Industrial zones in UAE play critical role in country's sustainable industrial development

The UAE’s various industrial zones have a critical role to play in the country’s sustainable industrial development and broader economic prospects, according to the leaders of several major national industrial zones.

Speaking at the second Make in the Emirates Forum on Thursday, Mohamed Al Khadar Al Ahmed, CEO of the Khalifa Economic Zones Abu Dhabi (KEZAD) Group, underscored the importance of enabling sustainable growth within key industrial hubs.

During a panel session titled the Role of Industrial Zones, he said,

“I think the great initiatives that we have implemented are the ones that were consciously curated, keeping in mind the implications of our activities on the planet, by utilising alternative energy resources such as solar and hydrogen."

During the session, speakers emphasised the UAE's commitment to providing a competitive environment for businesses and underlined the role of the UAE’s free zones in attracting businesses by offering them access to world-class infrastructure, skilled labour, and investment incentives.

Sharif Al Awadhi, Director-General of Fujairah Free Zone Authority, stressed that fostering an environment conducive to innovation and entrepreneurship remains a top priority for the authority. The emphasis on these key areas will not only lead to economic growth but also pave the way for Fujairah to emerge as a prominent global business hub, he noted.

Ramy Jallad, Group CEO of RAKEZ, highlighted the country’s unique value proposition. He said,

“The UAE's secret formula is a blend of ambition, strategic positioning, and unwavering support for businesses. We've built a business-friendly ecosystem, quickly customising solutions for both SMEs and large manufacturers. Our approach is diligent and understanding, aiming for transparency, ease of regulations, and a plug-and-play environment.”

Underscoring the importance of adopting advanced technologies to facilitate sustainable practices in the industrial sector in line with net zero targets, Saud Abu Al Shawareb, Executive Vice President - Industrial Leasing at TECOM Group, stated,

“A circular economy, powered by advanced technologies is not only the cornerstone of environmental stewardship but also a catalyst for reducing operational delays, streamlining supply chains, and enhancing product quality, while drastically cutting down on waste."

The second edition of Make it in the Emirates’ Forum is organised by the by the Ministry of Industry and Advanced Technology (MoIAT) in collaboration with Abu Dhabi Department of Economic Development (ADDED) and ADNOC. The forum seeks to promote sustainability in the industrial sector in line with objectives of the Year of Sustainability and the UAE’s Net Zero by 2050 strategic initiative, and the country’s preparations to host COP28.

The forum has numerous corporate sponsors, including Diamond Sponsors such as Mubadala Investment Company, Emirates Steel Arkan, and Emirates Development Bank (EDB), as well as Gold Sponsors such as Aldar, Tawazun Council, KEZAD Group, Agthia, Edge, and PureHealth.

The event’s Silver Sponsors include First Abu Dhabi Bank (FAB), Dubai Investments, Al Masaood Energy, Emirates Global Aluminum, and Abu Dhabi Fund for Development (ADFD), while the Bronze Sponsors are Etihad Credit Insurance (ECI), Dubai Industrial City, Electro Mechanical Company, Mashreq Bank, Baker Hughes, National Oilwell Varco (NOV), Control Contracting and Trading (CCTC), Weatherford International, and Schlumberger.

News Source: Emirates News Agency