The United Arab Emirates launched a state industrial strategy aimed at raising the contribution of the industrial sector from AED 133 billion to 300 billion dirhams within 10 years coming.
Arab President and Dubai, Sheikh Mohammed bin Rashid Al Maktoum, Sheikh Mohammed bin Rashid Al Maktoum, said at his official account. Industry and advanced technology. The development of the industrial sector is to develop our economic stability, our global status and future of our generations.
The aim of the strategy was to support the establishment of 13,500 industrial companies in the coming years. The strategy includes an increase in research and development expenditure in the industrial sector from 21 billion dirhams to 57 billion dirhams over the coming years.
Sheikh Mohammed bin Rashid said: Today we also launched the industrial identification of the UAE from its media identity, with a view to supporting our national products and promoting its global marketing, and consolidating its industrial competitors.
For his part, Crown Prince of Abu Dhabi, Sheikh Mohammed bin Zayed Al Nahyan, told his official account on communication site Twitter. The UAE industry strategy sets a comprehensive national program for sustainable economic growth, and we have solid pillars for a stronger and more diverse.
Abu Dhabi Crown Prince added: our strong confidence in the efforts of our government and private institutions to promote culture of creativity and innovation in the developed and federal industries.
