The United Arab Emirates considers the development of its industrial sector one of the key drivers of long-term economic growth. This was highlighted by Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and head of
ADNOC, during his speech at the "Make it in the Emirates" forum.
According to Al Jaber, the industrial sector already plays a significant role in the UAE economy. The sector's contribution has reached AED 200 billion, representing a 70% increase. Meanwhile, industrial exports have reached AED 262 billion, including AED 92 billion from high-tech industries.
Al Jaber emphasized that a strong industrial base enhances the resilience of the UAE economy and enables it to adapt more quickly to external challenges, including fluctuations in global markets. Manufacturing development also remains an essential part of the country's economic diversification strategy, aimed at gradually reducing dependence on oil revenues.
One of the key initiatives supporting this strategy is
"Operation 300bn". The program aims to position the UAE as one of the world's leading industrial hubs by 2031.
The minister also announced plans to increase procurement under the national manufacturing localization program from AED 168 billion to AED 180 billion over the next decade. In addition, the UAE authorities intend to localize the production of more than 5,000 products across strategically important sectors.
The
"Make it in the Emirates" forum takes place in Abu Dhabi from May 4 to 7, bringing together representatives from the industrial sector, businesses, and government organizations.
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