UAE’s Industrial Sector: A Pillar of Innovation and Sustainable Growth

 The UAE's industrial and advanced technology sector has emerged as a cornerstone of sustainable economic development, demonstrating exceptional growth and resilience. Guided by the National Strategy for Industry and Advanced Technology, “Operation 300bn,” the sector continues to drive diversification, sustainability, and innovation.



Economic Contributions and Global Competitiveness

The industrial sector’s contribution to the UAE’s GDP rose to 11%, reaching AED 205 billion by the end of 2023. This achievement underscores its pivotal role in economic diversification and sustainable development. The UAE’s efforts to strengthen its industrial base have been globally recognized, with the country climbing from 35th place in 2019 to 27th globally in the UNIDO Competitive Industrial Performance Index (CIP). The UAE also retained its position as the top performer in the Arab world.

National In-Country Value Programme (ICV)

The National ICV Programme, a key initiative under the “Projects of the 50,” has redirected over AED 73 billion into the national economy by Q3 2024. This programme promotes local manufacturing and economic growth while fostering social impact. Notably, it has facilitated the employment of over 19,000 Emiratis in certified private-sector companies.

Streamlined Industrial Policies and Financing

The Industrial Development Council has significantly improved the sector’s regulatory environment by simplifying industrial licensing procedures. A new industrial law has eased requirements, particularly benefiting small and medium enterprises (SMEs).

Financial support for the sector has also seen remarkable growth. Over AED 19 billion in competitive funding has been provided through the Emirates Development Bank and other institutions, with AED 9.5 billion allocated in 2024 alone. This includes AED 1.1 billion earmarked for advanced technology and AED 1.8 billion in credit solutions offered by Etihad Credit Insurance.

The “Make it in the Emirates” Initiative

The “Make it in the Emirates” Forum has become a hallmark of industrial innovation and progress. By the end of 2023, purchase agreements for locally manufactured products over a 10-year period had reached AED 143 billion. Additionally:

  • Manufacturing contracts worth AED 62 billion were awarded.
  • Over 300 products were produced and purchased, collectively valued at AED 7 billion.

This initiative has fostered collaboration across sectors and strengthened the UAE’s position as a global hub for industrial excellence.

Advancing Technology and Sustainability

The UAE continues to emphasize the adoption of advanced technology in its industrial operations, supporting the transition toward a knowledge-based economy. Investments in cutting-edge technologies are pivotal in enhancing productivity and environmental sustainability.

A Vision for the Future

The UAE’s industrial and advanced technology sector stands as a testament to the country’s commitment to innovation, sustainability, and global competitiveness. With robust policies, significant financial investments, and strategic initiatives like the ICV Programme and “Make it in the Emirates,” the sector is poised for continued growth.

As the UAE progresses toward its ambitious goals under “Operation 300bn,” its industrial sector will remain a key driver of economic prosperity and a model for sustainable development on the global stage.

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