The United Arab Emirates (UAE) has launched a program called “Make it in the Emirates” to entice investors, inventors, and developers to take part in the country’s “Operation 300Bn” strategy for industry and cutting-edge technology. The purpose is to aid in the expansion of the UAE’s export market and the growth of the country’s future industries and innovative manufacturing.

There are a lot of upsides to investing in the UAE

• The government and private sector work together to create a fertile environment for business creation and expansion in the country.
• The United Arab Emirates (UAE) has an excellent energy mix and low energy prices.
• Logistics, transportation, and communication are other strong suits for the country, as evidenced by its modern airports, freight firms, and sea ports that can accommodate substantial traffic.
• The United Arab Emirates has a high credit rating and excels in global economic performance and ease of doing business measures.
• The country has a sophisticated legal system, and its central location provides it a gateway to markets with billions of potential customers within a day’s travel time.

The initiative has received funding and guidance from the Ministry of Industry and Advanced Technologies (MoIAT) and the Emirates Development Bank (EDB). As the financial engine behind Operation 300Bn, EDB provides a number of resources for business owners, investors, and innovators in the manufacturing sector.

Resources Providing

• These include green finance
• Sponsorship of machinery and equipment upgrades (especially those involving Fourth Industrial Revolution – I4.0) applications
• Support for business expansion
• Structured financing and capital investment
• Feasibility studies
• Incubation programs for new businesses.

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