He stressed that the results of the studied plans that were launched with the vision, support and directives of the leadership to accelerate and double the diversification of the national economy as a utmost strategic necessity, have begun to be achieved on the ground, and at the forefront of that is the improvement of the competitiveness of the national industry, indicating that all indicators confirm that the industrial sector in the country has achieved qualitative leaps and shifts. Exceptional in recent years thanks to this vision and hard work through various strategies, plans and initiatives to support priorities The UAE In this aspect, in cooperation with strategic partners and the private sector.
He said in a key session within the activities of the annual government meetings UAE 2024 If we want to diagnose the reality of the industrial sector in the Emirates now, there is nothing clearer than the qualitative shift it has achieved over the past three years, which constitutes an exceptional success for the national strategy for industry and advanced technology, “Project 300 Billion”, as the value of the industrial sector’s contribution to the gross domestic product has reached The state’s total by the end of the year 2023 reached 205 billion dirhams, a growth of 55 percent compared to 132 billion dirhams in 2020.
The value of our industrial exports rose to 187 billion dirhams in 2023, a growth of 61 percent compared to 2020. These are clear indicators that the UAE is on the right track in achieving its goals for this sector, which is one of the basic future pillars for building a stronger and more sustainable economy.
He added Dr. Sultan Al Jaber The launch of the National Strategy for Industry and Advanced Technology, “The 300 Billion Project,” and all the initiatives and projects emanating from it, succeeded exceptionally in establishing an ideal industrial business environment in the UAE, which is an environment stimulating for growth and supportive of competitiveness, based on an integrated system of enablers, incentives, and a flexible legislative structure. Quality infrastructure and competitive financing solutions, which contributed to the growth of the industrial sector, enhanced efficiency and competitiveness, and increased investment attractiveness in vital and priority industries for the national economy.
He said that the successes achieved by the UAE in this field provide more opportunities, and we continue to focus on the basic axes within our strategic programs, most notably enhancing national content in the industrial sector and increasing the added value of manufacturing to cover our basic needs, in addition to localizing and sustaining supply chains to enhance national self-sufficiency. And to support the competitiveness of the Emirati product at the local and global levels, we are also working to multiply the opportunities that achieve additional value in the industrial sector in the Emirates, whether enhancing local investment opportunities, attracting foreign investments, especially in vital, advanced and sustainable industries, as well as facilitating the access of Emirati products to global markets. .
He also added that the “National Content” program, which is one of the most important strategic initiatives of the Ministry and one of the “50 Projects” for the UAE, achieved qualitative and important leaps that resulted in the redirection of 67 billion dirhams to the national economy in 2023, an increase of 109 percent over the year 2020, while spending amounted to During the first half of the year 2024, the program included more than 48 billion dirhams, after expanding its application to include 31 federal and local government agencies, and many major national companies in the country.
Dr. Sultan Al Jaber stressed that the great economic impact of the “National Content” program is clearly evident through the growth in the value of national spending, and the cumulative value of the program has reached more than 285 billion dirhams since its launch, which reflects the program’s success in recycling these amounts within the national economy and also has an impact. Socially, this is notable, as the number of citizens working in companies that have obtained the program’s certificate in the private sector reached more than 16,000 citizens at the end of 2023, an increase of 159 percent compared to 2020.
He revealed the great progress achieved by the “Make in the Emirates” Forum, which is the first specialized platform focused on highlighting and enhancing the growth of national industries, and since its launch in 2022, it has provided incentives and financing solutions worth more than 16 billion dirhams, in addition to the investment opportunities made available to companies for national manufacturing. Through the purchasing opportunities project for more than 2,000 products with a value exceeding 143 billion dirhams. His Excellency said: “We are working to launch the fourth largest and most comprehensive edition of the “Make in the Emirates” forum, and it is planned to display purchasing opportunities worth more than 165 billion dirhams for more than 3,000 products, during the period from 19 to 22 May next at the Center AdnikAbu Dhabi.