UAE Manufacturing hub
United Arab Manufacturing Hub – AN OVERVIEW
UAE manufacturing is the 2nd strongest economic
growth driver among non-oil sectors. In terms of its GDP
contribution, it raked in 12.9% share in 2007 and 12.2% in 2008, at
both times placing 2nd only to the hydrocarbon sector.
This consistent performance reflects the government’s heavy
investing in the manufacturing sector. Realizing how crucial the
manufacturing sector’s role in diversifying the economy the
government took many innovative policy initiatives which supported
the growth of free zones. As the economy grows, the demand for
finished products and materials increases. By the third quarter of
2008, an official report placed the total cumulative industrial
capital value of all non-oil and gas industrial projects in the UAE
to be exceeding US$ 20 billion, accounting for about 290,000 jobs.
This new wave of manufacturers are catering for the 'new economy'
providing machinery and tools for industries related to
construction, shipbuilding, infrastructure, power generation and
even retail.
The manufacturing industries sector has the highest added value
among the various sectors. This sector, which is targeted by the
government, is used as a means to achieve sustainable growth, either
backwards towards raw materials, or forward towards medium and final
products. Across the country, various emirates are pushing
initiative to develop industrial centres to cope up both with the
demand and the vision of being the world’s most dynamic
manufacturing hub.
Abu Dhabi has been successful with its Industrial City of Abu Dhabi
operations. The first Industrial City of Abu Dhabi (ICAD 1) includes
economic zones for base metals, building and construction products,
electronics, plastics manufacturing and automotive industries and
has already attracted US$2.99 billion in investment. ICAD 2 has
already attracted nearly US$1.63 billion with new projects including
air conditioning water chillers, architectural hardware and aluminum
windows and doors manufacturing. ICAD 3, 12 sq km in size, is
scheduled to be completed in October at a cost Dh1.2bn. The ICAD
zones have been built in a public-private partnership model that
includes the cost of roads and sewerage and irrigation systems.
Separately, water and electricity is handled by the Abu Dhabi Water
and Electricity Authority. ICAD 4, which will be 24 sq km and cost
Dh4bn to build not including electricity and potable water systems
is in the master planning stage. ICAD 5 will be smaller, at 11 sq km
and costing Dh1.5bn. Halcrow has been appointed as the master
planner.
A Dh8 billion (USUS$2.17bn) industrial zone in the Abu Dhabi desert
for construction and building materials firms is one of a host of
projects the Government is planning to industrialise the emirate.
The 34-square-kilometre Al Fayah Industrial Zone, being constructed
by the Higher Corporation for Specialised Economic Zones (ZonesCorp),
reflects the Government's latest efforts to create industrial
clusters to boost economic growth and diversify away from oil
revenues. The location, 75km east of the capital, is also a sign of
efforts to relocate industries away from residential areas and
relieve congestion.
In Dubai, pulling its weight alongside the burgeouning number of
free zones that support manufacturing in Dubai is the Dubai
Industrial City. DIC is targeting US$2 billion in investment over
the next five years. So far DIC has invested US$177 million and will
build more than 500 factories for light and medium industries by
2015."
Ras Al Khaimah Free Trade Zone (RAK FTZ) continues to prove its
leading edge in innovation and technology as it tops the list of fDi
Magazine's best free zones list in the Middle East. With its
state-of-the art facilities, friendly service, competitive rates and
continuing development, RAK FTZ earned the 17th position of fDi
magazine's Top 100 Special Economic Free Zone of the Future
2008/2009 over stiff competition.
Most significant in the last year was the rapid progress of the
manufacturing sector in the emirate of Sharjah. Sharjah Economic
Development Department reported that its industrial GDP amounts to
48 percent of the UAE’s total industrial GDP.
For
Further Enquiries Click Here
| Startup Package | |||||||||||||
| Offshore incorporation | Startup Packages | ||||||||||||
UAE offshore incorporation helps you to run your business or to have asset
ownership in the Middle East in the most profitable manner. |
|
||||||||||||
| Company Formation in the UAE | |||||||||||||
|
|
||||||||||||
 |
|
Packages with virtual office ,import export license
,consultancy or services iicense with UAE bank account &
visa eligibility.
Form your offshore company online - Say No to Tax.
Package include UAE company & UAE bank account..