A recent report by the Commercial Registration and Licensing Sector of the Dubai Economic Sector (DED) shows a remarkable growth in the movement of industrial companies into the emirate over the past five years (from 2013 until the end of 2017), with 1260 industrial companies entering the emirate with an average of 252 companies annually.
The report, obtained by Emirates Today, showed that the number of such companies ranged from 230 companies a year to a minimum and 308 companies to a maximum.
According to the Dubai Economic Report, 2017 witnessed the entry of 244 industrial companies to the emirate, an increase of 6% compared to 2016, pointing out that there is a clear trend for the growth of the movement of industrial companies on an annual basis to Dubai.
The Dubai Economic Community confirmed that it is taking measures to enhance the ease of launching investment activity and supports the rapid establishment and registration of companies and businesses in the emirate through the provision of modern electronic services and the creation of a convenient mechanism for doing business, noting that the opportunity for the industrial sector comes within the framework of economic diversification in Dubai. It promotes its position as a regional and global center for business and finance.
According to the Dubai economy, manufacturing is one of the top five sectors driving the emirate's economy, which is expected to grow 4.2% in 2019, according to the International Monetary Fund, up from 3.4% this year.
The industry forecast for sales volumes this year is optimistic, especially in the sub-sectors, which include food, metal, plastic and glass manufacturers. The company is working with the private sector to boost productivity growth and support the business environment to ensure that capacity is maintained. Competitiveness of the emirate.
In their opinion polls, manufacturers' expectations were positive for the expected growth in the manufacturing sector.