UAE Cabinet approves strategy of advanced industries

The UAE cabinet, chaired by Vice President, Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed Bin Rashid Al Maktoum, approved the UAE strategy of advanced industries, mainly those that are in line with the fourth industrial revolution and its applications, with the aim of promoting industrialisation and fourth industrial revolutions applications across the sectors.

The strategy seeks to encourage business sector to adopt a strategy to develop futuristic industries and advanced technologies, and promote the competiveness of local industry on the global level, and to move into clean and sustainable industry, as well as attract talents and create jobs for local citizens.

The strategy is based on 6 pillars including a balanced development across the various region of the country, flexibility in planning and policies, integration between the various emirates of the country in term of abilities and industrial and logistic services, commitment to improve quality of life, supporting innovation to increase efficiency and reduce cost, developing advanced skills industries.

The industrial sector contributed 8.9% to local GDP in 2018, with industrial sector’s exports reaching 20%. The industrial sector employs 9% of total workforce as of 2017, the third largest employers with 460,000 job opportunity.