the ministry provided 1,000 job opportunities for national cadres during the past year, at rates that were studied with the Ministry of Human Resources and Emiratisation
The report, which the ministry presented to members of the Federal National Council, during the council’s session held the day before yesterday, to discuss the topic of “the role of the Ministry of Industry and Advanced Technology in developing the national industry,” stated that the ministry’s strategy aims to empower the UAE industrial sector by developing future industries and enhancing national value. Added to the industrial sector, in an effort to transform the UAE into a regional and global center for future industries, and support the local demand for UAE industries, through the promotion of UAE exports to global markets, leading to the creation of new and qualitative job opportunities in the industrial sector.
The report indicated that to achieve this pivotal role, the Emirates Development Bank allocated a financial portfolio of 30 billion dirhams, over five years, to support several industrial sectors, contribute to the financing and support of more than 13,500 small, medium and large companies, and create 25,000 jobs “falling under the Financing solutions” provided by the bank in five priority sectors that have great potential to drive economic growth, including “manufacturing (petrochemicals, plastics, heavy industries, machinery, electrical appliances and renewable energy equipment), infrastructure (energy, transportation, communications and digital infrastructure), technology (software and technology services). Information, storage devices, peripherals, renewable energy technology and educational technology), health care (pharmaceuticals, biotechnology, medical equipment and hospital services), and finally food security (agriculture, livestock, marine and water desalination).
The report pointed out that the ministry provided 1,000 job opportunities for national cadres during the past year, at rates that were studied with the Ministry of Human Resources and Emiratisation, explaining that these jobs came under the umbrella of projects of a national governmental character, and there are large and excellent numbers that will be announced when talking about the ministry’s indicators, and there Excellent optimism by manufacturers and various companies.