Future Manufacturing & Trade Summit 2017

6-7 November 2017
Jumeirah Emirates Towers
Dubai, UAE

#FMTS2017

Industry Insights

Economic diversification continues unabated, with a target of increasing the contribution of the non-oil sectors to UAE GDP from 70% today to 80% during the next fifteen years

Dubai Industrial Strategy

The Department of Economic Development (DED) identifies the major sub-sectors as the main drivers of the manufacturing economy that include processed food and beverages, plastics, electrical machinery and equipment, chemicals, minerals, base metals and pearls and precious stones.
Heavy Industries
Eg: steel, oil-refining, chemicals, engineering, ship-building, aerospace, plastics and paper etc
Light (consumer) Industries
Eg: Electrical goods, clothing
food-processing, furniture and
toys etc
High-tech Industries
Eg: microprocessors, semiconductors and fiber optics etc

The strategy also capitalises on the ever-evolving industrial sector that is today the third largest strategic sector in Dubai’s economy with a GDP contribution close to 16%

The strategy will have a significant impact on Dubai’s economy towards 2030, as it is expected to lead to-

Creating more than 27,000 specialized jobs for the region
Increase in R&D spend by approximately 70mn Dhs
16bn Dhs forecasted increase in exports
18bn Dhs GDP growth within industrial sector (currently 41bn Dhs)
160bn Dhs forecasted increase in Dubai’s total GDP

Dubai has 18 industrial zones split between mainland and free zones

UAE aims to attract $75bn in manufacturing sector by 2025


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6-7 November 2017

Jumeirah Emirates Towers
Dubai, UAE

Industry News

 

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