Abu Dhabi offers investment incentives under new Basic Industries Project in push for self-sufficiency – The National

  • Date: 23-Jul-2020
  • Source: The National
  • Sector:Economy
  • Country:UAE
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Abu Dhabi offers investment incentives under new Basic Industries Project in push for self-sufficiency – The National

Emirate to offer discounts on utilities and other rewards for schemes that boost local manufacturing of key products





























An Emirates Global Aluminium employee at the company's Taweelah refinery. Aluminium production is one of the core sectors of the economy that will come under focus as part of Abu Dhabi Department of Economic Development's Basic Industries Project. Image courtesy of EGA











Abu Dhabi's Department of Economic Development outlined investment opportunities in 27 fields to boost local manufacturing of basic consumer and industrial products in a push towards self-sufficiency.



The government is aiming to attract private sector investment in four key basic industries of food production, medical supplies, power generation and important materials such as iron, aluminium and cement, the department told reporters during a virtual press conference on Wednesday.



The government agency highlighted 14 new investment opportunities in medical supplies, including gloves and face shields. Another eight areas in food production targeted range from manufacturing dates to baby foods,turning food waste into animal feed and seed production.



Opportunities in power generation include the manufacture of solar panels and batteries needed for