Announcing the assignment of the task of developing the "sector" to the Dubai Corporation for the Development of Industry and Exports

Hamdan bin Mohammed: 33.5 thousand industrial investors in Dubai... and industrial companies jumped 94.1% compared to 2006

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His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, said: "We are working in accordance with the vision of His Highness Sheikh Mohammed bin Rashid to increase the contribution of industry to the economy... and to include the development of the industrial sector in the tasks of (Dubai Corporation for the Development of Industry and Exports) that supports ( Dubai Industrial Strategy 2030), and its impact on enhancing the UAE’s leadership as a destination for future industries, and confirming Dubai’s position as its center.” His Highness added: “There are more than 33.5 thousand industrial investors in Dubai... and the number of industrial companies has exceeded 6,700 companies, with a growth rate of 94.1% compared to the number of industrial investors. In 2006, we have all the ingredients necessary to implement the objectives of the industrial strategy, which aims to add 160 billion dirhams to Dubai’s GDP by the next decade.”

His Highness' statements came on the occasion of adding a new jurisdiction to the Dubai Export Development Corporation, to become its new name, the Dubai Corporation for the Development of Industry and Exports, stressing that it will play a pivotal role in transforming the Emirate of Dubai into a center for future industry and attracting local and foreign investment to the industrial sector.

economic diversification

In detail, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, stressed that "the industrial sector in Dubai is one of the main sectors in the approach to economic diversification, and that it is a thriving sector capable of achieving more growth and expanding sources of income, as well as integration With global markets, the emirate, thanks to the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, was able to develop the necessary infrastructure and create an attractive environment and appropriate climate for industrial investment across a range of sectors that serve both local consumption or Today, Dubai has become a hub for various industries, including light and medium industries, in the Gulf region, with a focus on mechanical equipment, chemicals, food and beverage products, metal products and machinery.”

future industry

His Highness, the Crown Prince of Dubai, indicated that «Dubai Corporation for the Development of Industry and Exports, one of Dubai's economic institutions, will play a pivotal role in transforming the Emirate of Dubai into a center for future industry and attracting local and foreign investment to the industrial sector, in light of the powers approved by Law No. (3) For the year 2021 issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as Ruler of the Emirate of Dubai, and in line with the objectives set in the Dubai Industrial Strategy 2030 and (the 300 billion project).

His Highness said in a tweet to him on Twitter: "We are working according to the vision of His Highness Sheikh Mohammed bin Rashid to increase the contribution of industry to the economy. The development of the industrial sector included the tasks of (Dubai Corporation for the Development of Industry and Exports) that supports (Dubai Industrial Strategy 2030), and its impact on Strengthening the leadership of the UAE as a destination for future industries and confirming Dubai’s position as its center.”

His Highness added: "There are more than 33.5 thousand industrial investors in Dubai. The number of industrial companies has exceeded 6,700, with a growth rate of 94.1% compared to the numbers in 2006. We have all the necessary ingredients to implement the objectives of the industrial strategy aimed at adding 160 billion dirhams to Dubai's GDP. by the next decade.”

Dubai strategy

The Dubai Industrial Strategy 2030, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, aims to make Dubai a global platform for businesses and industries based on knowledge, innovation and sustainability.

The strategy identified 67 initiatives, and they will have a positive impact on Dubai's economy, as it is expected to add 160 billion dirhams to the emirate's gross product until 2030.

The efforts to develop the industrial sector in Dubai coincide with the objectives of the National Strategy for Industry and Advanced Technology “Project 300 Billion”, as a ten-year government strategy that seeks to advance the industrial sector in the country and enhance its contribution to the GDP from 133 billion dirhams to 300 billion dirhams by 2031, being the driving force for the economy sustainable national.

Manufacturing Capabilities

Over the past years, the Dubai Corporation for the Development of Industry and Exports, formerly known as the Dubai Export Development Corporation, has overseen the follow-up of the implementation of the initiatives of the Dubai Industrial Strategy 2030, which are mainly related to the manufacturing and export capabilities that the emirate has gradually acquired.

The expansion of the scope of the Corporation's mandate to include the development of the industrial sector comes within the framework of the increasing focus on industrialization in Dubai and the UAE and the need to coordinate with the various relevant authorities regarding policies, initiatives and services for industrial development and export promotion.

I aim ambitious

Sami Al Qamzi, Director General of Dubai Economy, said: "We thank our wise leadership for their confidence in Dubai's economy to develop the industrial sector in the emirate, and the team of the Dubai Corporation for the Development of Industry and Exports will work to achieve the desired goals in the field of facilitating the practice of industrial activities and exports, and will work with the relevant authorities and sectors from In order to create a future regulatory framework for an innovative and intelligent industry.”

Al Qamzi pointed out that the ambitious goals set for the industrial sector, whether in the Emirate of Dubai or at the level of the UAE, will provide unprecedented opportunities for high-tech industries, as well as small and medium enterprises to develop and enhance competencies in emerging disciplines, such as research and development, clean energy, and health care. And biotechnology, space, and the global outbreak of the “Covid-19” pandemic and its impact on the global industry proved the competitive advantage that the Emirate of Dubai enjoys in linking trade and people, and the sustainability of business activities.

global platform

For his part, CEO of Dubai Corporation for the Development of Industry and Exports, Engineer Saed Al-Awadi, said: “The Corporation focuses on making Dubai a global platform for industries based on knowledge, innovation and sustainability, by promoting sector growth and industrial interdependence, integrating with economic and strategic sectors, and providing a more attractive investment environment. competitiveness of the industrial sector.

We believe in the Corporation that the city has become a global platform for business and provides great opportunities for companies and industries.”

Al-Awadi explained that the industrial sector in the emirate has shown remarkable stability during the past few years, according to data from the Dubai Statistics Center, where the average contribution of the sector's GDP during the period 2015-2019 (at constant prices) amounted to 9.3%.

Industrial exports from Dubai witnessed an average growth of 7% during the period 2015-2019, and the total value of industrial exports from Dubai in 2020 amounted to about 167 billion dirhams, with a growth rate of 8% compared to 2019, according to Dubai Customs data.

Services and initiatives

He added: "Dubai Corporation for the Development of Industry and Exports will work during the coming period to intensify efforts with local and international partners concerned with the industrial sector to develop services and initiatives that serve the sector and its needs, especially in the recovery phase, in addition to launching the second phase of Dubai Industrial Strategy 2030, in line with the directions of The state and the national strategy for industry and advanced technology (the 300 billion project), which depends on advanced technology, sustainable economic development and the solutions of the Fourth Industrial Revolution.

Dubai's growing industrial capabilities are underlined by the manufacturing sector, which ranked fourth in Dubai in terms of GDP contribution during 2019, after wholesale and retail trade, transportation and warehousing, and financial and insurance services.

The manufacturing sector also constituted the third largest workforce in the emirate in 2019.

Dubai Crown Prince:

• «We are working according to the vision of Mohammed bin Rashid to increase the contribution of industry to the economy».

• «The industrial sector in Dubai is booming, and is capable of achieving more growth and expanding sources of income».

• "Dubai has developed an infrastructure, an attractive environment, and a suitable climate for industrial investment, across a range of sectors."

• "We have all the ingredients necessary to implement the objectives of the industrial strategy to add 160 billion dirhams to Dubai's GDP by the next decade."

6 main sectors

The Dubai Industrial Strategy identified 67 initiatives to achieve its goals, and focused on six basic industrial sub-sectors: aviation, naval ships, pharmaceutical industries and medical equipment, manufactured metals, food and beverage products, and machinery and equipment.

A report issued by the commercial registration and licensing sector in the Dubai Economy stated that the entry movement of companies operating in the industrial sector amounted to 6,728 companies from 1963 to the first quarter of 2021, and the number of companies increased from 3,466 to 6,728 companies during the period from 2006 to the first quarter of 2021, with a growth rate It is 94.1%.

The number of investors in the industrial sector reached 33,548 investors.

The fourth industrial area of ​​Al Quoz came in the forefront with regard to the concentration of effective companies operating in the industrial sector, followed by the first Dubai Investments Park, then the first Jebel Ali area. As for the distribution of these companies according to the main areas in the Emirate of Dubai, the largest share was in Bur Dubai with 72% , followed by Deira with 27.1%, and Hatta with 0.9%.

The new specialty

The addition of the new specialization to the Dubai Corporation for the Development of Industry and Exports comes within the framework of Dubai's strategy to support national industries and promote their non-oil exports in global markets, by pursuing opportunities in foreign markets and diversifying exports, where the competitive environment in Dubai enables companies to overcome Challenges, as was clearly evident during the global outbreak of the “Covid-19” pandemic, while the Dubai Corporation for the Development of Industry and Exports will focus on supporting investors and manufacturers worldwide, to take advantage of these investment opportunities that Dubai provides in various sectors.

• The number of companies increased from 3,466 to 6,728 from 2006 until the first quarter of 2021.

• Creating services and initiatives that serve the sector and its needs, especially in the recovery phase.

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