The global economy is entering the Fourth Industrial Revolution (4IR), or Industry 4.0, based on the application of new digital and automated technologies in production processes and service delivery. These changes are bringing emerging markets improved productivity, as well as risks – namely, reshoring and the displacement of human labour by...
Fuelled by public infrastructure investment and attractive incentives for foreign investors, Dubai’s industrial sector – defined as manufacturing, electricity and gas – continues to be a major driver of the emirate’s economic growth. While industrial output has been historically built on low-tech but high-value-added segments such as base...
From 2007 to 2017 the UAE’s industrial sector (defined as extraction, manufacturing, utilities and construction) grew by approximately 31%. According to consultancy Oxford Economics, it is set to grow marginally faster — by another 34% — in the 10 years leading to 2027. At the emirate level, Dubai’s industrial sector has likewise emerged as a...
The global economy is entering the Fourth Industrial Revolution (4IR), or Industry 4.0, based on the application of new digital and automated technologies in production processes and service delivery. These changes are bringing emerging markets improved productivity, as well as risks – namely, reshoring and the displacement of human labour by...
A key driver of non-oil GDP growth, Dubai’s industrial sector continues to play an integral role in both its own diversification plans and those of the UAE. As a whole, the UAE is already the most diversified economy in the GCC, with only a third of its GDP coming from hydrocarbons activity. Recently, however, pressures from the oil price drop...
Dubai’s goal of becoming a key regional centre for exports of foodstuffs took a big step forward in early 2017 with the launch of a designated food park in the emirate, occurring alongside several other major developments in the food and beverage sector.
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