- The UAE is set to launch initiatives to increase industrial exports and strengthen the sector's contribution to the national economy. These efforts have already resulted in a 38% growth in the industrial sector's contribution to the GDP, reaching Dh182 billion ($50 billion) from Dh132 billion in 2020.
- The UAE witnessed a significant rise in the value of its industrial exports, reaching Dh175 billion last year. This represents a notable 49% increase compared to 2020, driven by the implementation of the National Strategy for Industry and Advanced Technology. Additionally, leading national companies like Adnoc announced plans to invest Dh110 billion in the next ten years, with the aim of procuring 300 products from local manufacturers.
Why it matters
The UAE's Operation 300bn aims to transform the country into an industrial center by 2031. The 10-year strategy focuses on increasing the industry's GDP contribution from Dh133 billion to Dh300 billion. Led by the Ministry of Industry and Advanced Technology, it prioritizes 11 sectors, supports national industry growth, attracts foreign investment, modernizes legislation, and promotes Fourth Industrial Revolution technologies through UAE Industry 4.0.
