MoIAT And MCBG Establish Strategic Partnership To Enhance Regulatory Excellence In The UAE

The Ministry of Industry and Advanced Technology (MoIAT) has entered into a Memorandum of Understanding (MoU) with the Multinational Companies Business Group (MCBG). This agreement aims to boost collaboration in standardisation, technical regulations, and capacity building. These areas are crucial for the UAE's industrial and economic growth. The MoU was signed during the Make it in the Emirates forum by Dr. Farah Al Zarooni from MoIAT and Turki Bin Moammar from MCBG.

This partnership highlights a mutual dedication to improving regulatory cooperation and creating a business environment that aligns with top international standards. The agreement includes initiatives like expert exchanges, capacity-building programs, participation in standardisation committees, and innovation-driven projects.

Dr. Farah Al Zarooni commented on the partnership, stating, "This agreement underscores our commitment to deepening engagement with the private sector, particularly with global industry leaders operating in the UAE. Aligning our regulatory and standardization frameworks with international best practices is crucial to driving sustainable industrial growth and innovation in line with the UAE’s strategic vision."

Turki Bin Moammar also expressed pride in collaborating with MoIAT. He said, "MCBG is proud to collaborate with MoIAT in advancing shared priorities of knowledge exchange, high-quality standards, and future-ready regulatory frameworks. This MoU affirms our dedication to contributing to the UAE’s industrial and economic progress through meaningful dialogue and partnership."

The signing ceremony was attended by senior officials from both organisations, highlighting its importance for the nation's industrial landscape. MCBG represents a global market capitalisation exceeding US$12 trillion, offering expertise across sectors like manufacturing, energy, technology, healthcare, and consumer goods.

This collaboration marks a significant step in MoIAT's mission to build a resilient, innovation-led industrial ecosystem. It strengthens public-private partnerships' role in achieving regulatory excellence and enhancing national competitiveness.

The agreement further supports long-term sustainable development goals by promoting an environment conducive to innovation and high standards. This aligns with the UAE's strategic vision for industrial growth.

With inputs from WAM