Council reviews the impact of the National In-Country Value program on strengthening supply chains and creating growth opportunities in vital industries
• The law represents a key pillar for enhancing the performance of the sector as well as empowering and enhancing integration and partnerships in national industrial projects
• The council supports the Make it in The Emirates initiative and its goal to achieve self-sufficiency within priority and future industries
• The law strengthens the UAE’s position as an industrial global hub that attracts quality investments through incentives and enablers, including the National In-Country Value program (ICV), Industry 4.0, and Technology Transformation Program.
• Enablers and incentives support the industrial sectors’ attractive business environment and stimulate innovation as well as the adoption of advanced technology.
• UAE Cabinet approves new policy granting exclusive customs exemptions for imported materials that cannot be sourced locally to boost added industrial value and develop national supply chains