The UAE plans to increase the contribution of the industrial sector to the country’s economy in the next 10 years. Bloomberg
The UAE plans to increase the contribution of the industrial sector to the country’s economy in the next 10 years. Bloomberg
The UAE plans to increase the contribution of the industrial sector to the country’s economy in the next 10 years. Bloomberg
The UAE plans to increase the contribution of the industrial sector to the country’s economy in the next 10 years. Bloomberg

Sheikh Mansour chairs council meeting on initiatives to support economic ecosystem


Alkesh Sharma
  • English
  • Arabic

The UAE’s Ministerial Development Council on Wednesday held a meeting to discuss initiatives and legislations that aim to support the economic and governmental work ecosystem, and strengthen its continuous development to meet future requirements.

The council discussed issues in the Emirates' industrial sector, cyber resilience and digital transformation, state news agency Wam reported.

The meeting was chaired by Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of Presidential Affairs, at Qaṣr Al Waṭan in Abu Dhabi.

It discussed the challenges facing the industrial sector and the prospects to develop industries and enhance their contribution to the national economy.

The UAE, the Arab world’s second-largest economy, plans to increase the contribution of the industrial sector to the country’s economy in the next 10 years to create jobs and attract international investment.

Last year, the country announced Operation 300bn, which aims to more than double the contribution of the industrial sector to the country’s economic output to Dh300 billion ($81.68bn) by 2031, from Dh133bn in March 2021.

Foreign direct investment is a main part of the strategy, along with dedicated financing and a programme to direct spending towards local products and suppliers. Overall, Operation 300bn aims to support 13,500 small and medium enterprises in the next decade.

During the meeting, the council also discussed the amendment of federal legislation regulating the transfer and transplantation of human organs and tissues in line with global practices, Wam reported. It also deliberated upon the regulations regarding domestic workers and revising provisions related to the legislation of the General Pension and Social Security Authority.

The council reviewed the outcomes of the implementation of the UAE's national cybersecurity standards in government organisations. It also discussed the mechanisms to accelerate the pace of digital transformation in government entities.

Cybersecurity has increasingly become an imperative of governments and companies as digitisation gathers pace as a result of the Covid-19 pandemic.

The UAE has taken steps to strengthen its cybersecurity framework, particularly within government entities. The country formed a council in 2020 to develop a comprehensive cybersecurity strategy and help create a safe and strong cyber infrastructure in the UAE.

The council also reviewed standards for governing exchange and investment in projects, assets and digital infrastructure, Wam said.

How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
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Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
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Some 400,000 shrubs and 13,000 trees in the on-site nursery

An additional 450,000 shrubs and 4,000 trees to be delivered in the months leading up to the expo

Ghaf, date palm, acacia arabica, acacia tortilis, vitex or sage, techoma and the salvadora are just some heat tolerant native plants in the nursery

Approximately 340 species of shrubs and trees selected for diverse landscape

The nursery team works exclusively with organic fertilisers and pesticides

All shrubs and trees supplied by Dubai Municipality

Most sourced from farms, nurseries across the country

Plants and trees are re-potted when they arrive at nursery to give them room to grow

Some mature trees are in open areas or planted within the expo site

Green waste is recycled as compost

Treated sewage effluent supplied by Dubai Municipality is used to meet the majority of the nursery’s irrigation needs

Construction workforce peaked at 40,000 workers

About 65,000 people have signed up to volunteer

Main themes of expo is  ‘Connecting Minds, Creating the Future’ and three subthemes of opportunity, mobility and sustainability.

Expo 2020 Dubai to open in October 2020 and run for six months

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Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Innotech Profile

Date started: 2013

Founder/CEO: Othman Al Mandhari

Based: Muscat, Oman

Sector: Additive manufacturing, 3D printing technologies

Size: 15 full-time employees

Stage: Seed stage and seeking Series A round of financing 

Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now. 

US Industrial Market figures, Q1 2017

Vacancy Rate 5.4%

Markets With Positive Absorption 85.7 per cent

New Supply 55 million sq ft

New Supply to Inventory 0.4 per cent

Under Construction 198.2 million sq ft

(Source: Colliers)

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

Updated: June 01, 2022, 5:17 PM