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...