Operation 300bn aims to develop the UAE’s industrial sector and enhance its role in stimulating the national economy. It aims to raise the industrial sector’s contribution to the GDP from AED 133 billion to AED 300 billion by 2031. The strategy is aligned with national goals and international commitments relating to advancing sustainable economic growth, deploying clean energy solutions, driving industrial innovation and promoting responsible consumption and production.
The strategy of the Ministry of Industry and Advanced Technology (MoIAT) also known as Operation 300bn, is the largest and most comprehensive plan for developing the UAE’s industrial sector and enhancing its role in stimulating the national economy. The strategy was named Operation 300bn because of its ultimate goal of raising the industrial sector’s contribution to the GDP from AED 133 billion to AED 300 billion by 2031.
The strategy stems from an integrated vision of the ministry to:
The ministry seeks to increase the efficiency and sustainability of the production cycles and supply chains by driving research and development (R&D), establishing a comprehensive system of specifications and standards to create an integrated quality infrastructure for the industrial sector, as well as implementing sustainable industrial policies that reduce resource consumption, and support climate action and carbon neutrality efforts.
The strategy is built on the following 6 objectives:
The strategy is built on the following 17 initiatives:
The ministry focuses on the following 11 vital industrial sectors:
Creating a conducive environment for developing industries of the future
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Read about the UAE’s Unified Industrial Identity – Make it in the Emirates.For latest updates on the UAE industrial sector, visit the website of Ministry of Industry and Advanced Technology.
Emirates Development Bank (EDB) is a key enabler of Operation 300bn. Under the strategy, the bank allocated a portfolio of AED 30 billion to support priority industrial sectors over a period of five years. The bank will contribute to financing 13,500 SMEs and creating 25,000 jobs in the following sectors:
Contact Emirates Development Bank (EDB) for more information.
The objectives of Operation 300bn align with the UAE’s commitments to global climate action as well as the Sustainable Development Goals 2030. Objectives include safeguarding public health, advancing sustainable economic growth, deploying clean energy solutions, driving industrial innovation and promoting responsible consumption and production.
To achieve these priorities, the UAE Cabinet adopted the Circular Economy Policy 2021-2031, a comprehensive framework that guides the country’s efforts to ensure sustainable and efficient use of resources with the aim of preserving them for future generations. MoIAT’s key initiatives within Operation 300bn support these objectives by encouraging the development and adoption of Fourth Industrial Revolution (4IR) applications and advanced technologies to generate significant economic returns, reduce the environmental footprint of the industrial sector and boost its competitiveness.