Dubai Export Development Corporation signs MOU with Gulf Organisation for Industrial Consulting to foster industrial growth in the UAE

DEDC delegation was headed by Engineer. Saed Al Awadi, Chief Executive Officer, while H.E Dr. Ahmed Khalil Al-Mutawa, Secretary-General, GOIC lead the GOIC team. The MOU seeks to establish a framework for facilitating cooperation and coordination between GOIC and EDC to foster industrial development in the UAE.

"DEDC continuously strives to optimize the Emirate's exports through strategic partnerships and associations with relevant bodies. We believe this partnership will help attract foreign investments from industrial projects while simultaneously improving the industrial landscape," said Engineer. Saed Al Awadi, Chief Executive Officer, DEDC.

"Developing the country's industrial strength will also reduce import dependence and create a self sustaining infrastructure."

This agreement comes after the success of Dubai Industrial Investment and Partnership forum (DIIPF), which was organised by the Dubai Export Development Corporation in collaboration with the Dubai Economic Department and the Gulf Organisation for Industrial Consulting. The event was held under the patronage of His Highness Sheikh Hamdan Bin Rashid Al-Maktoum Dubai Deputy Ruler and Minister of Finance.

According to recent statistics, Dubai's industrial production has tripled over the past 10 years, and now accounts for about one third of the United Arab Emirates. This is the result of a successful state-led programme, which has seen investment concentrated on industries where Dubai holds a competitive advantage.

Under this agreement, the Gulf Organisation for Industrial Consulting (GOIC) will establish a web-site containing all the industrial partnerships, sub-contracting projects, and categorizing all the companies information that have been obtained within the first phase and coded the same manner applied within UNIDO.

According to The Ministry of Economy, the contribution of manufacturing sector to GDP of the Emirate of Dubai rose by 152% during the last six years, to reach Dhs26.5bn in 2006 compared with 10.5bn in the year 2001, and this development is a result of the industrial sector development programmes adopted by the Dubai government.

"GOIC not only embodies the same passion for boost industrial growth as DEDC, but has also consistently demonstrated its ability to deliver on the highest of expectations. We firmly believe that together we will promote Dubai's export drive," concluded Al Awadi.