The Ministry of Industry and Advanced Technology (MoIAT) has signed four memoranda of understanding (MoUs) with Modon Holding, Emaar Properties, Silal Food & Technology, and Calidus Group, as part of the efforts to expand the National In-Country Value (ICV) program.
The signings took place at Make it in the Emirates 2025, the UAE’s comprehensive economic program hosted by MoIAT, organized by Abu Dhabi National Exhibitions Company Group, and held alongside strategic partners the Ministry of Culture, ADNOC Group, and Abu Dhabi Investment Office. Held under the theme “Advanced Industries. Accelerated”, the event brought together local and international manufacturers, investors, and innovators.
The agreements aim to strengthen cooperation between MoIAT and the four companies in line with the goals of the National ICV Program. The program is a key component of the UAE’s Projects of the 50 and supports the objectives of the National Strategy for Industry and Advanced Technology, which aims to achieve significant economic benefits by redirecting procurement spending by government entities and leading national companies back into the economy.
The MoUs were signed by Omar Al Suwaidi, Undersecretary of MoIAT; Abdulla Al Sahi, Group Managing Director of Modon Holding, Ahmad Al Matrooshi, Executive Director of Emaar Properties; Salmeen Al Ameri, Chief Executive Officer of Silal Food & Technology, and Dr. Khalifa Murad Alblooshi, Chief Executive Officer of Calidus Group, witnessed by Tareq Al Hosani, Chairman of Calidus Group.
This partnership builds on the momentum of the National ICV Program in the industrial sector, which has generated AED 347 billion ($94 billion) in cumulative local expenditure by the end of 2024, supporting industrial self-sufficiency, job creation, and local economic value.
These efforts promote industrial self-sufficiency in vital and priority products, create job opportunities, enhance national economic value, and empower Emirati entrepreneurs under the Make it in the Emirates platform.
The fourth edition of Make it in the Emirates is drawing strong local and international participation, including prominent decision-makers from both government and private sector entities, entrepreneurs, investors, industrialists, experts, innovators, and financial institutions, along with the participation of more than 720 industrial companies showcasing their innovative products.
