Abu Dhabi's manufacturing sector to hit Dh172 billion by 2031

Abu Dhabi Government will invest Dh10 billion across six transformational programmes to more than double the size of Abu Dhabi’s manufacturing sector to Dh172 billion by 2031.

This will be done by increasing access to financing, enhancing ease of doing business, and attracting foreign direct investment, authorities have announced.

Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan, member of the Abu Dhabi Executive Council and Chairman of the Abu Dhabi Executive Office on Thursday launched the Abu Dhabi Industrial Strategy to strengthen the emirate’s position as the region’s most competitive industrial hub.

The strategy, via the six programmes, will also create 13,600 skilled jobs, with a focus on Emirati talent, and boost Abu Dhabi’s trade with international markets, with a goal to increase Abu Dhabi’s non-oil exports by 143 per cent to Dh178.8 billion by 2031.

Multiple initiatives, including a new circular economy regulatory framework, as well as new green policies and incentives, will help continue Abu Dhabi’s transition towards a smart, circular economy, powered by an industrial sector that champions responsible production and consumption across waste management, parts supply, and manufacturing.

Commenting on the launch, which took place at Khalifa Industrial Free Zone (KIZAD), Mohammed Ali Al Shorafa, Chairman of the Abu Dhabi Department of Economic Development (ADDED), said: “In line with the UAE’s industrial strategy, Operation 300 billion, our roadmap will create the ideal environment for businesses to emerge and grow. It addresses our ever-growing productivity goals, helps secure future investor opportunities, safeguards our human capital and boosts job creation, and enables us to pre-empt evolving market conditions and shifting trends."