UAE’s Industrial Sector on the Rise: A Positive Outlook

 The UAE’s industrial sector continues to demonstrate impressive growth, driven by strategic initiatives and significant investments. In 2024, its contribution to the GDP surpassed AED 210 billion—an astounding 57% increase since 2020. This surge reflects the country’s commitment to industrial expansion, supported by both government policies and private sector participation.

Key highlights includes- AED 5.537 billion in new financing for manufacturing in the first nine months of 2024. 63% growth in industrial exports, now exceeding $51.3 billion. The “Make it in the Emirates” campaign fostering local manufacturing worth $38.61 billion. The National In-Country Value (ICV) programme injecting $81 billion into the economy.

With these advancements, the UAE is strengthening its position as a global leader in industrial competitiveness and innovation. 

Read more: https://theworldreviews.com/uaes-industrial-sector-shows-positive-outlook-report/

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