Industrial exports hit a high as UAE gears for quantum leap

Industrial exports hit a high as UAE gears for quantum leap

The industrial sector in the UAE is projected to have contributed over Dh180 billion to the national economy in 2022, with exports accounting for Dh174 billion, underscoring the ability of the booming sector to compete on the global stage.

Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, said the MoIAT has made impressive achievements that support the UAE’s industrial growth through its several programs and strategies in 2022.

Going forward, the government is working to position the UAE as a global 4IR hub, while building a competitive national economy based on knowledge, innovation, and future technologies. It also focuses on growing the rate of advanced technology adoption among national industries from 5.0 to 7.0 per cent in 2023, MoIAT said in a statement.

Al Jaber noted that the industrial sector’s enhanced efficiency and competitiveness had increased its investment attractiveness and supported the growth of national GDP. “According to the United Nations Industrial Development Organization, the UAE’s industrial exports reached Dh174 billion, which underlines the ability of our national industries to compete on the global stage. The industrial sector is projected to have contributed over Dh180 billion.”

"MoIAT issued 263 new industrial production licences in 2022 – a 20 per cent