Skip to content Skip to Search
Skip navigation

UAE unveils new strategy to boost industrial and production sectors

By Pramod Kumar
Person, Human, Shoe Twitter/@HHShkMohd
Sheikh Mohammed says the programme aims to bring a paradigm shift in the automation of the industry

The UAE has launched a national programme to accelerate the pace of the technological transformation in its industrial and production sectors by developing 1,000 projects, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, said in a tweet.

The programme includes establishing national centres for industrial empowerment with plans to export AED 15 billion ($4.1 billion) worth of advanced local technological products a year.

“Our goal is a paradigm shift for the automation of the industry,” Sheikh Mohammed stated.

Dr Thani Al Zeyoudi, UAE minister of state for foreign trade, said in July that the country is looking to compete against the world’s most popular cities for international businesses by offering incentives to attract 300 digital companies to set up offices over the next year.

As part of the NextGenFDI initiative, the UAE Ministry of Economy has signed partnerships with seven entities to expedite the incorporation process for digital companies.

Among the incentives offered are a streamlined visa process, faster access to the banking system and better access to capital.

Latest articles

Switzerland-based Barry Callebaut is the world's largest manufacturer of industrial chocolate, with about a 40 percent market share in volume terms

World’s largest chocolatier plans factory in Egypt

The world’s largest producer of chocolate has said it plans to build a $30 million factory in Egypt. Switzerland’s Barry Callebaut is the world’s largest manufacturer of chocolate, with about a 40 percent market share in volume terms, and is the largest processor of cocoa beans with about 20 percent market share. Vamsi Mohan Thati, […]

Spinneys says the deal with Food Tech Valley is a 'significant step in our ambitious growth plans'

Spinneys to build processing unit in Food Tech Valley

The UAE supermarket chain Spinneys has signed a deal to build a 500,000 square foot food processing unit in Dubai’s Food Tech Valley as part of the plan to increase its locally sourced produce. The deal, which will last for 27 years, is intended to foster innovation in food processing as part of the wider […]

Turkey oil gas Somalia

Search for oil off Somalia has double motive for Turkey

Turkey’s search for oil and gas off the coast of Somalia is not just a bid to free it from a dependence on imports, observers say – the move has a geopolitical aspect, too. On October 5 the 4,800-tonne energy research vessel Oruç Reis sailed through Istanbul’s Bosphorus Strait on the first leg of its […]