Dubai Industries & Exports will lead efforts to attract more domestic and foreign investment into Dubai's industrial sector. Pawan Singh / The National.
Dubai Industries & Exports will lead efforts to attract more domestic and foreign investment into Dubai's industrial sector. Pawan Singh / The National.
Dubai Industries & Exports will lead efforts to attract more domestic and foreign investment into Dubai's industrial sector. Pawan Singh / The National.
Dubai Industries & Exports will lead efforts to attract more domestic and foreign investment into Dubai's industrial sector. Pawan Singh / The National.

Dubai Industries & Exports given mandate to create hub for industries of the future


Deena Kamel
  • English
  • Arabic

Dubai Industries & Exports has been given the mandate to develop the emirate's industrial sector and consolidate efforts to make it a centre for industries of the future, according to the government.

The agency will also lead efforts to attract more domestic and foreign investment into Dubai's industrial sector, said Sheikh Hamdan bin Mohammed, Crown Prince of Dubai and chairman of the emirate's Executive Council.

"Dubai Industries & Exports will continue to facilitate industrial activity and exports and work collaboratively with all stakeholders to create a future-oriented regulatory framework for promoting an innovative and capable industry," said Sami Al Qamzi, director general of Dubai Economy.

The move is in line with the Dubai Industrial Strategy 2030 that aims to make the emirate a global centre for knowledge-based, innovation-driven and sustainable industries.

The strategy includes 67 initiatives to lay the foundation for future industry in Dubai and add Dh160 billion to the emirate’s gross domestic product through to 2030.

The step is also part of UAE's 10-year national industrial strategy to expand the industrial sector and increase its GDP contribution from Dh133bn to Dh300bn by 2031.

Dubai Industries & Exports' scope has now been expanded amid the country's increasing focus on industrialisation and the need to co-ordinate with various authorities on policies, initiatives and services for industrial development and export promotion.

The agency's immediate focus will be on meeting the post-pandemic needs of industries and launching the next phase of Dubai Industrial Strategy 2030, it said.

The agency will also hasten the diversification and global integration of local industry and promote industrial activities with high-added value.

The UAE's ambitious industrialisation targets mean opportunities for high-tech industries and small and medium enterprises to develop competencies in emerging disciplines such as research and development, clean energy, health care, biotech and space, said Mr Al Qamzi.

if you go

The flights

Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes. 

The hotels

Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes. 

When to visit

March-May and September-November

Visas

Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.

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While you're here
The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Two-step truce

The UN-brokered ceasefire deal for Hodeidah will be implemented in two stages, with the first to be completed before the New Year begins, according to the Arab Coalition supporting the Yemeni government.

By midnight on December 31, the Houthi rebels will have to withdraw from the ports of Hodeidah, Ras Issa and Al Saqef, coalition officials told The National. 

The second stage will be the complete withdrawal of all pro-government forces and rebels from Hodeidah city, to be completed by midnight on January 7.

The process is to be overseen by a Redeployment Co-ordination Committee (RCC) comprising UN monitors and representatives of the government and the rebels.

The agreement also calls the deployment of UN-supervised neutral forces in the city and the establishment of humanitarian corridors to ensure distribution of aid across the country.

Sanju

Produced: Vidhu Vinod Chopra, Rajkumar Hirani

Director: Rajkumar Hirani

Cast: Ranbir Kapoor, Vicky Kaushal, Paresh Rawal, Anushka Sharma, Manish’s Koirala, Dia Mirza, Sonam Kapoor, Jim Sarbh, Boman Irani

Rating: 3.5 stars

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US tops drug cost charts

The study of 13 essential drugs showed costs in the United States were about 300 per cent higher than the global average, followed by Germany at 126 per cent and 122 per cent in the UAE.

Thailand, Kenya and Malaysia were rated as nations with the lowest costs, about 90 per cent cheaper.

In the case of insulin, diabetic patients in the US paid five and a half times the global average, while in the UAE the costs are about 50 per cent higher than the median price of branded and generic drugs.

Some of the costliest drugs worldwide include Lipitor for high cholesterol. 

The study’s price index placed the US at an exorbitant 2,170 per cent higher for Lipitor than the average global price and the UAE at the eighth spot globally with costs 252 per cent higher.

High blood pressure medication Zestril was also more than 2,680 per cent higher in the US and the UAE price was 187 per cent higher than the global price.