In an effort to generate an extra $44 billion, Dubai Industrial Strategy will oversee 75 initiative. This has been approved by the vice president (Sheikh Mohammed bin Rashid Al-Maktoum) and the Prime minister.
The strategy to be used is based on five objectives:
- Promoting energy-efficient manufacturing
- Increasing output
- Establishing a city hub
- Improving innovation
- Making Dubai a first choice in manufacturing platform for international firms
These strategies identified six sectors;
- Food and beverages
- Machinery and equipment
- Aluminium and fabricated metals
Dubai plans on taking one step towards the future and have laid a powerful foundation. This is just the framework in place to compete with globally, developed nations and talents.