The industrial sector in UAE is a highly dynamic one which is propelled by innovative strategies and rapid diversification. The sector is also expected to cater to about 20 per cent of the nation’s GDP by 2030, a growth that is in sync with Dubai Industrial Strategy 2030. The strategy has been initiated to revamp the industrial sector to boost its growth and also to create a large number of jobs
The assistant undersecretary for Oil, Gas and Mineral Resources, Ahmed Al Kaabi, said while addressing the Future Manufacturing and Trade Summit that the UAE has a an extremely diverse and vibrant industrial sector which does not juts bank upon oil derivatives but also on chemicals, fertilizers, food and enterprises in the free zones.
Dubai has also set up a range of manufacturing facilities in the city which include 18 industrial zones. The industries account for up to 9.4 per cent of the city’s total GDP The Dubai Industrial Strategy explores five objectives that are aimed at boosting insutrial growth. Thus its advocates the increase in total output and value addition of the manufacturing sector, improve innovation and knowledge, take steps to make Dubai the hub of manufacturing avenues, encourage manufacturing that is environmentally sustainable and also to make the city the Centre point for the Islamic products domain.