Date: 27/03/2021
The economic sector in the UAE is distinguished by the diversity of its driving forces, foreseeing the future and the reliance on the cutting-edge technology in all fields, Salem Al Suwaidi, Director General of the Ajman Chamber of Commerce and Industry said. And the industrial sector is a major pillar for the economy’s growth and development, thus the leadership pays great attention to it so as to increase its contribution to the GDP, he added. The launch of the Industrial Strategy "Operation 300bn" by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, represents beginning of a new era for the development and leadership of the industrial sector in the country. The strategy aims at diversifying the sector’s ingredients and ensuring its sustainability, in addition to preparing for the next fifty years in light of the integrated infrastructure and stimulating policies. The strategy further aims at empowering and expanding the industrial sector to become the driving force of a sustainable national economy, and increasing its contribution to the GDP by Dhs300 billion by 2031, Al Suwaidi added. He also stressed the Ajman Chamber’s commitment to keep pace with the agenda of the UAE in general and the Emirate of Ajman in particular, thus it seeks within its strategic plan to develop and sustain the industrial sector, which is one of the main pillars of the emirate’s economy. He pointed out that the number of factories operating in the emirate reached more than 1,000, while the manufacturing industries’ contribution to the emirate’s GDP reached 32.4 per cent in 2019. Al Suwaidi also explained that the Ajman Chamber strengthens its role in the sustainability and growth of the industrial sector through the direct communication with its members from the factories to unify efforts and discuss participation in specialized exhibitions and events locally and internationally. Moreover, the government entities concerned with economic affairs strive to promote innovation in industry and to rely on artificial intelligence and modern technology in line with the guidance of the prudent leadership.