UAE cabinet approves policy for advanced industries

Wednesday, 25 December 2019 14:36

Authorities in the UAE are taking further steps to promote the industrial sector.

The federal cabinet has approved a new strategy which encourages businesses to develop futuristic industries and advanced technologies.

It also aims to improve coordination between various emirates and ensure flexibility in planning and policies.

Talent development, cost reduction and environmental sustainability are some of the other priority areas.

The industrial sector contributed 8.9 per cent to the local GDP in 2018. It also employs 9 per cent of the country’s total workforce as of 2017.

More from UAE News

UAE launches annual award to honour changemakers

The UAE Year Of Award has been launched to honour individuals and institutions who create meaningful impact and strengthen a culture of community action to make each annual "UAE Year Of" theme into a lasting national legacy.
UAE welcomes Gaza agreement for Hamas disarmament

The UAE has welcomed an agreement announced by US President Donald Trump for Hamas to disarm and Israeli troops to withdraw in Gaza, calling it a significant milestone towards ending the conflict.
Sheikh Abdullah meets UK Foreign Secretary in London

Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, has discussed ways to strengthen bilateral ties and boost cooperation across key sectors during talks with UK Foreign Secretary in London.
H.H. Sheikh Hamdan attends GCC joint military drill in Bahrain

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai's Crown Prince, Deputy Prime Minister and Minister of Defence, has attended a GCC joint military exercise at the start of his official visit in Bahrain.