, a gathering of leaders, innovators and experts who are shaping (the) future of industrial growth and economic resilience across our nation.
He emphasised that: “In light of the importance attached to developing national aspirations and readiness, the UAE will develop partnerships at strategic levels while continuing its investments in the field of industry, artificial intelligence and technology sector due to this vital sector's role as a mainstay for supporting state economy and enhancing its international competitiveness.”
Strategic partnerships, tech
Sheikh Mohamed bin Zayed said he was also delighted to meet with His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President & Prime Minister of the UAE and Ruler of Dubai during his visit to the fair.
At its sixth edition ‘Make it in the Emirates 2026’, I met President His Highness Sheikh Mohamed bin Zayed, my brother, companion on the journey and my leader. On my X account, Mohammed bin Rashid said: "I have also listened to Emirati youth and saw thousands of goods and products manufactured in the UAE, where I saw tomorrow's industry.
"Make it in the Emirates" — is one of the main pillars of the Emirati strategy to create a balanced economy with considerable contribution from the industrial sector to growth over the long haul. The move comes as the UAE is ramping up its efforts to bolster supply chain resilience and reduce reliance on any single market for import, amid continuing geopolitical and economic uncertainties.
Strengthening supply chains
Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade announced the launch of a National Programme to Strengthen Supply Chain Resilience to enhance economic security, sustainability in the supply chain of essential goods and ensure UAE’s provision on global geopolitical and economic changes late last month.
Al Zeyoudi noted that the programme was designed and tested amid those periods of Iran swoops targeting emirates along with many other countries in the region, aiming to help boost the UAE's capacity to handle disruptions impacting global supply chains.
The initiative, according to the minister, considers geopolitical and geo-economics developments that have been playing out in recent decades: the rising costs of logistics and insurance as well as closures-disruptions due to regional conflicts and wars.
Al Zeyoudi said that the programme has analysed more than 150 vital products. Although the majority are still sourced from select global markets, alternative channels have been identified to ensure supply continuity during periods of disruption.
Investment opportunities
At the time he added that the programme covers plans to localise production of a range of strategic commodities in the UAE while also looking to invest abroad in sectors deemed essential for national supply sovereignty.
The initiative is a collaboration between governmental and private sector parties, said Al Zeyoudi, adding that implementation would take place through agreements with many countries and strategic partners geared toward enhancing the readiness of the Emirates.
The "Make it in the Emirates 2026" platform, founded on May 4 would be a platform through which these strategic goods could be showcased to investors and business leaders alike, paving the way for industrial investing as well as transferring industry technology to the UAE.
The programme aims to establish an integrated and effective system capable of responding to local regional and global developments, said Al Zeyoudi, while enhancing the UAE’s readiness to streamline trade operations in accordance with developments taking place globally.
The UAE still aims to diversify its import sources, enlarge the global trade and investment partnerships and enhance international cooperation so that it can maintain a sustainable access to critical goods, he said.
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