UAE’s Industrial Sector Flourishes, Igniting Business Opportunities and Economic Growth

UAE’s Industrial Sector Flourishes, Igniting Business Opportunities and Economic Growth

The United Arab Emirates (UAE) has again demonstrated its industrial prowess by securing the top position in the Arab region and climbing to the 29th spot globally in the Competitive Industrial Performance Index (CIP) released by the United Nations Industrial Development Organisation (UNIDO). The CIP assesses the industrial performance of 153 countries, benchmarking their ability to produce and export competitively in the global economy.

Under the CIP, the UAE has made notable advancements across multiple indices. It jumped from 124th to 115th in Industrial Export Quality, 98th to 95th in the Share of Manufacturing Value Added in GDP, 110th to 97th in the Share of Manufacturing Exports in Total Exports, and 17th to 14th in the Manufacturing Export per Capita index.

The UAE's impressive climb of two spots from last year's index reflects its commitment to sustainable economic development and highlights its position as a key player in the global industrial sector. The CIP evaluates various indicators such as technological capabilities, innovation, productivity, and trade performance to gauge and compare the strength of industrial competitiveness within countries.