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ABU DHABI / WAM
The Abu Dhabi Department of Economic Development (Added) and Tawazun Industrial Park, established
by Tawazun Council, have signed a memorandum of understanding to boost industrial sector’s competitiveness and further develop it by implementing initiatives and programmes of the Abu Dhabi Industrial Strategy (Adis).
The agreement was signed by Arafat Al Yafei, Executive Director of Added’s Industrial Development Bureau (IDB) and Faiz Al Nahddy, MD and CEO of Tawazun Industrial Park, in the presence of senior officials from both sides.
The MoU focusses on delivering the initiatives launched by IDB to achieve Adis objectives by investing AED10 billion in six transformational programmes. These programmes aim to more than double the sector size to AED172 billion, create 13,600 new jobs, and contribute to increasing Abu Dhabi’s non-oil exports to AED178.8 billion by 2031.