Dubai’s ruler His Highness Sheikh Mohammed bin Rashid Al Maktoum has launched the 2030 Dubai Industrial Strategy, according to a statement released on Saturday.
The strategy aims to add AED165 billion to the economy and create thousands of jobs by 2030 by setting out priorities for developing aerospace, maritime, aluminium and fabricated metals, pharmaceuticals and medical equipment, food and beverages, and machinery and equipment industries.
“The Dubai Industrial Strategy aims to leverage our advanced infrastructure and enabling environment to transform UAE into a global platform for innovative industries and a destination of choice for international companies seeking an integrated and favorable environment for growth and sustainability,” said Sheikh Mohammed.
The industrial sector is expected to grow by Dh18bn by 2030, creating 27,000 jobs, with exports forecast to rise by Dh16bn. Investment in research and development will increase by Dh700 million by 2030.
The strategy’s main focus is to develop and implement long-term industrial policies to enhance the competitiveness and sustainability of the industrial sector in Dubai and across its free zones.
He added: “Today we have put in place the basic framework needed to compete globally in the industrial sector and develop national talents.
