Abu Dhabi Industrial Strategy drives 23% sector growth, industrial enterprises up 19.4%

19 May 2025 12:50
ABU DHABI (WAM)The Abu Dhabi Industrial Strategy (ADIS) is supercharging the manufacturing sector, and accelerating the economic diversification in the emirate.Since ADIS's launch in June 2022, the industrial GDP in Abu Dhabi has grown 23 percent, from Dh90.8 billion in 2022 to Dh111.6 billion in 2024, and the number of industrial enterprises has rised 19.4 percent from 925 to 1,104, said Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED).Participating in a panel discussion on the opening day of the 4th session of Make it in the Emirates, Al Zaabi highlighted the initiatives and programmes of the UAE and Abu Dhabi aimed at fostering an investment climate that accelerates industrial growth, and unlocks long-term economic resilience.Al Zaabi said, "The UAE has developed a robust ecosystem that attracts and empowers global talents and high-quality investments, as reflected in the significant growth of FDIs in various sectors, including the industrial sector."He added that the UAE's industrial strategy has established the right frameworks to stimulate the industrial sector, with a strong focus on enhancing resilience to address emerging trends, challenges, and rapid changes through various programmes, including talent development, financing, ease of doing business, supply chains, ICV, sustainability, Industry 4.0, and attraction of foreign direct investment (FDI).
"We work closely with the Ministry of Industry and Advanced Technology (MoIAT) to contribute to 'Operation 300bn', aiming to raise the industrial sector GDP to Dh300 billion by 2031, and align with the UAE's Net Zero 2050 Strategy," he said. Al Zaabi explained that Abu Dhabi's manufacturing sector increased its contribution to 53 percent of UAE's industrial GDP, with a 6.6 percent rise to Dh210 billion in 2024. This is in comparison to a 51.3 percent contribution to the country's industrial sector in 2023, and 46 percent in 2022.'A key component of our soaring 'Falcon Economy', ADIS is strengthening Abu Dhabi's position as the region's most competitive industrial hub. It is guiding the manufacturing sector's transition to Industry 4.0 and the adoption of smart manufacturing's methods, techniques, and approaches,' he stated.In 2024, Abu Dhabi's manufacturing sector remained the largest non-oil contributor to the emirate's GDP, accounting for 9.5 percent of total GDP, and 17.3 percent of non-oil GDP.In Q1-2025, the industrial sector continued its growth, with the number of new industrial licences rising 4.7 percent to 89 licences, compared to 85 new licences in the corresponding period last year. The number of industrial licences moved from under-construction to production stage surged by 65 percent to 33, compared to 20 in Q1-2024.Abu Dhabi's Falcon Economy is rapidly emerging as a global centre of advanced industries and technologies, building world-class hubs for finance, advanced manufacturing, AI, and New Energy.
As part of its initiatives to capitalise on advanced technologies to address pressing needs and future-proof the economy, Abu Dhabi has been launching sector-specific clusters, including Smart and Autonomous Vehicles Industry (SAVI), AgriFood Growth & Water Abundance (AGWA), and Health, Endurance, Longevity, and Medicine (HELM).

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Al Etihad

3 hours ago

• Al Etihad

Abdulla Al Hamed meets Arab content creators in Cannes

21 June 2025 19:35 CANNES (WAM) Abdulla bin Mohammed bin Butti Al Hamed, Chairman of the National Media Office (NMO) and Chairman of the Board of Directors of the UAE Media Council, met with a number of Arab content creators during his participation in the Cannes Lions International Festival of Creativity in the French city of meeting was attended by Dr. Jamal Mohammed Obaid Al Kaabi, Director-General of the National Media meeting highlighted the upcoming BRIDGE Summit, scheduled to take place in Abu Dhabi this December, as a global platform for fostering media collaboration and developing an advanced media ecosystem that anticipates future Hamed affirmed that the summit provides a vital space for engagement, knowledge exchange and the creation of new media solutions that amplify the positive impact of content. He invited content creators to actively participate in the summit's activities, emphasising their pivotal role in shaping public awareness and delivering creative messages to diverse audiences across digital added that content creation has become a powerful tool for building awareness and culture, and an essential element in supporting the path of sustainable development. Al Hamed also stressed the importance of producing content that reflects Arab culture and issues and communicating them to global audiences, especially in relation to the aspirations of Arab youth for development and prosperity.

Gulf Today

6 hours ago

• Gulf Today

Mubadala and ADPIC partner to explore strategic collaborations

Mubadala Investment Company (Mubadala), an Abu Dhabi sovereign investor, and the Abu Dhabi Projects and Infrastructure Centre (ADPIC) have signed a partnership agreement to foster collaborations in various areas which features a comprehensive framework for cooperation between the two organisations, aimed at advancing infrastructure initiatives crucial to Abu Dhabi's development as a leading destination of choice. These include comprehensive feasibility studies, knowledge sharing, and assessments to evaluate the viability for proposed projects, as well as sharing insights to develop sustainable financing models. The agreement was signed on the first day of Abu Dhabi Infrastructure Summit (ADIS) 2025, in the presence of Maysarah Mahmoud Eid, Director-General, ADPIC and Khalifa Al Romaithi, Executive Director of UAE Real Estate at Mubadala's UAE Investments Platform. Commenting on the collaboration, Maysarah Mahmoud Eid said, 'Through our collaboration with Mubadala, we are dedicated to pioneering sustainable, high-quality projects that will promote economic growth and create lasting infrastructure developments that meet the Emirate's needs while contributing to its prosperity.' Khalifa Al Romaithi said, 'Our partnership with ADPIC is centred around spearheading future focused state-of-the-art infrastructure projects in Abu Dhabi. This collaboration is a testament to Mubadala and ADPIC's commitment to support Abu Dhabi Government ambitions in making the emirate one of the world's most liveable and economically resilient cities.' The partnership between Mubadala and ADPIC is set to drive forward-thinking solutions and comprehensive project planning across Abu Dhabi's infrastructure landscape, reflecting a robust commitment to future-proofing the Emirate's growth and solidifying its position as a dynamic hub for investment and development. The Abu Dhabi Infrastructure Summit, hosted by ADPIC, is a strategic platform that convenes global leaders, investors, and industry experts to explore innovation, investment, and sustainability in infrastructure. The summit supports Abu Dhabi's long-term vision by fostering collaboration and showcasing opportunities that will shape the Emirate's future-ready, resilient built environment. Meanwhile Mubadala, the Abu Dhabi sovereign investor, and Abu Dhabi National Energy Company (Taqa), one of the largest listed integrated utilities in Europe, the Middle East and Africa have completed the acquisition of a gas-fired power generation plant at the Talimarjan Power Complex in Uzbekistan. Mubadala and Taqa each hold a 40 per cent stake in the 875 MW TPP1 combined-cycle gas-fired plant through a newly established project company, Talimarjan Power Plant 1 LLC. Both Taqa and Mubadala also hold a 40 per cent stake in the Talimarjan Operations & Maintenance LLC (O&M), which was established to operate the plant. Uzbekistan's JSC 'Talimarjan Issiqlik Elektr Stansiyasi' (TIES) holds the remaining 20 per cent stakes in both the project company and the O&M entity. This transaction supports investments into the privatisation of Uzbekistan's power sector. It follows a strategic partnership between the Governments of Uzbekistan and the United Arab Emirates whereby Mubadala and Taqa will bring their global power sector expertise to the local power market in Uzbekistan. The 875 MW TPP1 plant has a Power Purchase Agreement (PPA) with JSC 'Uzenergosotish' (UES) (successor power purchaser to JSC 'National Electric Grid of Uzbekistan') for 25 years and plays a critical part in meeting demand for electricity in Uzbekistan as the country continues to experience rapid population and economic growth. Hammad Rahman, Head of Asia Pacific Infrastructure at Mubadala, said: 'Mubadala is committed to supporting countries across the world to meet their energy needs while reducing carbon emissions. Efficient natural gas-fired powered plants such as TPP1 will play an important part in enabling the transition to cleaner sources of energy.' 'Uzbekistan is recording a significant growth in demand for power, and Mubadala looks forward to working with Taqa and our local partner TIES to ensure communities and businesses across the country have access to reliable, affordable and secure power supply that supports progress and socioeconomic development.' Frank Possmeier, Chief Investment Officer, Generation at Taqa, said: 'Taqa is pleased to collaborate with Mubadala and TIES in acquiring this vital asset that plays a crucial role in Uzbekistan's journey towards a privatised energy sector. As a low carbon power and water champion, Taqa will leverage its extensive experience and expertise to help Uzbekistan meet its growing energy needs while continuing to invest in this critical sector. Our stake in TPP1 demonstrates progress in delivering on our 2030 targets which aim to grow our power generation capacity to 150 GW and strengthens our operation and maintenance capabilities which is also a pivotal element of our strategy. Agencies

Al Etihad

7 hours ago

• Al Etihad

GCC visitors spending expected to reach $223.7 billion in 2034: GCC-Stat

21 June 2025 16:04 MUSCAT (WAM) The latest data released by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat) revealed that the expected spending by visitors to GCC countries is projected to reach $223.7 billion in 2034, while the expected contribution of incoming visitor spending to total exports will reach 13.4%.The Centre also indicated that GCC countries are achieving steady progress in many tourism-related data demonstrate that total international visitor spending in GCC countries amounted to $135.5 billion in 2023, with a 28.9% increase compared to the figures recorded in GCC countries ranked first in the Middle East and North Africa region's 2024 Safety and Security Index. All GCC countries scored above the regional average of 5.86 points, taking into consideration that the index ranges from 1 to 7 points. They also ranked among the top 6 countries in terms of passport power in the Arab region.