Dubai has introduced an initiative to encourage government entities to direct more of their spending more towards domestic suppliers in an effort to strengthen the local manufacturing sector.
The Dubai Department of Economy and Tourism (DET), in collaboration with the Dubai Department of Finance (DOF), launched the Dubai In-Country Value (ICV) Programme to create more opportunities for local manufacturers and Emirati-owned businesses, the Dubai Media Office said on Sunday.
Seven government entities – Dubai Municipality, Dubai Health, Dubai Police, Roads and Transport Authority, Dubai Customs, Dubai Electricity and Water Authority and Dubai Airports – will incorporate ICV criteria into their sourcing.
The programme will strengthen the emirate’s industrial base and advance sustainable economic growth, underscoring how unified government procurement can benefit local manufacturers and small companies to scale-up with purpose, Hadi Badri, chief executive of the Dubai Economic Development Corporation (DEDC), the economic development arm of DET, said.
“By placing greater emphasis on in-country value, we are enhancing supply chain resilience, promoting self-sufficiency, and reinforcing Dubai’s global competitiveness as a centre for high-value production and innovation,” he said.
Dubai, the commercial and tourism hub of the Middle East, aims to double the size of its economy to Dh32 trillion over the next decade and establish the emirate among the top three cities around the world as part of its D33 strategy. The plan aims to support 30 private companies in their push to become so-called unicorns – start-ups worth more than $1 billion.
The D33 agenda also aims to make Dubai a global digital economy leader, the fastest-growing and most attractive global business centre, a hub for sustainability and economic diversification, as well as an incubator for Emirati talent by 2033.
The emirate's ICV initiative was announced before the fourth Make It In The Emirates event in Abu Dhabi from May 19 to May 22. The annual event – five times larger compared to the 2024 edition – will have more than 700 exhibitors. This year's theme is Advanced Industries Accelerated, with AI and Industry 5.0 in focus.
The UAE is focused on developing non-oil sectors such as local manufacturing industry as part of its economic diversification agenda.
Dubai's new initiative will be delivered through the Tasharok shared procurement platform, covering 42 product categories and offering preferential rates to government entities, according to the statement.
The programme will also help retain a larger share of government expenditure within Dubai’s economy, further supporting gross domestic product growth, according to the statement.
The initiative aims to encourage government entities to prioritise suppliers with strong local capabilities ranging from manufacturers based in Dubai and Emirati-owned businesses, to firms employing local talent and operating within the emirate, it said.
UAE currency: the story behind the money in your pockets
Global Fungi Facts
• Scientists estimate there could be as many as 3 million fungal species globally
• Only about 160,000 have been officially described leaving around 90% undiscovered
• Fungi account for roughly 90% of Earth's unknown biodiversity
• Forest fungi help tackle climate change, absorbing up to 36% of global fossil fuel emissions annually and storing around 5 billion tonnes of carbon in the planet's topsoil
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Herc's Adventures
Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5
'The Ice Road'
Director: Jonathan Hensleigh
Stars: Liam Neeson, Amber Midthunder, Laurence Fishburne
2/5
Tearful appearance
Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday.
Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow.
She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.
A spokesman said her upset demeanour was due to a personal matter.
Killing of Qassem Suleimani
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Healthy tips to remember
Here, Dr Mohamed El Abiary, paediatric consultant at Al Zahra Hospital Dubai, shares some advice for parents whose children are fasting during the holy month of Ramadan:
Gradual fasting and golden points - For children under the age of 10, follow a step-by-step approach to fasting and don't push them beyond their limits. Start with a few hours fasting a day and increase it to a half fast and full fast when the child is ready. Every individual's ability varies as per the age and personal readiness. You could introduce a points system that awards the child and offers them encouragement when they make progress with the amount of hours they fast
Why fast? - Explain to your child why they are fasting. By shedding light on the importance of abstaining from food and drink, children may feel more encouraged to give it there all during the observance period. It is also a good opportunity to teach children about controlling urges, doing good for others and instilling healthy food habits
Sleep and suhoor - A child needs adequate sleep every night - at least eight hours. Make sure to set a routine early bedtime so he/she has sufficient time to wake up for suhoor, which is an essential meal at the beginning of the day
Good diet - Nutritious food is crucial to ensuring a healthy Ramadan for children. They must refrain from eating too much junk food as well as canned goods and snacks and drinks high in sugar. Foods that are rich in nutrients, vitamins and proteins, like fruits, fresh meats and vegetables, make for a good balanced diet
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Killing of Qassem Suleimani
Best Foreign Language Film nominees
Capernaum (Lebanon)
Cold War (Poland)
Never Look Away (Germany)
Roma (Mexico)
Shoplifters (Japan)
ELIO
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- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
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- Specialist robotics and science laboratories
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The specs
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