UAE industrial sector contributes $54bln to GDP in 2023

UAE industrial sector contributes $54bln to GDP in 2023

ABU DHABI: The Ministry of Industry and Advanced Technology (MoIAT) has announced its key achievements for 2023, topped by the sector’s contribution to the country's GDP reaching a projected AED197 billion in 2023.

The ministry’s achievements were driven by four main pillars, including: providing a business-friendly environment that supports the growth and attractiveness of UAE companies; boosting In-Country Value in the industrial sector; accelerating technological transformation to support productivity and competitiveness; and promoting sustainability. The pillars align with the objectives of the National Strategy for Industry and Advanced Technology, Operation 300bn.

Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, said, “The ministry is focused on implementing the vision of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. It is guided by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, to drive the industrial sector’s growth. We aim to achieve sustainable economic development by amplifying efforts and building a robust industrial sector, supported by an integrated legislative and regulatory system.

“The ministry continues to leverage advanced technology solutions