Every day
Industry is the best option
Sami Al Riyami
reyami@emaratalyoum.comsamialreyami
March 28, 2021
Ten years only, is the time period set by the UAE to raise the industrial sector's contribution from 133 billion dirhams to 300 billion dirhams, according to what His Highness Sheikh Mohammed bin Rashid Al Maktoum announced in the new industrial strategy of the decade, which will focus on future industries that depend on Advanced technology and fourth industrial revolution solutions, in order to empower the economy, stimulate it, and supply it with elements of sustainable growth.
It is certainly not easy to reach this number, but it is not impossible either, and given the determination of the leaders of the Emirates and the real potential of the country, achieving this goal is possible, and therefore we are on the verge of a quantum leap in the industrial field, which will contribute to changing the shape of this sector in the Emirates, including It enhances its attractiveness to investors, and provides an opportunity to increase the contribution of modern technologies and solutions to the development of the industrial sector, and to increase production rates and efficiency.
The importance of industry is not concealed by anyone, and there is no doubt that it is the real lever for the rest of the economic sectors, and its presence on the list of priorities during the coming period is the solution, and the beginning of the correct steps towards sustainable growth, as industry is what determines the status of countries, and it determines the status of the rest of the economic sectors And its growth and development and the increase in attracting capital to invest in it, necessarily revitalize the rest of the real estate and commercial sectors, and necessarily create more jobs, thus continuing the economic cycle, and achieve growth and recovery.
The time has come to re-launch the state’s industrial strategy. Past experience has made us realize that relying on certain sectors and focusing on them exclusively does not lead to sustainability and has a high risk, while relying on industry enhances plans for economic diversification, and makes industry a pillar of development. Sustainable, and mainly for attracting qualitative investments in vital and major industrial fields, which leads to economic stability and strengthens the national economy in a way that makes it capable of facing any global crises ... financial or economic.
The UAE is one of the countries most qualified to play an important and vital industrial role in the region, because it contains many competitive advantages, such as: a strategic geographic location, government support, and an advanced infrastructure in transport and logistics. Therefore, the state’s orientation towards industry is a pioneering qualitative step that makes From the UAE, an ideal choice for promising future industries!
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