The UAE is amping up investment in its industrial sector, helping upscale local industrial capabilities and promoting integration between government entities and stakeholders. Now, to create a comprehensive database for the industrial sector, the Ministry of Industry and Advanced Technology (MoIAT) has launched the Industrial Census project in collaboration with the Federal Competitiveness and Statistics Centre (FCSC) and the local statistics centers.
The project will create new investment opportunities for manufacturers, investors, and owners of industrial companies and help decision-makers track, assess, and enhance the industrial sector’s competitiveness.
H.E. Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Chairman of the Industry Development Council, said the project is in line with directives to develop the industrial sector in the UAE and boost its contribution to national GDP.
“To achieve the objectives of the national strategy for industry and advanced technology, MoIAT, in partnership with FCSC, local authorities, and free zones plays a pivotal role in creating an enabling legislative framework that supports the industrial sector and helps to attract local and foreign investments.”
Al Jaber added that the Industrial Census project is critical in developing a centralized national database for the industrial sector. “The project supports efforts to build a knowledge-based economy that promotes innovation, research and development (R&D), and future growth opportunities.”
It will also contribute to adopting circular economy principles, help integrate producers and manufacturers in the national economy ecosystem and promote the growth of local supply chains.
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