Abu Dhabi Department of Economic Development (DED) hosted today a workshop for its partners embarked on preparing Abu Dhabi Industrial Strategy 2011-2015. The workshop aimed to define and review the Strategy’s outputs while discussing the next steps needed to implement initiatives and programmes set by the suggested strategy.
Inaugurating the workshop, HE Nasser Ahmed Al Suwaidi, Chairman of DED, stated that Abu Dhabi’s Economic Vision 2030 prioritizes the diversification of production base and achievement of a balanced growth as a key factors for the Emirate’s economy with a special focus on manufacturing as a main driver to transform the GDP, diversify economic activities all over the Emirate, increase non-oil exports, and attract more direct foreign investments.
“The industrial sector in Abu Dhabi has recently experienced many important projects fuelled by both the public and private sectors, covering vital aspects such as petrochemicals, plastics, metals, construction materials, and food, all of which have played an integral role in formulating the industrial scene in Abu Dhabi”, HE said.
“Abu Dhabi’s Government is keen to support endevours and initiatives undertaken by government and semi-government entities such as ADNOC, General Holding Company, and Mubadala, that aimed to fuel the industrial activities in the Emirate”, HE explained.
Stressing the Government’s aspiration to move into a new era of industrial development, HE said, “Abu Dhabi is committed to building on previous successes to raise the bar of this sector to compete regionally and internationally, with focus on technology and knowledge-driven export activities, thereby allowing better investment aspects and employment opportunities for the UAE’s Nationals.”
The preparation of Abu Dhabi’s Industrial Strategy 2011-2015 was in line with the directives of the Executive Council that entitled the DED to work closely with key partners from the manufacturing sector from all over the Emirate to come up with a comprehensive and integrated industrial strategy that could achieve connection and synergy between their plans while optimizing business environment and projects’ support mechanism so as to transcend the role of the industry sector in Abu Dhabi’s economic activities.
The preparation phase of the Strategy has seen the participation of world renowned consultants and experts, including leading academics in research related to industry clusters, small and medium enterprises (SME), and innovations.
The Strategy was developed through three phases: historical review of the industrial sector in Abu Dhabi, preparation of the Strategy, and thirdly the assessment of the economic and environmental impacts and defining investment promotion opportunities.
The implementation of these three phases took seven months and was supervised by a specially set up higher committee that included representatives from Abu Dhabi Chamber of Commerce and Industry (ADCCI), Industrialist Union Society, the Industrial Committee at ADCCI, Abu Dhabi Council for Economic Development, ADNOC, Environment Agency, Abu Dhabi Port Company, Khalifa Fund, Executive Affairs Authority, Higher Corporation of Specialized Industrial Zones, as well as DED.
Speaking to audience at the workshop, HE Al Suwaidi explained that the Higher Committee for Abu Dhabi’s Industrial Strategy was committed to achieving the objectives of this highly important initiative by cooperation and consultation, offering key players from the public and private sector a real opportunity to first- hand participate in directing the Strategy’s preparation efforts.
“While we gather today to review the result of the Strategy’s project and suggested guidelines, we hope that we have come up with results pleasant to the majority of our partners who exerted tremendous efforts in preparing this Strategy”, HE concluded.
During DED-hosted workshop, a number of CEOs and executive directors of more than 26 representatives from government, semi-government entities and private sector have attended the Industrial Strategy project where they discussed methods and suggestions on how to better implement it.