Abu Dhabi will provide 100 investment opportunities with a combined market size of Dh123.3 billion ($33.5 billion) by 2027 to support the growth of the industrial sector in the emirate.
The new opportunities will be provided as part of the Abu Dhabi Channel Partners initiative launched by the Abu Dhabi Department of Economic Development (Added) in May to attract more investment in the industrial sector.
On Monday, the department unveiled 33 new investment opportunities targeting chemical industries, with a market size of $6 billion, its chairman said.
“We believe the industrial sector plays a key role in driving our diversification strategy and achieving sustainable development goals,” Ahmed Al Zaabi said at the Adipec event on Monday.
“Our ambitious industrial strategy aims to double the size of the manufacturing sector, leading to a higher rate of job creation and a steep increase in non-oil exports.”
Abu Dhabi last year launched a new industrial strategy to boost the contribution of the sector to the overall economy.
As part of the strategy, the UAE capital is investing Dh10 billion in six industrial programmes to more than double the size of the emirate’s manufacturing sector to Dh172 billion by 2031, create more than 13,000 new jobs and increase the emirate’s non-oil exports to Dh178.8 billion.
“In just one year since its launch in June 2022, Abu Dhabi's industrial strategy has led the sector to achieve remarkable growth in different areas,” Mr Al Zaabi said.
“During these 12 months, the number of new industrial licences granted in Abu Dhabi increased by 16.6 per cent, while investments in factories moving into the production phase skyrocketed over 85 per cent. The number of active manufacturers in the emirate rose nearly 5 per cent to 960 factories."
In May, the department announced the first batch of incentives under the Abu Dhabi Channel Partners programme, which includes 20 investment opportunities in the food processing sector in Abu Dhabi with a combined market size of about Dh29.4 billion.
The manufacturing sector is playing a key role in Abu Dhabi's plan to diversify its economy away from oil.
Last year, the emirate's non-oil exports grew by 26 per cent and the average annual growth rate of non-oil exports between 2016 and 2022 was 6 per cent across all sectors.
“Supported by Abu Dhabi industrial strategy initiatives, we are targeting to increase non-oil exports to Dh178.8 billion by 2031,” Mr Al Zaabi added.
Abu Dhabi's non-oil gross domestic product grew by an annual 12.3 per cent to Dh154 billion in the second quarter of this year, the highest since 2014, as the emirate continues to diversify, official data released on Monday showed.
The emirate's total GDP for the three months to the end of June also grew by 3.5 per cent on an annual basis, underpinning the “competitiveness and resilience” of its economy, which has helped it to navigate global headwinds, the Statistics Centre Abu Dhabi said.
In a separate panel at Adipec, Omar Al Suwaidi, undersecretary of UAE's Ministry of Industry and Advanced Technology, said the Make it in the Emirates initiative was having a positive impact on the industrial sector.
"We are starting to see results [due to the strategy]," he said.
"In 2022, we saw how the contribution of industrial or manufacturing value add reached Dh180 billion, while our industrial exports reached Dh174 billion. We are putting together opportunities for local and international investors with Make it in the Emirates."
Mashal Al Kindi, acting chief executive of Ta’ziz, said the contribution of the chemicals sector to the UAE's GDP is expected to grow in the coming years amid new opportunities.
"Ta'ziz is contributing to the Make It in the Emirates strategy. Today, domestically, 22 per cent of the industrial sector in the UAE is chemicals and this is going to grow. We are anticipating to see a 75 per cent increase by 2030 in the contribution of the chemical sector to the GDP."
He said the company was building a number of chemical projects in Ruwais Industrial City, including for the production of low-carbon ammonia and methanol. It is also building a new port for chemicals.
Company name: Play:Date
Launched: March 2017 on UAE Mother’s Day
Founder: Shamim Kassibawi
Based: Dubai with operations in the UAE and US
Sector: Tech
Size: 20 employees
Stage of funding: Seed
Investors: Three founders (two silent co-founders) and one venture capital fund
Dunbar
Edward St Aubyn
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The biog
Siblings: five brothers and one sister
Education: Bachelors in Political Science at the University of Minnesota
Interests: Swimming, tennis and the gym
Favourite place: UAE
Favourite packet food on the trip: pasta primavera
What he did to pass the time during the trip: listen to audio books
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
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Transmission: 10-speed auto
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The biog
Fast facts on Neil Armstrong’s personal life:
- Armstrong was born on August 5, 1930, in Wapakoneta, Ohio
- He earned his private pilot’s license when he was 16 – he could fly before he could drive
- There was tragedy in his married life: Neil and Janet Armstrong’s daughter Karen died at the age of two in 1962 after suffering a brain tumour. She was the couple’s only daughter. Their two sons, Rick and Mark, consulted on the film
- After Armstrong departed Nasa, he bought a farm in the town of Lebanon, Ohio, in 1971 – its airstrip allowed him to tap back into his love of flying
- In 1994, Janet divorced Neil after 38 years of marriage. Two years earlier, Neil met Carol Knight, who became his second wife in 1994
SPAIN SQUAD
Goalkeepers Simon (Athletic Bilbao), De Gea (Manchester United), Sanchez (Brighton)
Defenders Gaya (Valencia), Alba (Barcelona), P Torres (Villarreal), Laporte (Manchester City), Garcia (Manchester City), D Llorente (Leeds), Azpilicueta (Chelsea)
Midfielders Busquets (Barcelona), Rodri (Manchester City), Pedri (Barcelona), Thiago (Liverpool), Koke (Atletico Madrid), Ruiz (Napoli), M Llorente (Atletico Madrid)
Forwards: Olmo (RB Leipzig), Oyarzabal (Real Sociedad), Morata (Juventus), Moreno (Villarreal), F Torres (Manchester City), Traore (Wolves), Sarabia (PSG)
The specs
Engine: Four electric motors, one at each wheel
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Tearful appearance
Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday.
Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow.
She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.
A spokesman said her upset demeanour was due to a personal matter.
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
Mohammed bin Zayed Majlis
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Global state-owned investor ranking by size
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Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
Three tips from La Perle's performers
1 The kind of water athletes drink is important. Gwilym Hooson, a 28-year-old British performer who is currently recovering from knee surgery, found that out when the company was still in Studio City, training for 12 hours a day. “The physio team was like: ‘Why is everyone getting cramps?’ And then they realised we had to add salt and sugar to the water,” he says.
2 A little chocolate is a good thing. “It’s emergency energy,” says Craig Paul Smith, La Perle’s head coach and former Cirque du Soleil performer, gesturing to an almost-empty open box of mini chocolate bars on his desk backstage.
3 Take chances, says Young, who has worked all over the world, including most recently at Dragone’s show in China. “Every time we go out of our comfort zone, we learn a lot about ourselves,” she says.
Asia Cup 2018 final
Who: India v Bangladesh
When: Friday, 3.30pm, Dubai International Stadium
Watch: Live on OSN Cricket HD
Awar Qalb
Director: Jamal Salem
Starring: Abdulla Zaid, Joma Ali, Neven Madi and Khadija Sleiman
Two stars
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
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