Money and business

Dubai reviews its industrial system with “Make in the Emirates”

Today, the activities of the fourth session of the “Maken in the Emirates” forum, under the slogan “accelerate the advanced industries”, which will continue until May 22, will start at the Abu Dhabi National Exhibition Center with the participation of more than 700 companies, a group of decision makers and officials in the institutions of the governmental and private sectors, entrepreneurs, investors and industrialists, with expectations to attract more than 30 thousand visitors.

The Dubai Economy and Tourism Department announced its participation in the forum, to highlight export programs, success stories, and the main potentials supporting Dubai’s vision to make the emirate a global industrial center within the framework of Dubai Economic Agency D33.

The Dubai Pavilion comes as a pivotal platform that brings together the main bodies that contribute to the empowerment and growth of the industry sector in the emirate, including the Dubai Industrial City, the National Industries Agency, the Dubai Authority for Integrated Economic Zones, Dubai Chambers, and the South Dubai.

The “Economy and Tourism” explained that the manufacturing sector in Dubai plays an essential role in supporting the economic development efforts in the emirate, supported by a group of government initiatives aimed at improving global competitiveness and ensuring sustainable growth in the sector, pointing out that Dubai has succeeded in attracting new investments to the sector within the framework of the industrial strategy that gives priority to advanced manufacturing technologies, and aims to develop local capabilities to meet the needs of Global markets, where the total value of the manufacturing sector in Dubai during the first nine months of 2024 reached 28.3 billion dirhams.

Accelerated growth

“The manufacturing sector in Dubai is witnessing an accelerated growth driven by strong foundations for sustainable industrial growth, an advanced infrastructure, and flexible and smart regulatory frameworks, as well as access to global markets,” said Hadi Badri.

Al -Badri attributed these achievements to the vision and directives of the rational leadership, which put ambitious goals within the Dubai Economic Agency D33, and established a successful model of integration between the public and private sectors. He said: «Dubai today provides an ideal environment that enables manufacturers to innovate, expand their business, and reach their products to international markets with confidence and efficiency.

He added: «Our participation in the Forum (Make in the Emirates) reflects the commitment of the Department of Economy and Tourism in Dubai to support the UAE’s strategy to achieve economic diversity. Our endeavors are also strengthening to reach the ambitious targets of the Dubai Economic Agency D33, in line with the efforts of the Ministry of Industry and the advanced technology aimed at strengthening the industrial sector in Dubai.

Dubai’s Economy and Tourism Department, through its participation, seeks to highlight the integrated industrial scene in the emirate, which allows manufacturers to benefit from the advanced infrastructure it enjoys, as well as launching business and export support initiatives.

Dubai -based manufacturers contribute to providing vital commodities for the UAE government, as well as exporting products to more than 130 countries, benefiting from comprehensive economic partnership agreements that provide access to high -growth markets.

Investment projects

According to “Economy and Tourism”, in 2024 the emirate attracted 52.3 billion dirhams of new foreign direct investment projects, equivalent to 14.2 billion dollars, which represents an increase of 33.2% over 2023, which is the highest value registered in the emirate ever for foreign direct investment in one year.

Dubai achieved a record in receiving new foreign direct investment projects, which numbered 1117 projects, as well as the 1826 foreign direct investment projects, which provided 58 thousand and 680 job opportunities.

The manufacturing sector continued to acquire momentum through foreign direct investment projects, which amounted to 5.767 billion dirhams, equivalent to $ 1.571.4 billion, compared to 2.411 billion dirhams (657.1 million dollars) in 2023. Dubai’s strong performance confirms the prosperity of the international business environment and infrastructure and business -supporting organizations.

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