DUBAI — Dubai Exports, the export promotion agency of Dubai Economy, has successfully implemented over 60% of its initiatives designed in support of the Dubai Industrial Strategy 2030 in the first phase. The overall outcomes of the Phase 1 initiatives, which were endorsed by the General Secretariat of the Executive Council of Dubai, and sector-wise requirements as well as plans for 2019 were recently reviewed by Dubai Exports in a meeting held in accordance with its role in developing exports and driving industrial growth in Dubai.
"The Dubai Industrial Strategy 2030, launched by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, seeks to evolve Dubai into a global platform for industries based on knowledge, innovation and sustainability by enhancing industrial growth, industrial independence and integration between economic and strategic sectors," said Sami Al Qamzi, Director General of Dubai Economy.
Al Qamzi added that Dubai Economy along with its agencies is translating the objectives of the Dubai Industrial Strategy into a coordinated approach between various government and semi-governmental entities working on modernizing industrial activities in Dubai, developing of new industrial activities and enacting laws according to the labor market requirements.
"The manufacturing sector is currently the fourth largest contributor to Dubai's economy, following the wholesale & retail trade, transport & warehousing sector and the financial sector. The favorable investment climate in Dubai has made the emirate a regional hub for light and medium industries in the mechanical, chemical, food and beverage, metal products, machinery and equipment sectors. We have now completed 60% of our Industrial Strategy 2030 initiatives for the first phase, which will be completed by 2021. The first phase will enhance production in Dubai by no less than three per cent and positively reflect on the value added in Dubai and the UAE,” Al Qamzi said.
"We have completed 60 per cent of the industrial strategy initiatives for the first phase, which will be completed by 2021, and this is expected to contribute
