Al Suwaidi: Very positive indicators for UAE industrial sector
November 20, 2023 / 6:59 PM
Sharjah 24: Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology, revealed during the “Industry Dialogue Council in the Emirate of Sharjah” very positive indicators and growth for the sector, noting that the total deals for the National Value Added Programme in the UAE last year reached about 53 billion dirhams in the industry, with a growth of 25%.
He stressed that the council is very important for communication between the Ministry and local government agencies as well as the private sector, during which the initiatives undertaken by the Ministry were introduced and linked to the Industry and Advanced Technology Strategy, which is Operation 300bn.
He added to “Sharjah 24” that it is very important for the industrial sector to know the ministry’s initiatives, especially since this sector is an essential component of the UAE’s economy. The Emirates Development Bank is one of the strategic partners that has an important role in implementing the initiatives. During the council, we listened to opinions, inquiries and proposals from players in the industrial sector, which will benefit us to accelerate the industry development process and focus on sustainability issues.
Omar Al Suwaidi pointed out that the total deals for the National Value Added Programme in the UAE last year reached about 53 billion dirhams in industry and a growth of 25%, explaining that all current numbers indicate achieving this number and more, and indicate positive growth during the current year 2023, and during the first quarter of next year, there will be a report on the industry’s contribution to the domestic product, as well as the number of industrial exports, and indicators to attract new industrial partnerships and investors, whether from inside or outside the country.