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Sheikh Khalid bin Mohammed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman of the Abu Dhabi Executive Office, recently launched the Abu Dhabi Industrial Strategy.
The strategy will see the Abu Dhabi government invest AED10 billion in six transformational plans to expand Abu Dhabi’s manufacturing sector by one by 2031 by increasing access to finance, improving ease of doing business and attracting foreign direct investment. more than 172 billion dirhams.
Through six programmes, the strategy will also create 13,600 skilled jobs, focus on Emirati talent, and boost Abu Dhabi’s trade with international markets, with the goal of increasing Abu Dhabi’s non-oil exports by 143% to AED178.8 billion to 2031.
Mohammed Ali Al Shorafa, Chairman of the Abu Dhabi Department of Economic Development (ADDED), said: “Abu Dhabi’s Integrated Industrial Strategy Blueprint is an ambitious vision that will guide the future of manufacturing in the emirate. , and shape a resilient and diversified economy for decades to come. Operating 300 billion in line with the UAE’s industrial strategy, our roadmap will create the ideal environment for businesses to emerge and grow. It addresses our growing Productivity goals that help secure future investor opportunities, protect our human capital and facilitate job creation, and allow us to stay ahead of changing market conditions and changing trends.
“The Abu Dhabi Industrial Strategy includes a smart circular economy initiative that drives value creation and ensures cost competitiveness. Combined with Abu Dhabi’s favorable business ecosystem of public-private partners and investor-friendly regulations, we are ushering in a new era of economic growth. era.”
Falah Mohammad Al Ahbabi, Chairman of AD Ports Group, said: “Based on the UAE’s ambition to develop and implement effective economic strategies that directly impact local economic growth and enhance its leadership in international trade and industry, Abu Dhabi’s industrialisation strategy is A huge initiative that reflects our wise leadership’s commitment to a sustainable transformation of the economy over the next decade.
“Utilizing the full potential of innovative technologies in the UAE’s industrial sector, while driving the development of a strong and diverse manufacturing industry, we will be able to achieve the next phase of our national economy and enhance its position as a leading global industrial powerhouse. Despite the global economy Still complex and disruptive, but thanks to the strategic direction of the UAE leadership, Abu Dhabi’s industrialization push is putting the emirate on an upward path, boosting non-oil GDP growth while promoting fast-growing, vibrant and employment An opportunity-rich logistics and manufacturing ecosystem.”
The six programs will focus on:
Circular Economy: The circular economy initiative will drive sustainability across the industry by enabling responsible industrial production and consumption. A robust circular economy regulatory framework for waste, recycling and consumption will be developed and implemented, along with policies to encourage ESG (environmental, social and governance), green procurement and incentives to improve environmental sustainability.
Industry 4.0: Industry 4.0 initiatives will accelerate business growth through widespread adoption of new technologies and processes. Their integration will stimulate competitiveness and innovation, supported by initiatives such as the Smart Manufacturing Funding Scheme, the Smart Assessment Index, and Competency Centres that provide training and knowledge sharing.
Talent development: In addition to creating jobs with a focus on Emirati talent, the talent development programme will assess capabilities across the industry and provide upskilling programmes to fill skills gaps and meet future needs. The Job Placement Program will provide rewarding career paths in high-demand fields.
Ecosystem Empowerment: Ecosystem enablers include digital geographic information systems (Gmapping for industrial land search and a unified inspection program for quality control. Through government fees, land rebates, R&D and taxes, as well as simplifying customs processes and costs, and around industrial and housing regulatory reforms.
Local supply chain: The Homegrown Supply Chain Initiative will enhance the resilience of the industrial sector by increasing self-sufficiency and promoting domestic products. The already extensive Abu Dhabi Gold List, which encourages government procurement of locally manufactured products in high demand, is being expanded; meanwhile, access to foreign markets will be eased through a comprehensive economic partnership agreement, as well as a programme of bilateral trade agreements. Locally manufactured products will also be purchased and delivered as part of foreign aid.
Value chain development: In order to promote local infrastructure construction and achieve end-to-end integration, a supply chain equity investment fund will be established. In addition, compensation will be provided to support industrial funding, and the Abu Dhabi Channel Partnership Programme will incentivize foreign direct investment. Al Ain and Al Dhafrah’s infrastructure enhancement plans will further strengthen the ecosystem.
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