Industrial Sector's Contribution To UAE GDP Surges By 57% Amidst Robust Growth Initiatives

Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, announced a significant rise in the industrial sector's contribution to the UAE's GDP. This contribution has increased by 57%, with expectations to exceed AED210 billion. He also noted that since the Ministry of Industry and Advanced Technology was established in 2020, industrial exports have grown by 63% and are likely to surpass AED190 billion.

The 'Operation 300 bn' initiative aims to advance the UAE's industrial sector, boosting its role in the national economy. Dr. Al Jaber stated, "It has been a game-changer in enhancing the in-country value and industrial production to ensure sustainable supply chains and self-sufficiency." Other initiatives include the "Make it in the Emirates" campaign, inviting investors globally to contribute to UAE's industrial growth.

The 'Make it in the Emirates' Forum has been crucial for sustainable economic development. Over its first three editions, it identified more than 2,000 products worth AED143 billion for local manufacturing. The Forum secured AED7 billion in purchases and attracted AED20 billion in new investments. The next edition will be held from 19th to 22nd May 2025 at ADNEC, Abu Dhabi.

The National In-Country Value (ICV) Programme is part of the UAE’s "Projects of the 50". It has redirected over AED300 billion into the national economy with a spending increase of 181% by participating companies. This programme created 19,000 private-sector jobs for Emiratis, including 2,500 positions in advanced industries within a year through the ‘Industrialist Programme’.

Dr. Al Jaber highlighted advancements in technology and the Fourth Industrial Revolution (4IR). The Industrial Technology Transformation Index (ITTI) evaluated over 500 factories and certified more than 50 local assessors and 35 international assessors from 12 countries. This reflects the ministry's leadership in advanced technology fields.

The UAE's industrial sector is known for its competitive environment, leading in regional competitiveness and quality infrastructure. Investors benefit from a supportive ecosystem with over AED19 billion available for financing solutions. Of this amount, AED3.2 billion is allocated for advanced technology projects.

Commitment to Sustainable Development

In 2024, achievements in industry and advanced technology reflect a commitment to sustainable development. The ministry focuses on strengthening national supply chains and achieving self-reliance. Over 28,000 national standards have been implemented to enhance product competitiveness and facilitate global market entry.

The UAE continues to foster an environment conducive to industrial growth through various initiatives and programmes aimed at enhancing economic sustainability and technological advancement.

With inputs from WAM