Developing new manufacturing industries will be one of the principal priorities for Abu Dhabi , the MEED Abu Dhabi 2013 Conference was told on 9 December.
We would like 2014 to be the year for industry for the emirate, said Ayman al-Makkawy, director-general of Abu Dhabis Industrial Development Bureau (IDB).
Al-Makkawy said manufacturing now accounted for about 6 per cent of Abu Dhabis gross domestic product (GDP). The Abu Dhabi vision calls for non-oil manufacturing to grow by 9 per cent a year to 2030. This is a challenge, Al-Makkawy said. What is crucial is the need to enhance the manufacturing sector to grow in line with other high-performing sectors.
The IDB was created on 4 November under law number eight of 2013. The IDB will promote the development of new manufacturing industries including in downstream petrochemicals and in iron and steel. The IDB will also support industries based on high-technology and knowledge capital.
More from MEEDs Abu Dhabi Conference
- Etihad Rail plans to tender phase 3 in second half of 2014
- Abu Dhabi plans port expansion schemes
- Etihad Rail to award phase 2 before second quarter of 2014
- Adma-Opco aims for 1 million production target in 2018
- Abu Dhabi to double oil rig count over two years
- Abu Dhabi airport looking to record passenger traffic of 16 million in 2013
- Passenger numbers at Abu Dhabi airport to more than double by 2020
- Abu Dhabis Zonescorp plans further major expansions
- Abu Dhabi increases focus on farming
- Abu Dhabi seeks to promote energy efficiency
- Abu Dhabi expands street signage programme with smart codes