2024-07-10 00:05:00
The International Industrial Exhibition (Innoprom 2024) event was recently launched in the Russian city of Yekaterinburg, with the UAE participating for the first time as the guest country to strengthen bilateral relations between the UAE and Russia and highlight investment, industrial and business opportunities.
The UAE showcases the competitive advantages of the investment environment in the UAE’s industrial sector and the success stories under the “Made in UAE” initiative, while the latest data from the Ministry of Industry and Advanced Technology shows that the UAE’s industrial sector has achieved significant growth over the past few years and is expected to grow by 2024. At the end of the first quarter of the year, it became the second largest contributor to the UAE’s non-oil GDP, following the retail sector.
Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, led the UAE delegation, which included Sarah bint Yusuf Al Amiri, Minister of State for Public Education and Advanced Technology, and Amiri, Minister of State for Foreign Trade Dr. Lee.
During its participation in the four-day exhibition, the UAE presented the most prominent objectives of the UAE Industrial Strategy, the role of the Ministry of Industry and Advanced Technology in promoting the growth of industrial initiatives in important and priority sectors and the growth achieved in these industries to the tune of “300 billion Under the umbrella of the “Project”, as well as the most outstanding capabilities and competitive advantages of the investment environment in the UAE industrial sector, successful cases achieved under the umbrella of the “Made in China” initiative, specific incentives to support supply chain growth and sustainable development, As well as providing guaranteed sourcing opportunities for over 2,000 products manufactured locally in the UAE, thereby enhancing… opportunities for corporate growth and business sustainability.
The “UAE-Russia Business Forum” was held on the first day of the exhibition, during which Dr. Sultan Al Jaber emphasized joint efforts to strengthen industrial cooperation and trade exchanges, focusing on the supply chain, especially in the most demanding industries, and enhancing competitiveness for a productive industry Partnerships pave the way and this reflects stimulating industrial growth.
On the second day of the exhibition, Prime Minister of the Russian Federation Mikhail Mishustin also opened the UAE Pavilion. Dr. Sani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade attended the opening ceremony and spoke at the Technical Partnership , the impact of technology adoption on improving industrial efficiency in both countries, and the UAE’s attractive competitive advantages led by 100% foreign ownership, strategic geographical location, global logistics infrastructure and available investments in these areas. Sustainable energy, especially within the framework of the UAE’s status as a global industrial hub and a leading member of the international industrial community.
The Russian Prime Minister thanked the UAE and appreciated its participation in an outstanding pavilion, praising the role played by Emirati companies in the level of industrial competitiveness.
The UAE delegation participating in the exhibition includes government and service agencies as well as national companies operating in multiple sectors, including: heavy industry, pharmaceuticals, food industry, medical equipment and supplies, transportation and scientific research, to showcase the UAE’s success stories in the “UAE The capabilities and incentives available to investors in the UAE’s industrial sector, as well as potential cooperation opportunities with Russian and international companies participating in the exhibition, are realized within the framework of the “Made” initiative, with a total of 700 exhibiting companies and enterprises. 46,000 visitors from more than 50 countries.
The UAE Pavilion is designed in a traditional style, inspired by the mesquite tree because of its national significance associated with steadfastness, stability and strength. In addition, the Ministry of Culture organizes cultural programs and Emirati heritage activities to introduce Emirati culture and traditions to visitors. and traditional crafts.
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