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Etihad Cargo has prolonged its Memorandum of Thought (MoU) with the Ministry of Commerce and Progressed Technology (MoIAT), offering preferential air cargo charges to In-Country Cost (ICV)-certified firms. This initiative comes as fraction of Etihad Cargo’s dedication to promoting local products, strengthening the UAE’s industrial sector and embellishing its competitiveness in international markets.

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Offering discounted air cargo charges across Etihad Cargo’s lickety-split, the prolonged MoU used to be signed by Stanislas Brun, Vice President Cargo at Etihad Cargo, and Salama Al Awadi, Director of National In-Country Cost Programme (ICV) at MoIAT, within the presence of His Excellency Omar Al Suwaidi, Undersecretary of MoIAT. The signing ceremony took house on the sidelines of the Abu Dhabi Worldwide Petroleum Exhibition and Convention (ADIPEC), held on the Abu Dhabi National Exhibition Centre (ADNEC).

Below the prolonged MoU, Etihad Cargo will continue to present a 25 per cent gash tag on air cargo tariffs to ICV-certified firms. As a consequence, more UAE-based fully mostly firms will have the skill to scale their operations across the UAE and catch admission to more international markets. Constructing on the conventional settlement signed in 2021, the partnership highlights Etihad Cargo’s indispensable role in driving the UAE’s courageous efforts to raise in-country worth and empower local manufacturers.

Promoting Competitiveness

HE Al Suwaidi acknowledged: “The prolonged MoU is aligned with the Ministry’s National Diagram for Commerce and Progressed Technology (Operation 300bn), geared toward diversifying the national economy and embellishing the UAE’s industrial sector competitiveness. The National ICV Programme serves as a key pillar in empowering this sector and boosting the resilience and sustainability of supply chains. Moreover, extending the settlement will give a rob to the export capabilities of local firms.

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“Leading national firms, such as Etihad Airways, continually are attempting to enhance the UAE’s pressure against sustainable industrial and economic construction. Etihad Airways is a strategic accomplice of MoIAT and used to be one of many first firms to join the National ICV Program in 2021. It additionally prioritises local suppliers and industrial firms in its procurement enterprise.

“The UAE has house a clear vision to elevate the national enterprise atmosphere and foster a aggressive economy. Therefore, the MoU underscores the crucial role of national entities in supporting local products and steering bigger ask against local procurement,” HE Al Suwaidi added.

Brun acknowledged: “Etihad Cargo stays committed to fostering a supportive atmosphere for local manufacturers and firms. It delivers bespoke logistics alternatives that align with the UAE’s In-Country Cost targets. This collaboration provides the UAE’s industrial and restore firms the opportunity to beget bigger into more international markets. Therefore, it aligns with Etihad Cargo’s dedication to advancing the targets of Operation 300bn alongside with Abu Dhabi’s vision of enterprise diversification and long-interval of time sustainability.”

Extending the MoU between Etihad Cargo and MoIAT reaffirms their shared strategic vision to leverage logistics operations as a catalyst for sustainable industrial boost within the UAE. It additionally embodies Etihad Cargo’s ongoing dedication to increasing the local enterprise and enabling ICV-certified firms to beget bigger globally, based fully mostly on the UAE’s vision of increasing a aggressive, resilient, and sustainable economy.

steve@positionglobal.com