Operation 300bn powers the future of smart industries in the UAE

  • Date: 02-Dec-2022
  • Source: Gulf News
  • Sector:Industrial
  • Country:UAE
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Operation 300bn powers the future of smart industries in the UAE

From a small trading post to a regional economic powerhouse, the UAE has come a long way since the formation of the union in 1971. While celebrating its enviable record of growth and prosperity over the past 50 years, it has embarked on charting a new path towards a more resilient future with the launch of a series of unique initiatives, including the industrial strategy Operation 300bn. Combined with the unified brand identity – Make it in the Emirates – both are projected to further advance the nation as a robust economy for the future. The objective of Operation 300bn is to transform the flourishing industrial sector and enhance its role in stimulating the national economy. While reinforcing the UAE’s competitiveness as a manufacturing hub, the strategy looks at ramping up the contribution of the industrial sector to the country’s GDP from Dh133 billion in 2021 to Dh300 billion by 2031. The Make it in the Emirates initiative – an open call to all industrialists, investors, innovators and entrepreneurs to manufacture in the UAE – further boosts the nation’s reputation as a global destination for advanced industries. “Operation 300bn and Make it in the Emirates are significant and timely because