Dubai Crown Prince and Chairman of The Executive Council of Dubai, Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, mentioned that the emirate's industrial sector has now become a primary driver for economic diversification, production efficiency, and stable growth, and Dubai's incorporation with global markets. His Highness mentioned that the emirate's attempts to develop world-class infrastructure and an investment-friendly environment have resulted in it evolving as a regional hub for diverse industries, particularly light to medium industrial units engaged in manufacturing and exporting mechanical components, chemicals, food and beverages, machinery, and metals.

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, introduced the Dubai Industrial Strategy 2030, which aspires to make Dubai a worldwide hub for knowledge-based, innovation-driven, and sustainable businesses. The strategy includes 67 projects that are projected to establish the groundwork for future industry in Dubai and add Dhs160 billion to the emirate's GDP by 2030.

Furthermore, a 10-year national industrial policy seeks to strengthen and develop the UAE's manufacturing industry, boosting its GDP contribution from Dhs133 billion to Dhs300 billion by 2031. The policy, dubbed ‘Operation 300 billion,' views the industrial sector as the driving engine of a healthy national economy.

Sheikh Hamdan stated that Dubai Industries & Exports, the Dubai Economy agency tasked with developing industrial and export activity in the emirate, will play a critical role in converting Dubai into a center for upcoming industries and luring domestic and foreign investment into the industrial sector, following the objective of the Dubai Industrial Strategy 2030 and ‘Operation 300 billion.'

His Highness said that the new mission is also in line with the emirate's objective to encourage domestic companies and boost non-oil trade by exploring possibilities in abroad markets to diversify exports. As seen during the epidemic, Dubai is dedicated to assisting companies in effectively navigating obstacles and crises by using its competing and interconnected environment. His Highness stated that Dubai Industries & Exports will be essential in assisting global investors and manufacturers in capitalizing on this potential in Dubai.

“We extend our appreciation towards the leadership because of its faith in Dubai Economy and our efforts to promote the industrial sector in the emirate,” said Sami Al Qamzi, Director General of Dubai Economy. Dubai Industries & Exports will continue supporting industrial activity and exports, and collaborate including all stakeholders to develop future-oriented regulatory measures to guide an innovative and competent industry.”

As per Al Qamzi, the ambitious industrialization expectations set for Dubai and the UAE represent extraordinary prospects for high-tech industries and small and medium-sized enterprises to develop and enhance competencies in emerging disciplines such as R&D, clean power, healthcare, biotech, and space. “The pandemic stage has persuaded global industry of Dubai's competitive edge in linking commerce and people, and in maintaining corporate activity.” Engineer Saed Al Awadi, CEO of Dubai Industries & Exports, added, "Our efforts to speed up industrialization and exports focus on supporting sector growth, industrial interconnectivity, and integration with several other sectors and business strategies, in addition to offering a more appealing and competitive environment for industrial investments." Dubai has indeed positioned itself as a vital worldwide center for manufacturing enterprises and industries.” The emirate's industrial sector has demonstrated exceptional consistency in recent years, with the average GDP output of the sector in the 2015-2019 period (at constant prices) being 9.3 %, as per findings from the Dubai Statistics Centre. Throughout this time, Dubai's industrial exports increased by an average of 7%. As per Dubai Customs, the overall value of the emirate's industrial exports in 2020 would be AED167 billion, an increase of 8% over the previous year, as per reports by Dubai Customs.