Industrial Accelerators: Simplifying procedures and enhancing investment attractiveness
Since the establishment of the Ministry of Industry and Advanced
Technology in July 2020, the ministry's Industrial Accelerators Sector has been
playing a key role in reaching out to and engaging with investors, with the aim
of facilitating their procedures and offering technical support. The sector
operates through four departments - Industrial Innovation, Partnerships and
Investment, Data, and Customer Happiness[
Through the Investment Office, mandated to build direct communication
networks with investors, the Industrial Accelerators Sector plays a significant
role in attracting international investments into the UAE's industrial sector.
We aim to boost the ease of doing industrial business in the UAE, enhance the
investment environment, and eliminate all sorts of routine procedures in setting
up a business
These initiatives will ultimately decrease costs and simplify procedures.
To achieve this, the Investment Office will serve as a one-stop-shop for business
set-up. Hence, we aim to create a conducive environment for industrial investors
and help them to benefit from the UAE's offerings and incentives, including a
readily available advanced infrastructure. This comprises existing infrastructure
in industrial zones, such as roads, water, natural gas, electricity
connections, telecommunications, and waste treatment, among other services, in
coordination with relevant local entities across the UAE
The Industrial Accelerators Sector also carries out data analysis of the
current industry, anticipates future developments that could affect the
industrial sector and other sectors, and evaluates their impact on the
ministry's strategies and policies. It also identifies activities that could
support investors and opportunities for new incentives and financing options,
which can be attained in coordination with the Emirates Development Bank and
other financial entities.
The Investment Office receives enquiries and ideas through an email
address (investments@moiat.gov.ae)
which has been allocated for investors, innovators, and manufacturers looking
to benefit from the vast opportunities and incentives that the UAE offers, and
investing in the grand industrial ambition that the nation is pursuing
Release Details
July 25, 2021