The UAE recognises industrialisation as the key to economic development. According to The Annual Economic Report 2015 produced by Ministry of Economy, the manufacturing sector was the third highest sector by percentage of employees hired during the year 2013. The sector hired 11.6 per cent of all employees that year. Employees in that sector earned 9.9 per cent of all the wages earned during the year 2013 making it the fifth highest sector by percentage of wages earned by the UAE’s workforce.
The UAE is not only encouraging traditional manufacturing but also technology-supported 3D printing. In April 2016, H. H. Sheikh Mohammed launched the Dubai 3D Printing Strategy. This initiative aims to exploit technology for the service of humanity and promote the status of the UAE and Dubai as a leading hub of 3D printing technology by the year 2030. Dubai's key goal is to ensure that 25 per cent of buildings in Dubai are based on 3D printing technology by 2030.
Read more about industrialisation under economy.
The UAE has developed several strategies to promote its overall economic and social position and diversify its national income based on a sustainable and knowledge-based economy. Read about it under strategies and plans.
Industry and innovation
In the area of spreading entrepreneurship and innovation outside the UAE, Mohammed bin Rashid Al Maktoum Global Initiatives and its affiliated bodies aim to train officials and leaders from 155 governmental organisations from various countries around the world, in order to develop the governmental mindset and raise the level of public services. In addition, it has also invested 1 billion AED to create an integrated environment to serve creative innovators locally, regionally and globally through the Museum of the Future.
Infrastructure
In the area of building infrastructure outside the UAE, the UAEInteract website reports that the UAE donated 494.7 million AED in 2014, for planned infrastructure rehabilitation projects in Yemen.
The UAE has always provided support to Palestine and Gaza Strip by rebuilding or financing the rebuilding of their infrastructure.
Similarly, the UAE helped rebuild Egypt. According to the UAEInteract website, the total value of the UAE's humanitarian and development aid to Egypt between 1971 and 2014 amounted to 47.3 billion AED.
The UAE has also generously built/financed infrastructure in Pakistan and Afghanistan. After the floods ruined regions of Pakistan in 2010, the UAE undertook development and humanitarian programmes costing 320 million USD. The UAE's Red Crescent Society is also very active in Pakistan.
Read more about the sustainable development goal 'Industry innovation and infrastructure'.
30 Dec 2024
