ABU DHABI, Nov 3 (NNN-WAM) – Manufacturing activities contributed 12.1 percent to Abu Dhabi’s non-oil GDP in 2018, ranking first among 17 major activities, according to a top official in the UAE capital..
In statements marking the UAE capital’s hosting of the 18th session of the General Conference of the UN Industrial Development Organisation, Rashid Abdul Karim Alblooshi, Undersecretary of the Department of Economic Development-Abu Dhabi, said, “Activities in Abu Dhabi’s manufacturing sector increased over the years, ranking second in terms of growth rate, at 5.9%.”
“Foreign investors continued to flock to domestic manufacturing industry over recent years. The volume of FDI inflows in the manufacturing sector in 2018, was estimated at 20.3 percent. It ranked second in terms of relative importance after the construction sector.”
“Abu Dhabi was ranked 69th in 2018, in the Innovation Cities Index of Think Now 2, an Australian company specialising in innovation research and studies, garnering a total score of 43 points. The capital has also been named an ‘Innovation Hub.’ Moreover, Abu Dhabi ranked 2nd globally as the best city to live, work, and do business in, according to Ipsos City Index 2017.
“These achievements are the result of the emirate’s investment-friendly environment, and attractive incentives for industrial investment. We can see clearly that Abu Dhabi prioritises the industrial sector, as part of its move to boost the economic contributions of the local non-oil sectors, according to Abu Dhabi Economic Vision 2030. As a result, a myriad of opportunities in the field of research, development, innovation, and trade is continuously being generated.”
Alblooshi described the food manufacturing industry as ‘highly vital’ for the government and its food security programme. “Abu Dhabi has 65 food manufacturers that received ‘production’ license; 57 factories with construction license; and 26 companies with industry pioneers’ license. The Specialised Economic Zones and the Khalifa Industrial City, Kizad, have dedicated industrial clusters targeting food companies.
“Amid increasing export demand, the plastics industry is considered as one of the most significant as well. Abu Dhabi has 93 production plants in which Borouge is one of the big industry players. Kizad has also developed an industrial cluster aimed at attracting investments to the local plastics industry.”
On the role of the Fourth Industrial Revolution in local industrial sector, he noted that, 4IR has long “arrived in Abu Dhabi’s industrial sector. So, advanced science, technology, and data are the main engine, helping drive the domestic sector’s development.
“Next-generation technologies increase productivity of factories, improve product quality and global competitiveness, and fast-track the decision-making process. Productivity is one of the main criteria of the Electricity Tariffs Incentive Programme, under which the productivity level of a factory is divided by the standard international productivity. Applying new technologies will boost the emirate’s industrial sector and its productivity level. Abu Dhabi targets the best advanced technologies, including 3D printing, robotics, and artificial intelligence, among others, based on the needs and requirements of each factory.”
On hosting UNIDO’s General Conference, the top official said, it will help bolster Abu Dhabi’s position as a leader in global industrial sector. “To help raise the emirate’s global status in the industry, the government will continue to leverage next-generation technologies. The gathering will also present an opportunity to strengthen Abu Dhabi’s relations with UNIDO’s member states, as well as, learn more about the latest best international practices in relation to the Fourth Industrial Revolution, industrial parks, and the circular economy and implement the same in local market.”– NNN-WAM
