Industry
From The Report: Dubai 2020
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Fuelled by public infrastructure investment and attractive incentives for foreign investors, Dubai’s industrial sector continues to be a major driver of the emirate’s economic growth. While industrial output has been historically built on low-tech but high-value-added segments such as base metals and chemicals production, the emirate is pursuing a diversification agenda under its Dubai Industrial Strategy 2030. This policy appears to be paying dividends, with 2019 seeing growth in priority areas including the food and beverage segment as well as emerging industries such as auto manufacturing. Furthermore, with the reform of foreign ownership laws and the reductions in fees for businesses operating in the emirate’s free zones in 2019, foreign direct investment inflows are expected to rise steadily over the coming years.

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Overview

Bold strategy: A drive towards local procurement is coupled with new incentives for foreign investors
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Fuelled by public infrastructure investment and attractive incentives for foreign investors, Dubai’s industrial sector – defined as manufacturing, electricity and gas – continues to be a major driver of the emirate’s economic growth. While industrial output has been historically built on low-tech but high-value-added segments such as base metals and chemicals production, the emirate is pursuing a diversification agenda under its Dubai Industrial Strategy 2030. This policy appears…

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Into high gear: Economies around the world are preparing for the opportunities and challenges brought about by the next industrial revolution
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The global economy is entering the Fourth Industrial Revolution (4IR), or Industry 4.0, based on the application of new digital and automated technologies in production processes and service delivery. These changes are bringing emerging markets improved productivity, as well as risks – namely, reshoring and the displacement of human labour by automation. Wealthier emerging markets, such as the Gulf states, which have the resources to invest in new technologies, and those with more established manufacturing sectors, such as countries in South-east Asia, appear best placed to reap the benefits of the 4IR. Many of these economies are creating…

Overview

Into high gear: Economies around the world are preparing for the opportunities and challenges brought about by the next industrial revolution
OBG
plus

The global economy is entering the Fourth Industrial Revolution (4IR), or Industry 4.0, based on the application of new digital and automated technologies in production processes and service delivery. These changes are bringing emerging markets improved productivity, as well as risks – namely, reshoring and the displacement of human labour by automation. Wealthier emerging markets, such as the Gulf states, which have the resources to invest in new technologies, and those with more established manufacturing sectors, such as countries in South-east Asia, appear best placed to reap the benefits of the 4IR. Many of these economies are creating…