Mazroui: 460 thousand jobs in industry .. And the number of citizens in the «sector» few

The Minister of Energy and Industry, Suhail Al Mazrouei, said that «the ministry submitted to the Council of Ministers a general policy and a comprehensive strategy for the development of the industrial sector in the country, is expected to be announced before the end of this year», stressing that «the industrial sector in the country currently provides 460 thousand jobs, but the number of citizens in it Few, which will be addressed in the coming period ». He pointed out that the new industrial strategy aims to improve the professional level of Emiratis, and give them a new working culture, and encourage the export of advanced products to various parts of the world.

800 ministers

Al Mazrouei, during a press conference held yesterday at the Ministry to announce the hosting of Abu Dhabi, the eighteenth General Conference of the United Nations Industrial Development Organization (UNIDO), in early November, with the participation of more than 800 ministers and officials from 170 countries, that the choice of Abu Dhabi to host the conference «UNIDO» It is a testament to the growing confidence in the UAE's role in shaping a transformative future for the global industrial sector.

"The new strategy aims to raise the sector's contribution to GDP," he said, noting that the industrial sector contributed 11.5% to the UAE's non-oil output last year.

Industrial sector

Al Mazrouei said: `` The contribution of the UAE industrial sector to the GDP is 11.7%, reaching around 118 billion dirhams in 2018. The steady growth in industrial activity indicates the success of the UAE in establishing a strong manufacturing base. The growth of the sector reflects the great achievements made by the State in the development of industrial sectors during the past five years, which has become one of the most important sectors in support of the policy of economic diversification. The industrial sector is one of the main drivers in supporting the economic development of the UAE and has a pivotal role in boosting the country's GDP, which is expected to reach 20% by 2030. ”

The new strategy

He stated that the new strategy aims to achieve sustainable development, and is based on innovation and reduce carbon emissions, support small and medium enterprises, and activate industries based on inventions, and achieve the contribution of innovation in the non-oil output of the state 5% by 2021, in addition to supporting national companies to reach global, Invest in research and development in promising sectors, focus on companies that rely on innovation, entrepreneurship and advanced industries, develop a forward-looking national economic and industrial strategy, and place the UAE among the most important economies in the world.

In response to a question about the investments of the industrial sector and the share of foreigners, Al Mazrouei said: “There is a steady growth in industrial investments significantly, especially after the application of government incentives, both in Dubai, Abu Dhabi and local governments. This steady growth in the industrial sector activity indicates the success of the state in establishing The growth of the sector reflects the significant achievements of the state in the development of industrial sectors during the past five years, which has become one of the most important sectors supporting the policy of diversification of the economy.

He pointed out that foreign investments constitute 9% of the volume of investment in the industrial sector.