The Ministry of Industry and Advanced Technology (MoIAT) and the Emirates Growth Fund (EGF) have signed a strategic Memorandum of Understanding (MoU) at Make it in the Emirates 2025, aiming to accelerate the growth of UAE-based SMEs in priority sectors — with healthcare at the forefront.

The agreement will align growth capital with national priorities under the UAE’s Operation 300bn strategy. This includes bolstering the healthcare sector by backing high-potential, growth-stage SMEs through long-term, flexible capital, enabling them to scale and meet national needs.

The MoU outlines collaboration between MoIAT and EGF to develop a pipeline of healthcare-focused SMEs, coordinate awareness campaigns, and enable greater access to private capital markets. This initiative aims to create homegrown healthcare champions that can contribute meaningfully to the UAE’s economic and social development.

H.E. Omar Al Suwaidi, Undersecretary of MoIAT, stated:
“This MoU lays the foundation for deeper collaboration to unlock value across priority sectors and support the UAE’s economic transformation. EGF is a key partner in realizing our national industrialization vision.”

H.E. Najla Al Midfa, Vice Chair & Managing Director of EGF, added:
“This partnership reflects a national ambition to build a stronger industrial future led by homegrown champions. EGF exists to back these businesses with more than capital: we offer partnership, guidance, and long-term belief in their potential.”

EGF also announced its first investment in the healthcare sector during the event, reinforcing its commitment to transforming healthcare delivery through innovation, scale, and strategic capital deployment.

The Emirates Growth Fund, a AED 1 billion initiative backed by Emirates Development Bank, aims to address a AED 7 billion funding gap faced by UAE SMEs in their scale-up phase—particularly in sectors such as healthcare, manufacturing, food security, and advanced tech.