DED launches new initiative to boost manufacturing sector

Dubai - The Dubai Department of Economic Development (DED) will now rely on the Made in Dubai' slogan to boost manufacturing companies in Dubai. DED's focus would be on small and medium-sized companies that are Dubai-based and make products to boost the manufacturing sector.


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Published: Fri 15 Sep 2006, 10:19 AM

Last updated: Sat 4 Apr 2015, 4:21 PM

Talking to Khaleej Times, Khalid Al Kassim, Deputy Director General for Planning and Development, DED and Board Chairman of Dubai Export Development Corporation said, "Our focus would now be on small and medium enterprises (SMEs) that are Dubai-based and make products branded with 'Made in Dubai' to boost the manufacturing sector.''

DED's new strategy will focus on converting Dubai into a manufacturing hub from a re-exporting centre, he adds.

"We will soon streamline regulations to promote exports with an emphasis on making the Dubai a manufacturing hub. Despite Dubai having major export zones like the Jebel Ali, which has huge infrastructure facilities, we still need to tackle other soft issues such as regulations, incentives and marketing. However, we are yet to decide on our approach," Kassim said.

DED intensions are now clear: they want to focus more on the manufacturing sector and increase exports so they become a major contributor to the GDP. Earlier Dubai was more known as the re-exporting hub. In fact, Dubai was rated third largest re-exporter after Hong Kong and Singapore last year, according to Dubai Chamber of Commerce and Industry.

According to Dubai Department of Economic Development, in the first half of the 2006, Dubai's exports and re-exports exceeded Dh91 billion. Dubai exported goods worth nearly Dh51 billion and re-exported goods worth nearly Dh40 billion. "Dubai is presently placed 17th among the most competitive economies as per a report and likely to move up the scale over the years," adds Kassim.

Presently out of the 1,300 companies (excluding the free zones), 75 per cent of companies are SMEs in Dubai and about 300 new SMEs get registered here each year, said Faizal Al Elamair, Industrial Advisor of DED adding that SMEs were up 5-10 per cent over last year.

Dubai's major exports have been aluminum that amounts to 60 per cent of the manufacturing exports. Dubai's other non-oil exports include cable, textile, wood and furniture, machinery, building materials, fabrications, food products followed by hospitality and services.

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