UAE: Manufacturing to play major role in increasing non-oil exports

UAE: Manufacturing to play major role in increasing non-oil exports

UAE - The Abu Dhabi Department of Economic Development (ADDED) has reaffirmed its support of manufacturing sector to play a major role in increasing the emirate’s non-oil exports from Dh73.5 billion in 2021 to Dh178.8bn by 2031.

It will be achieved through providing a conducive ecosystem to achieve this 143 per cent increase in a decade. This was revealed during the ‘CEOs Forum for Exporting Manufacturers’ forum.

Improving Abu Dhabi’s trade with global markets in the industrial sector is a key objective of the Abu Dhabi Industrial Strategy (ADIS).

The strategy is aiming to strengthen the emirate’s position as the region’s most competitive industrial hub by investing Dh10 billion across six transformational programmes to more than double the size of Abu Dhabi’s manufacturing sector from Dh83.5 billion in 2021 to Dh172 billion by 2031.

Rashed Abdulkarim Al Blooshi, Undersecretary of ADDED, said: “This forum is part of our efforts to achieve the ambitious goals of Abu Dhabi Industrial Strategy by working closely with manufacturers, contributing positively to increasing non-oil exports”.

“Despite challenges in global economy, Abu Dhabi non-oil trade during the first half of 2002 grew 12 percent to Dh124 billion, and exports rose 26 per cent to Dh49.5 billion. Also, the industrial sector performance