Abu Dhabi Industrial Strategy results in surge in new licences

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The launch of the Abu Dhabi Industrial Strategy (ADIS) has accelerated the transformation of the emirate’s manufacturing sector inside a yr.

Increased exercise has been registered throughout all three phases of Abu Dhabi’s producer licensing journey: Rowad (preliminary licence to determine an industrial agency), building (to start developing an industrial facility) and manufacturing (to begin operations).

The 12-month interval from July 2022 to June 2023 recorded a 16.6 per cent enhance within the variety of new industrial Rowad licences granted in Abu Dhabi (from 204 to 238).

As many as 116 new Rowad licences had been issued throughout H1 2023 alone, which is a rise of 63.3 per cent in comparison with H1 2022.

AED 15.36 billion in capital investments made by manufacturing services moved to the in-production part over the yr – a progress of 85.7 per cent from a yr earlier.

As a outcome, complete capital investments by producers working within the emirate grew AED 12.42 billion to AED 384.06 billion in the identical interval, up from AED 371.64 billion a yr in the past.

The variety of operational producers within the emirate now stands at 966, up from 922 on the finish of H1 2022.

“Our manufacturing sector, which contributed 16.4 per cent to Abu Dhabi’s non-oil GDP in 2022 and represents 49.9 per cent of the total industrial sector in the UAE, is moving from strength to strength, powered by successful implementation of the industrial strategy’s transformational programmes to enhance the sector’s competitiveness by increasing access to financing, enhancing ease of doing business, and attracting domestic and foreign direct investments,” stated Ahmed Jasim Al Zaabi, Chairman of Abu Dhabi Department of Economic Development (ADDED).

The Abu Dhabi Industrial Strategy, led by ADDED, goals to strengthen the emirate’s place because the area’s premier industrial hub by doubling the dimensions of the commercial sector to AED 172 billion, creating 13,600 new expert jobs, and growing the emirate’s non-oil exports to AED 178.8 billion by 2031.

The technique entails an funding of AED 10 billion throughout six transformational programmes: Talent Development, Industry 4.0, Circular Economy, Ecosystem Enablement, Homegrown Supply Chain and Value Chain Development.

In its first yr, the Abu Dhabi Industrial Strategy has led to a 16.6% enhance in new Industrial licences (Rowad) issued within the emirate, highlighting Abu Dhabi’s accelerating charge of industrialisation. #MadeInAbuDhabi pic.twitter.com/wVU7zqxQ0g

— مكتب أبوظبي الإعلامي (@ADMediaOffice) August 15, 2023

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— مكتب أبوظبي الإعلامي (@ADMediaOffice) August 15, 2023