Khalifa Fund for Enterprise Development will support two UAE businesses participating in the highly anticipated “Make it in the Emirates”.
The Make it in the Emirates is a prominent industrial event that brings together government entities, industrial leaders, financial institutions, SMEs, and investors to explore investment opportunities, boost local content, and enable sustainable manufacturing.
Khalifa Fund will actively participate in the forum showcasing a stand that includes two prominent industrial businesses, Jaber AlKhyeli of Glass Tech Factory and Ayedh AlMansoori of Al Emaar Cement Products Factory.
Khalifa Fund’s objective is to support businesses through events like ‘Make it in the Emirates’ to foster entrepreneurship and promote sustainable economic growth in the country.
H.E. Alia Al Mazrouei CEO – Khalifa Fund
“We are proud to support these exceptional UAE businesses as they participate in the ‘Make it in the Emirates’ campaign. At Khalifa Fund, we believe in the potential of our local entrepreneurs and their ability to contribute to the growth and development of the manufacturing sector. Through our partnership with the Industrial Development Bureau, we aim to provide the necessary resources and support to help these businesses thrive and achieve success. The forum has served as a platform for companies to discover the advantages of making the UAE their regional hub, providing access to new markets and showcasing the latest sustainability and advanced technology developments, encouraging companies to prioritize local products made in the UAE.”
Khalifa Fund signs agreement with IDB
In addition to the participating businesses showcasing their innovative products, a signing ceremony will take place between the Khalifa Fund and the Industrial Development Bureau (IDB), the Abu Dhabi Department of Economic Development’s (ADDED) arm to develop the industrial sector in Abu Dhabi.
This partnership allows small and medium-sized enterprises (SMEs) to apply to the Smart Manufacturing Incentive Program (SMIP) through the Khalifa Fund Tamm service, simplifying the application process and providing essential support for their transition towards adopting Industry 4.0 applications.
The Smart Manufacturing Incentive Program will fuel growth and innovation within our local industries and contribute to our emirate’s overall economic diversification.
“The launch of the SMIP and the establishment of the Smart Manufacturing Competence Centre in Abu Dhabi marks a significant step forward in our journey towards a smarter manufacturing sector. By transforming 30 percent of our existing industrial SMEs to Industry 4.0 methods within the next five years, we are driving productivity, fostering technology adoption, and enhancing Abu Dhabi’s global competitiveness,” Ms. Al Mazrouei stated.
