U.S.-U.A.E. Business Council President Danny Sebright, highlighted the U.S.-U.A.E. Business Council’s new report, titled “Making the Future: The U.A.E.’s Growing Manufacturing Sector”. The new report highlights the latest developments in the U.A.E.’s manufacturing sector. Eng. Jamal Salem Al Dhaheri, CEO of SENAAT, and Badr Al-Olama, the Head of the Aerospace Business Unit at Mubadala Investment Company, provided keynote remarks.
Al Dhaheri, commented, “SENAAT is a key contributor to Abu Dhabi Economic Vision 2030, strategically developing the Emirate into a global industrial player. As a fast-growing industrial champion with a track record in forging successful partnerships, we are currently managing AED 27.5 billion of industrial assets in metals, F&B, O&G services, and the construction and building materials sector. In line with Abu Dhabi Economic Vision 2030 & the Abu Dhabi Industrial Development Strategy, we continue to explore multiple investment plans and strategic projects and we look forward to strengthening ties with the international investment community in this journey.”
Badr Al-Olama, who also leads the organizing committee for the Global Industrialization and Manufacturing Summit (GMIS), then shared his thoughts on the future of U.A.E. manufacturing. “The U.A.E. is a story of transformation,” Mr. Al-Olama said. “With strong leadership and a continued focus on long-term goals, our advanced manufacturing sector is set to share a quarter of the national GDP in the very near future. Growth in manufacturing is encouraging greater investment in developing specialist skills and promoting wider societal sustainability initiatives across the country.”
Al-Olama discussing the role played by Mubadala in this industrial transformation and on wider U.A.E. society, added, “At Mubadala, we believe that manufacturing, ultimately, has a transformative impact on society— by creating an agile economy that offers high-value employment opportunities that are more resilient to market dynamics.”
The report says that UAE has 260 plastics manufacturing plant out of which 100 are situated in Dubai. The plastics industry continues to grow in the region.