The UAE capital’s industrial sector is set for a major boost with eight new projects inked by Abu Dhabi Investment Office (ADIO) and its partners with high-growth companies covering vital areas including manufacturing, banking, oil & gas, pharmaceuticals and healthcare.
During the Forum, ADIO also signed an agreement with Abu Dhabi Islamic Bank (ADIB) to support the industrial sector.
Abu Dhabi’s ambitious Industrial Strategy aims to double the sector’s GDP contribution by 2031, leveraging strong enablers such as infrastructure, competitive operational costs, business-enabling regulations and access to financing.
The projects announced by Kezad Group, Infinity Green, Vitamol, ADAFZ, A2N Holdings, EMIC, Mark AB Capital Investment, SuperJet International, Oil Man, United Eastern Group, Orion Italy and Petrona Gulf DWC will significantly accelerate the growth of the UAE capital’s manufacturing base.
Engineer Abdulla Abdul Aziz AlShamsi, the Director General of ADIO, said: “The UAE continues to power ahead with its strategy to place advanced manufacturing at the heart of the economy.”—Zawya
