Page 59 - ECI PR REPORT - DECEMBER 2024

UAE Industrial Sector: Cornerstone

Of Sustainable Economic Growth

ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 28th Dec,
2024) The UAE's industry and advanced technology sector continues

to achieve exceptional qualitative leaps, supported by a robust,

sustainable infrastructure, flexible legislation, and a high-quality

system of standards and technical regulations that enhance the

competitiveness of Emirati products.
The sector has strengthened its role in sustainable economic

development, enhanced its competitiveness, and contributed to the

country's GDP under the National Strategy for Industry and

Advanced Technology "Operation 300bn."

In statements to the Emirates news Agency (WAM), Omar Al Suwaidi,

Under-Secretary of the Ministry of Industry and
Advanced Technology, said that the Industrial sector's contribution to

GDP rose to 11 percent, reaching AED205 billion by end of 2023.

He noted that this progress has enhanced the sector's role in the

country's economic diversification and support for sustainable

development. This is confirmed by global competitiveness reports,

which show the UAE's ranking rising from 35th place in 2019 to 27th

https://www.urdupoint.com/en/middle-east/uae-industrial-sector-cornerstone-of-sustain-
1900512.html