Dr. Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, announced that the industrial sector’s contribution to the Emirates’ GDP has risen by 57 percent, with expectations set to surpass $57 billion (AED 210 billion).
Al Jaber said in a press statement that the UAE industrial exports have experienced robust growth, increasing by 63 percent, and are anticipated to surpass $52 billion (AED 190 billion), since the establishment of the Ministry of Industry and Advanced Technology in 2020.
The minister highlighted ‘Operation 300 bn’, which aims to develop the UAE’s industrial sector and enhance its role in stimulating the national economy. “It has been a game-changer in enhancing the in-country value and industrial production to ensure sustainable supply chains and self-sufficiency,” he added.
Other initiatives include the “Make it in the Emirates” campaign, which represents an open invitation for local and international investors, innovators, and developers to join the UAE on its journey of industrial growth and serves as a reminder of the attractive value proposition of the UAE.
Dr. Sultan Al Jaber UAE Minister of Industry & Advanced Technology
“The National In-Country Value (ICV) Program, one of the UAE’s “Projects of the 50”, has significantly redirected expenditures into the national economy, reaching over $81 billion (AED 300 billion) with a 181 percent increase in spending by participating companies and entities. The program has successfully created 19,000 private-sector jobs for Emiratis, including 2,500 jobs in advanced and service industries within one year through the ‘Industrialist Program. The UAE’s industrial sector fosters a highly competitive and supportive environment, solidifying its position as the region’s leader in industrial competitiveness and quality infrastructure. Investors benefit from a robust ecosystem of enablers and incentives, including access to over $5 billion (AED 19 billion) in financing solutions, with a significant $871 million (AED 3.2 billion) earmarked for cutting-edge technology projects. Furthermore, the implementation of over 28,000 national standards enhances the competitiveness of UAE products and facilitates their seamless entry into global markets.”
The UAE minister highlighted the pivotal role of the ‘Make it in the Emirates’ Forum in driving sustainable economic growth. Across its first three editions, the Forum successfully identified over 2,000 products with a value of $38 billion (AED 143 billion) for local manufacturing.
Dr. Al Jaber highlighted the ministry’s visionary leadership in advanced technology and the Fourth Industrial Revolution (4IR) field. The Industrial Technology Transformation Index (ITTI) has assessed over 500 factories and certified more than 50 local assessors and 35 international assessors from 12 countries.
Furthermore, the minister indicated that the achievements made by the industry and advanced technology sector in 2024 mirror the ministry’s commitment to sustainable development, bolstering national supply chains, and achieving self-reliance.
