The Ministry of Industry and Advanced Technology and Etihad Airways, the national carrier of the UAE, signed a memorandum of understanding to enhance federal and local cooperation and integration to support the National Added Value Program, based on the Ministry’s strategic role in supporting the UAE industry sector and enhancing the performance of the national economy.
The memorandum comes within the framework of the ministry’s efforts to expand the implementation of the program at the federal and local levels and expand its scope to include new sectors such as aviation, as one of the pivotal programs within the “50 projects”, in order to enhance its strategic role in sustaining economic growth and raising the efficiency and competitiveness of the industrial sector in the country.
The signing ceremony was witnessed by Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, Sarah bint Youssef Al Amiri, Minister of State for Public Education and Advanced Technology, and Mohammed Ali Mohammed Al Shurafa Al Hammadi, Chairman of the Board of Directors of Etihad Aviation Group, while it was signed by Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology. And on behalf of Etihad Airways, Mr. Tony Douglas, Chief Executive Officer of Etihad Aviation Group.
The inclusion of “Etihad Airways” comes as part of the distinguished success achieved by the program at the federal level since its launch during the last quarter of last year, after the joining of 45 federal entities and 18 leading national institutions, as it contributed to the redirection of more than 41 billion dirhams in 2021. From the expenditures of the applicable entities from purchases and services to the national economy, compared to 27 billion two years ago.
His Excellency Omar Al-Suwaidi stressed that the “national value added” program is one of the pillars of the national strategy for industry and advanced technology “the 300 billion project”, as it enhances the capabilities of companies that have obtained the program’s certificate by increasing demand for local products and services and redirecting the bulk of spending on purchases and services The government sector and private sector companies applied to the national economy, which contributes to encouraging the growth of the industrial sector, creating quality job opportunities and providing incentives to adopt advanced technologies. The program certificate is obtained according to specific and precise criteria represented in the value of spending and investment in the country, Emiratisation, and the adoption of advanced technology.
His Excellency said that the inclusion of leading Emirati institutions such as “Etihad Airways Group” will reflect on the development of the advantages and level of products and services and give them more space for growth, innovation and competitiveness, as well as provide sustainable solutions to increase demand for highly efficient supply chains, and reflect the importance of coordination and cooperation between the ministry, federal and local authorities and companies The program will become one of the most important means of supporting and empowering the UAE industry in light of the goals adopted by the UAE for the next fifty years.
The National Value Added Program is considered a mainstay in supporting national trends towards sustainable economic diversification. It also aims to increase the number of approved suppliers from 5,000 to 7,300 companies, and raise purchases of Emirati products and services from 33 billion dirhams when the program was launched in 2020 to 55 billion dirhams by 2025. Note that the year 2021 witnessed an increase in those purchases to reach 41.2 billion dirhams.
For his part, Tony Douglas said that joining the National Added Value Program is in line with the vision of Etihad Airways and its commitment to the national interest in supporting the UAE industry, which is a duty and responsibility on the shoulders of all companies and federal entities, to improve the national product and enhance its global competitiveness indicators, and to enhance the state’s approach to Diversifying its economy, and cooperation with the Ministry of Industry and Advanced Technology will be one of the most important of these pillars, due to its qualitative and innovative initiatives that are consistent with the aspirations of the UAE towards the future. This step will allow us to expand our reach to local supply chains, and contribute to achieving a sustainable and diversified economy for the UAE.” He added, “As part of our strategy, in 2020, the Federation launched a local program called “Al Watani”. Through it, it cooperated with more than 1,000 local suppliers, and the company’s domestic spending reached more than 35 percent, on purchases from the UAE market. Today, by signing this agreement with the Ministry of Industry and Advanced Technology, our goal is to enhance the union’s domestic spending with national companies and increase opportunities for local suppliers and owners of small and medium enterprises.”
By joining the National Value Added Program, Etihad Airways will give priority to purchasing from local suppliers and Emirati companies that provide products and services in the field of aviation and its services when competitive conditions are met at the commercial level, and will encourage international suppliers to establish branches within the UAE, to attract more customers. Foreign investments to the state, and the empowerment of supply chains, which will also be reflected in the UAE industries.
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