Industry
From The Report: Abu Dhabi 2017
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Encompassing everything from petrochemicals to food processing and aerospace to automotive parts, Abu Dhabi’s industrial sector has branched out significantly in recent years. Guided by the Abu Dhabi Economic Vision 2030 and its 2016 update, the Abu Dhabi Plan, along with its own sector-specific development strategy, industry is now at a key turning point, as it begins to implement the next stage of its development. The year 2017 will see the public unveiling of a new 2016-20 plan for industry, which promises to increase the focus on private-sector development, furthering the integration of the major corporations of Abu Dhabi’s industrial world with the raft of micro-, small and medium- sized enterprises that form the backbone of manufacturing – and employment – in the emirate.

This chapter contains an interview with Saeed Ghumran Al Remeithi, CEO, Emirates Steel.

Articles from this Chapter

Overview

Onwards and upwards: After successfully broadening the industrial base, the emirate gets ready to take the diversification strategy to the next stage
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Encompassing everything from petrochemicals to food processing and aerospace to automotive parts, Abu Dhabi’s industrial sector has branched out significantly in recent years. Guided by the Abu Dhabi Economic Vision 2030 and the broader 2016 Abu Dhabi Plan, along with its own sector-specific development strategy, industry is now at a key turning point, as it begins to implement the next stage of its development. The year 2017 will see the public unveiling of a new 2016-20 plan for industry,…

Interview

A strategic alloy: Saeed Ghumran Al Remeithi, CEO, Emirates Steel, on the role of steel in industrial development plans
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Interview: Saeed Ghumran Al Remeithi How is the local steel market expanding its products and applications for various industries? SAEED GHUMRAN AL REMEITHI: Steel is an essential component in the development of all modern countries. It is used to build infrastructure, industrial facilities and real estate developments. Demand is largely driven by the construction sector, fixed-asset investments, manufacturing, and equipment and machinery production. The steel industry plays a crucial role in…

Analysis

Mettle test: Metals producers focus on integrating downstream, as headwinds put expansion plans on the backburner
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At present, some of the world’s largest steel and aluminium outfits are no longer based in Europe, North America or Asia, but in the UAE. This is the result of regional economic dynamism and careful long-term planning by the UAE’s leadership, with the government of Abu Dhabi playing an essential part in that strategic thinking. Indeed, the Abu Dhabi Economic Vision 2030, the emirate’s long-term economic strategy, sees capital-intensive and export-oriented industries, such as metals,…

Analysis

Chemical reaction: Rising demand for petrochemicals prompts further major investment and highlights the need to diversify feedstock
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When Abu Dhabi’s government looked at the future course of the economy’s development, preparatory to publishing the emirate’s long-term master plan, Abu Dhabi Economic Vision 2030, one area they were keen to see expand exponentially was petrochemicals. Now, some years later, much of that vision has already been realised, yet more is still to come. New announcements in 2016 promise to see a rapid expansion of petrochemical capacity. Meanwhile, planners are now looking to the next period,…

Analysis

Banding together: The development of industry-specific free zones continues to be a key strategic aim
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Many of Abu Dhabi’s light and heavy industrial businesses are located in its specialised economic zones (SEZs), which have proven popular because of the range of attractive benefits they offer. Although the benefits may vary from zone to zone, in general they include the possibility of 100% foreign ownership, something not currently possible elsewhere in the country; the UAE currently limits foreign entities to a 49% stake in most areas outside the zones, although this may change with the…