UAE cabinet approves policy for advanced industries

Wednesday, 25 December 2019 at 14:36

Authorities in the UAE are taking further steps to promote the industrial sector.

The federal cabinet has approved a new strategy which encourages businesses to develop futuristic industries and advanced technologies.

It also aims to improve coordination between various emirates and ensure flexibility in planning and policies.

Talent development, cost reduction and environmental sustainability are some of the other priority areas.

The industrial sector contributed 8.9 per cent to the local GDP in 2018. It also employs 9 per cent of the country’s total workforce as of 2017.

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His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has announced the approval of AED 2 billion Dubai Metro extension project to Al Maktoum International Airport, with operations set to begin in 2031.
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UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has highlighted the nation's "enduring unity, strength, and resolve" in addressing "recent challenges" during the Annual Government Meetings.
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UAE cabinet approves policy for advanced industries

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