Al Zeyoudi Highlights CEPA Programme's Role In Advancing UAE Industrial Growth At Make It In The Emirates Event

The "Make it in the Emirates" event has become a significant gathering for manufacturers, investors, and industry leaders. It highlights the UAE's industrial and manufacturing prospects, focusing on economic diversification, technological innovation, and sustainability. This event is crucial for promoting export-led growth in the nation.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, took part in a panel discussion titled "Redefining Industry, Trade, and Investment" during the event's opening ceremony. He reiterated the UAE's dedication to enhancing its industrial sector and increasing local production through strategic initiatives and global partnerships.

A recent World Trade Organisation report titled "Global Trade Outlook and Statistics" highlighted the UAE's impressive growth in goods exports. The country now ranks 11th globally with exports valued at US$603 billion in 2024. This marks a rise of six places from 2021 to 2024, showcasing the effectiveness of the UAE’s industrial policies.

Al Zeyoudi emphasised trade and investment as key drivers of sustainable industrial growth during the panel discussion. He noted that these elements enhance global competitiveness. The UAE’s Comprehensive Economic Partnership Agreement (CEPA) programme plays a pivotal role by expanding market access worldwide and integrating the nation into global supply chains.

The UAE’s industrial strategy is supported by initiatives like Project 300 billion and Make it in the Emirates. These aim to transition the country's export base towards high-value sectors such as advanced manufacturing, Industry 4.0, clean technologies, and logistics.

Al Zeyoudi stated that "The CEPA programme is not only creating access to diverse markets but it is also facilitating knowledge transfer and skills development across various sectors." He added that innovation and diversification are building a strong industrial foundation for sustained economic growth.

CEPA Programme's Impact

The discussions at 'Make it in the Emirates' underscored CEPA's critical role in advancing the UAE's industrial vision. This programme solidifies the country’s position as a key player in the global industrial landscape by fostering innovation and investment.

Al Zeyoudi further explained that through CEPA, "we are helping to establish the UAE as a global hub for industrial excellence." By leveraging advanced technologies and creating synergies between goods and services, they aim to develop a more diversified and resilient economic model.

The event showcased how these strategies reinforce the UAE’s role as a leading destination for innovation and investment. It highlighted how strategic initiatives are essential for driving sustainable growth within its industrial sector.

With inputs from WAM