Mansour bin Zayed participates in the session "Developing the industrial system and the role of industry in supporting the national economy" at the World Government Summit

His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, affirmed that the UAE possesses an attractive environment for doing business and has a competitive industrial structure with international standards, pointing out that the industrial sector is one of the main pillars of the country in the coming years.

His Highness explained that the priority of the industrial sector in the UAE is to focus on the food, pharmaceutical and military industries, stressing the state's provision of all forms of support to enhance the investment environment, stressing the importance of the citizen benefiting from the fruits of industrial development in the near future.

This came during his participation in a dialogue session broadcast today as part of the eighth session of the World Government Summit in Dubai, under the title "Development of the industrial system and the role of industry in supporting the national economy."

On the reason for choosing a location overlooking the sea to hold the dialogue session, His Highness Sheikh Mansour bin Zayed Al Nahyan said: “I think this place is important because it allows for the transmission of clear and numerous messages to viewers and followers of the dialogue. Between the East and the West, and they worked in the shipbuilding and trade exchange with neighboring countries and with the continent of Africa. What interests me in the meeting is to clarify the reason for choosing the topic “Industrial Sector and Industrial Development” as the focus of our conversation. Today, we must define the main pillars on which the UAE is based in the coming years. His Highness added that the industrial sector is one of the main pillars of the state, and the Corona pandemic has enabled us to realize the importance of industry in the development of the Emirates, as the epidemic has put great pressure on the local industrial sector, and demand has increased as well as reliance on the product made inside the country, and His Highness added:We realized that we were not focusing on the industrial sector to the extent required, so factories in the country started increasing their production capacity.”

And between: "If we compare the revenues or the percentage of the industrial sector's contribution to the UAE's GDP, we find that ten years ago the percentage was almost 8%, and today, unfortunately, the ratio in 10 years was only 1%, meaning that we reached 9% and this is sad , ashamed."

His Highness stressed the importance of focusing on and supporting the industrial sectors in the country more. His Highness said: We have many ambitious projects, but priority must be placed ... the priority of the industrial sector.

His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, gave examples of the importance of the industrial sector in the country. His Highness said: "There are many areas, and many countries with which we have strategic partnerships, so we must benefit from their experiences, cooperation, and trust in us."

His Highness explained: "When a country commits to another country in the field of industrial and commercial investment, the agreement must be long-term, on clear foundations, and there must be mutual trust, without any surprises or changes in laws or regulations, or the intrusion of politics into agreements. change it for specific interests.

His Highness Sheikh Mansour bin Zayed Al Nahyan stressed that investment should achieve mutual interests between countries and be based on strong pillars, the most important of which is mutual trust between countries and not to change regulations and rules.

His Highness continued, "Today, I want to point out an important priority regarding some countries that we consider a strategic partner. This partnership does not mean only trade exchange, but the strategic partnership should contribute to the transfer of technology and industrial knowledge to the UAE."

His Highness added: "It is important for us to focus on the local sector, and to determine how we can empower the citizen to be productive and work professionally, so that the investor coming from abroad can rely on it for productivity."

And he stated: "This requires that we raise the level of education, the culture of the Emirati society, and the openness of the society to foreign and foreign investment. I hope the fellow citizens will contribute to the industrial development in the UAE, on which the focus will increase in the next five and ten years."

His Highness Sheikh Mansour bin Zayed Al Nahyan described the business environment in the UAE as attractive and competitive, and said: "We focus on attracting the largest possible amount of investments, especially investments from friendly countries, the Cooperation Council for the Arab States of the Gulf, or the Arab countries, and there are a number of Joint projects with some countries There are existing development projects or will be implemented in the near future.

In response to a question about the sectors that should be focused on in the industrial field, His Highness said: "The priority for the industrial sector will be to focus on the food industries, which we consider very important, as well as the pharmaceutical industries and the military industries."

He explained that in the field of the food industry, we have partnerships with important countries, which began by transforming factories and transferring technological knowledge to use these factories to the UAE, and the pharmaceutical industries have become advanced, and the best example is the experience of the vaccine industry in the Emirates, and many types of medicines.

His Highness said: "There are many factories, and we focus on attracting more, and there is a demand for their products, not only for the local market, but we focus on exporting the product manufactured in the UAE abroad, to neighboring countries and nearby countries.".. His Highness affirmed the increasing confidence of investors coming from abroad to invest in the country.

At the conclusion of the dialogue, His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, sent a message to the attendees at the World Government Summit, especially participants from outside the country, saying: My first message: “They should know that the UAE focuses on the principle of complete transparency. And investors can rely on it, and no investor will find legal violations, and he will not find any surprises that harm investments.”

His Highness affirmed: "We support the investment environment in the UAE in all forms, and there will be cooperation between us and the investors in the country, and the laws of the UAE are clear, and if they need to be amended, they will be amended and reformed in the interest of the state."

His Highness also sent a second message to the citizens of the UAE, calling on them to strive in educational attainment, and to be optimistic about the good. His Highness said: "They should know that the leadership of the UAE, headed by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the State, may God protect him, is very interested. By supporting citizens and focusing on their productivity, it is important that citizens benefit from the country’s industrial development in the near future.”

The panel discussion was attended by Minister of Energy and Infrastructure Suhail bin Muhammad Faraj Faris Al Mazrouei, Minister of Industry and Advanced Technology Dr. Sultan bin Ahmed Al Jaber, Minister of Community Development Hessa bint Issa Bu Humaid, Minister of State for Youth Affairs Shamma bint Suhail bin Faris Al Mazrouei and President of the Federal Authority for Protocol and Strategic Narrative Muhammad Abdullah Al Junaibi .

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