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UAE to localize 5,000+ products in push for industrial sovereignty – Minister of Industry and Advanced Technology and ADNOC Group CEO Dr. Sultan Al Jaber
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ABU DHABI, United Arab Emirates — The United Arab Emirates (UAE) pledged $49 billion in industrial procurement opportunities on Monday and announced plans to localize more than 5,000 products as the Gulf state doubled down on its industrial sovereignty agenda.
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Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, made the announcement at the opening of the fifth edition of Make it in the Emirates, which follows a period that has tested the region.
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“History remembers the challenges nations face. But it also remembers how nations respond to them and what they build next,” he said.
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TA’ZIZ announced $40.5 billion worth of agreements aimed at expanding UAE chemical production capacity. The opportunities include offtakes and $2 billion of financing for the UAE’s first world-scale methanol plant.
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A $270 million National Industrial Resilience Fund (NIRF) was also launched, which will create 4,000 jobs and eventually substitute up to $24.5 billion industrial imports ($820 million a year). On Sunday, ADNOC unveiled $54.4 billion in procurement opportunities and planned projects.
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Billions more in deals and investments are expected throughout the week.
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Dr. Al Jaber described the UAE’s departure from OPEC and OPEC+ as “a carefully considered strategic decision” aligned with the country’s long-term economic ambitions.
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“It is not directed against anyone,” he said, adding that the decision “gives us greater ability to accelerate investment, expand, and create value.”
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Dr. Al Jaber said the UAE’s industrial sector contribution has reached $54.5 billion, a 70% increase on 2021, while industrial exports climbed to $71.4 billion — including $25.1 billion in advanced industrial exports.
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The new $49 billion offtake commitment is to be deployed over the next decade and targets sectors critical to economic, food, and healthcare security.
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“Economic security cannot be imported — it must be built and protected,” Dr. Al Jaber said.
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Dr. Al Jaber added: “When a vital artery such as the Strait of Hormuz is closed, it does not only affect one region – it affects the entire global economy.”
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“Freedom of international navigation is non-negotiable and cannot be compromised.”
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Addressing international investors directly, Dr. Al Jaber positioned the UAE as a global manufacturing platform — citing flexible regulation, advanced logistics, and connectivity to international markets.
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Contacts
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Sara Alqarout
00971529456243
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English (US)