UAE’s industrial strategy to help attract investment and create new jobs

UAE’s industrial strategy to help attract investment and create new jobs

The UAE government's plan to increase the contribution of the industrial sector to the country's economy in the next 10 years will help create new jobs and attract fresh investment into the country, according to experts.

The UAE's leadership announced a new industrial strategy named Operation 300bn on Monday to more than double the contribution of the industrial sector to the country's overall economic output to Dh300 billion by 2031, from Dh133bn currently.

The new strategy will lead to “to an economic add-on effect ... call it a domino effect or a multiplier effect from which you can expect to see a few things,”