Khalifa Fund for Enterprise Development has partnered with Abu Dhabi Department of Economic Development’s Industrial Development Bureau to enhance the manufacturing capabilities of three SMEs in the UAE participating in the Make it in the Emirates Forum.
As part of its commitment to supporting UAE businesses, Khalifa Fund actively participated in the Make it in the Emirates Forum 2023 showcasing a stand that includes three prominent industrial businesses: Jaber AlKhyeli of Glass Tech Factory, Ahmed AlMazrouei of AM Industries and Ayedh AlMansoori of Al Emaar Cement Products Factory. Khalifa Fund's objective is to support businesses through events like Make in in the Emirates to foster entrepreneurship and promote sustainable economic growth in the country.
HE Alia Al Mazrouei, CEO of Khalifa Fund for Enterprise Development, said: "We are proud to support these exceptional UAE businesses as they participate in the Make it in the Emirates campaign. At Khalifa Fund, we believe in the potential of our local entrepreneurs and their ability to contribute to the growth and development of the manufacturing sector. Through our partnership with the Industrial Development Bureau, we aim to provide the necessary resources and support to help these businesses thrive and achieve success.”
Make it in the Emirates served as a platform for companies to discover the advantages of making the UAE their regional hub, providing access to new markets and showcasing the latest developments in sustainability and advanced technology, encouraging companies to prioritise local products made in the UAE.
In addition to the participating businesses showcasing their innovative products, a signing ceremony will take place between Khalifa Fund and the Industrial Development Bureau, a department under the Abu Dhabi Department of Economic Development (ADDED). This partnership allows small and medium-sized enterprises (SMEs) to apply to the Smart Manufacturing Incentive Program through the Khalifa Fund Tamm service, simplifying the application process and providing essential support for their transition towards adopting Industry 4.0 applications.
HE Alia Al Mazrouei said: “The launch of the Smart Manufacturing Incentive Programme and the establishment of the Smart Manufacturing Competence Centre in Abu Dhabi marks a significant step forward in our journey towards a smarter manufacturing sector. By transforming 30% of our existing industrial SMEs to Industry 4.0 methods within the next five years, we are driving productivity, fostering technology adoption and enhancing Abu Dhabi's global competitiveness.
“The Smart Manufacturing Incentive Programme will not only fuel growth and innovation within our local industries but also contribute to the overall economic diversification of our emirate. Furthermore, the establishment of the first-ever Smart Manufacturing Competence Centre in the region solidifies Abu Dhabi's position as a leading hub for Industry 4.0. These ground breaking initiatives complement our efforts at Khalifa Fund and together, we can shape a diversified, smart, and sustainable economy that thrives in the era of Industry 4.0.”