In June 2016, Sheikh Mohammed launched Dubai Industrial Strategy 2030 to elevate Dubai into a global platform for knowledge-based, sustainable and innovation-focused businesses.
Dubai Industrial Strategy is based on five key objectives that will serve as the foundation for Dubai's industrial future. The Strategy aims to increase the total output and value-addition of the manufacturing sector, enhance the depth of knowledge and innovation, make Dubai a preferred manufacturing platform for global businesses, promote environmentally friendly and energy-efficient manufacturing and make Dubai a centre for the global Islamic products market.
The strategy has further identified six priority sub-sectors: Aerospace, Maritime, Aluminum and Fabricated Metals, Pharmaceuticals and Medical Equipment, Food and Beverages and Machinery and Equipment. These sub-sectors were chosen based on their importance to the Dubai Industrial Strategy and Dubai Plan 2021, as well as their future growth prospects, export potential and mid-term to long-term economic impact.
Dubai Industrial Strategy has identified 75 initiatives to transform Dubai into a global platform for industries based on knowledge, innovation and sustainability. The strategy is projected to help generate an additional Dh160bn by 2030.