UAE industrial exports hit Dhs120b with 220 new facilities in service

  • Date: 27-Jan-2022
  • Source: Gulf Today
  • Sector:Industrial
  • Country:UAE
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UAE industrial exports hit Dhs120b with 220 new facilities in service

The UAE has successfully enhanced the growth and development of the industrial sector, with the Ministry of Industry (MoI) and Advanced Technology overseeing a historic rise in industrial exports from the UAE to foreign markets, which totaled approximately Dhs120 billion (around $33 billion) in 2021. During the Federal National Council session, addressing the development of the UAE’s industrial sector, Dr. Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technology (MoIAT), was joined by Sarah Bint Yousif Al Amiri, Minister of State for Advanced Technology. “The ministry’s achievements within just a year of its establishment speaks volumes of the team’s efforts to support and enhance the industrial sector in the UAE, as well as boost the roles of startups and entrepreneurs, SMEs, and large players,” Al Jaber said. He also announced that the significant increase in the UAE’s industrial exports coincided with a major surge in factories commencing production in 2021, with 220 new facilities going into service. These facilities benefited from the UAE’s comprehensive National Strategy for Industry and Advanced Technology, which aims to boost the industrial sector’s contribution to the GDP from Dhs133 billion to Dhs300 billion by 2031. Highlighting the National In-Country Value (ICV) Programme, Al