Abu Dhabi Manufacturing Investment Hits $105 Billion

16 August 2023

Abu Dhabi Manufacturing Investment Hits $105 Billion

 

Abu Dhabi is rapidly becoming a powerhouse in the industrial and manufacturing sectors, witnessing a substantial surge in activity.

The emirate’s strategic focus on industrial development has led to remarkable growth in both the volume and value of manufacturing enterprises.

Over the past year, there has been a notable increase in applications for manufacturing licenses in Abu Dhabi, with established companies making substantial investments in the sector.

Abu Dhabi’s Industrial Strategy

Introduced by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, in June 2022, the Abu Dhabi Industrial Strategy (ADIS) has proven highly effective in transforming the emirate’s manufacturing landscape.

Abu Dhabi’s manufacturer licensing journey, including Rowad (initial license), Construction (industrial facility construction), and Production (operations commencement), has seen significant activity:

In the 12-month period from July 2022 to June 2023, the number of new industrial Rowad licenses granted in Abu Dhabi increased by 16.6%, from 204 to 238.

During H1 2023, 116 new Rowad industrial licenses were issued, reflecting a remarkable growth of 63.3% compared to H1 2022.

Capital investments totaling AED15.36 billion ($4.2 billion) transitioned to the in-production phase, marking an 85.7% increase from the previous year.

Consequently, the total capital investments by manufacturers in the emirate reached AED384.06 billion ($105 billion), showcasing significant growth from AED371.64 billion ($101.1 billion) a year ago.

The number of operational manufacturers in Abu Dhabi now stands at 966, highlighting substantial expansion compared to the end of H1 2022.

Ahmed Jasim Al Zaabi, Chairman of ADDED, stated, “The robust performance of the manufacturing sector is testament to Abu Dhabi’s ongoing economic resilience.”

Guildhall’s Executive Search and Recruitment Services

Unlock the potential of Abu Dhabi’s burgeoning manufacturing sector with Guildhall’s unparalleled executive search and recruitment services. Our expert team is dedicated to identifying and placing the finest talent to drive your business forward. Reach out to us today to discover the ideal professionals for your organization’s success.

 

 

16 August 2023

Abu Dhabi Manufacturing Investment Hits $105 Billion

Abu Dhabi real estate

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Posts