UAE Bolsters Industrial Sector's Role in Economy

---

Researched by Industrial Info Resources (Sugar Land, Texas)--The United Arab Emirates (UAE) launched Operation 300bn in 2021 to raise the industrial sector's contribution to its gross domestic prodcut (GDP) from AED133 billion (US$36.55 billion) to AED300 billion (US$81.68 billion) by 2031. More recently, the UAE has been encouraging companies to manufacture products locally to better develop the industrial sector, which includes the Metals & Minerals Industry.

Goals for Operation 300bn include "establishing an integrated R&D ecosystem" and "accelerating advanced technology adoption across the industrial value chain to upgrade systems and solutions, boost productivity and forge competitive advantages in new areas," according to the UAE.

Industrial Info is tracking 29 active capital-spending projects, totaling US$2.54 billion in value, in the UAE's Metals & Minerals Industry, more than half of which is attributed to the smelting sector. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here for a list of detailed project reports, and click here for a list of related plant profiles.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).