The UAE has continued to experience progressive demand on its manufacturing supply base in 2017. The development of manufacturing in the region and global trends was a key topic at the first Global Manufacturing and Industrialisation Summit (GMIS) this year. Organisations have sought to explore growth opportunities through mergers and acquisitions and in addition capitalise on new and emerging regional markets. Salaries have continued to remain steady as attracting and retaining the best technical talent is a top priority for MNC's, Regional Conglomerates and SME's.
In 2016, Abu Dhabi set a target to double the size of its industrial base to 10% of GDP as a part of a broader strategy to increase the non-oil private sector’s share of GDP from 27% to 40% by 2030.Dubai Industrial City (DIC) is targeting US$2 billion in investment over the next five years. Currently, DIC has invested US$177 million in manufacturing and will continue to build more factories, contributing to the increase in the volume of manufacturing jobs in the UAE. The high levels of commitment from local and foreign direct investors to the region continue to facilitate growth. As a result, the volume of manufacturing jobs in the UAE is expected to continue to increase in the latter of 2017.
Moreover, a key development for in the industry occurred when U.S President Donald Trump met with the King of Saudi Arabia to discuss various investment opportunities in the country as an effort to further develop Saudi's economy beyond oil. This meeting resulted in numerous contracts being signed worth tens of billions of dollars and has fueled the expanding nature of the manufacturing industry within the Middle East, creating an increase in the volume of manufacturing jobs in the region.
Thank you for your enquiry. A member of our team will be in touch with you shortly.