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Dubai has long been a center of activity and progress in the Middle East. It has unveiled its 2030 Industrial Strategy intending to become a global leader in various industries, including manufacturing, logistics, and transportation. The plan aims to make Dubai's economy more stable and diversified by developing a knowledge-based economy. Business setup services Dubai can benefit significantly from this strategy.
Dubai's 2030 Industrial Strategy
Many industries were identified as essential to Dubai's economic development and expansion in the 2030 Industrial Strategy. The aerospace and maritime industries, the pharmaceutical and medical equipment sector, the food and beverage sector, the machinery and equipment sector, the aluminum and fabricated metals sector, the chemicals sector, and the transportation equipment sector. The plan aims to make these industries more competitive by stimulating innovation, fostering entrepreneurship, and luring in foreign investment.
Primary Objective
The strategy's primary objective is to raise the industrial sector's share of Dubai's GDP. To do so, the strategy proposes many actions, such as creating a designated business setup free zone in Dubai, a free zone for the manufacturing sector, expanding the capabilities of current manufacturers, and encouraging the growth of micro, small, and medium-sized businesses.
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Primary Focus
. Aerospace Industry
Dubai's Industrial Strategy 2030 prioritizes the aerospace industry as a significant sector. A world-class aerospace sector dedicated to designing, producing, and maintaining aircraft and their associated components will be established in Dubai. The plan's objective is to lure aerospace firms worldwide to Dubai by providing attractive incentives and fostering a positive business climate.
. Maritime Industry
The Dubai Industrial Strategy 2030 also prioritizes the maritime industry. The plan's ultimate objective is to make Dubai a worldwide focal point for shipping, logistics, and service provision. The strategy lays out many steps to realize this goal, such as increasing the capacity of Dubai's ports and improving the effectiveness of the city's shipping and logistics offerings.
. Medical Industry
Expanding the pharmaceutical and medical equipment industries is a key priority for Dubai's Industrial Strategy 2030. The plan aims to make Dubai a regional headquarters hub for multinational pharmaceutical corporations and a hub for healthcare R&D.
Final Word
The Dubai Industrial Strategy 2030 is an extensive program to make Dubai's economy more resilient and diversified. Dubai aspires to elevate the industrial sector's contribution to GDP. Contact Capatt Services to employ Corporate Services in UAE and learn how to benefit from the industrial strategy.
