His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, UAE Special Envoy for Climate Change, President of the COP28 Conference of the Parties, announced during the opening of the “Make in the UAE” Forum, competitive electricity prices for industrial companies in the emirates of Ajman, Ras Al Khaimah, Umm Al Quwain, and Fujairah. In cooperation with the Ministry of Energy and Infrastructure and the Union Water and Electricity Company.
His Excellency also announced the allocation of an additional 23 billion dirhams for guaranteed procurement opportunities for local manufacturing, bringing the total value to 143 billion dirhams for more than 2,000 products, including 20 billion dirhams from “ADNOC” and 3 billion dirhams from “Pure Health.”
During the opening of the “Make in the Emirates” Forum, His Excellency Dr. Sultan Ahmed Al Jaber announced the launch of the “Innovation through Artificial Intelligence” program with funding worth 370 million dirhams from the Emirates Development Bank to support emerging companies, investments in new industrial projects valued at 20 billion dirhams, and solutions Financing for the industrial sector in partnership between the Emirates Development Bank and commercial banks worth one billion dirhams, to empower small and medium industrial companies.
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