DUBAI: The industrial sector’s contribution to UAE’s Gross Domestic Product (GDP) has experienced a 57 per cent increase, projecting to surpass AED210 billion, a top official said.
Dr. Sultan bin Ahmed Al Jaber, the UAE Minister of Industry and Advanced Technology, said that the growth underscores the vital role of the industrial sector in driving the UAE’s economic development, particularly since the establishment of the Ministry in 2020.
In addition to GDP growth, the UAE’s industrial exports have witnessed an impressive 63 per cent increase, with expectations to exceed AED190 billion. Such figures reflect the successful implementation of strategic initiatives, notably ‘Operation 300 bn’ aimed at enhancing the industrial sector’s capacity and promoting sustainable supply chains.
Dr. Al Jaber emphasised that this programme represents a paradigm shift in bolstering in-country value and fostering self-sufficiency.
The “Make it in the Emirates” campaign further exemplifies the UAE’s commitment to inviting both local and international stakeholders to participate in its industrial growth. The initiative highlights the attractive investment landscape of the UAE, facilitating collaboration among investors, innovators, and developers.
Make it in the Emirates Forum
The ‘Make it in the Emirates’ Forum has played an instrumental role in identifying opportunities within the industrial sector, successfully pinpointing over 2,000 local manufacturing products valued at AED143 billion.
The forum’s efforts have garnered AED7 billion in secured purchases and attracted AED20 billion in new investments, indicative of the UAE’s industrial potential. The forthcoming edition of the forum, scheduled from 19th to 22nd May 2025 at ADNEC, Abu Dhabi, is anticipated to be the largest and most comprehensive yet, promising significant advancements.
Moreover, the National In-Country Value (ICV) Programme, a hallmark of the UAE’s “Projects of the 50,” has redirected expenditures into the national economy, achieving over AED300 billion with a 181 per cent increase in spending from participating entities. Additionally, the programme has created 19,000 private-sector jobs, strengthening the labor market and providing opportunities for Emiratis.
Dr. Al Jaber also pointed to the Industrial Technology Transformation Index (ITTI), which has evaluated over 500 factories and certified numerous local and international assessors. The initiative underscores the ministry’s dedication to fostering a competitive industrial environment fortified by advanced technology.
