Dubai sets up new entity to promote industries, exports.
Dubai Industries and Exports will develop the industrial sector and coordinate efforts to make Dubai a hub for industries of the future.
Dubai on Saturday announced another landmark initiative to diversify its economy by setting up a new entity to accelerate industrialization in the emirate to increase its share in the global export market.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai, said Dubai Industries and Exports will develop the industrial sector and coordinate efforts to make Dubai a hub for industries of the future.
The entity, formerly known as Dubai Exports, will accelerate diversification and global integration of local industry and promote industrial activities by producing value-added products. The immediate focus of the new agency will be on meeting the post-pandemic needs of industries and launching the next phase of Dubai Industrial Strategy 2030.
Sheikh Hamdan said that the industrial sector in the emirate has become a driving force for economic diversification, productivity and sustainable growth, and Dubai’s integration with global markets.
“The emirate’s efforts to create a world-leading infrastructure and investment-friendly environment have seen it emerging as a regional hub for diverse industries, especially light to medium industrial units involved in manufacturing and exporting mechanical equipment, chemicals, food, and beverages, machinery and metals,” he said.