The strategy of the Ministry of Industry and Advanced Technology (MoIAT) is the largest and most comprehensive plan for developing the UAE’s industrial sector and enhancing its role in stimulating the national economy. The strategy bears the name Operation 300Bn, based on its ultimate goal of raising the industrial sector’s contribution to the GDP from AED133 billion to AED300 billion by 2031.
The strategy stems from an integrated vision of the Ministry to develop the UAE industrial sector, increase its in-country value (ICV), establish the UAE as a global hub for future industries, build the reputation of UAE industrial products through the promotion of exports to global markets and create quality job opportunities in the industrial sector.
Emirates Development Bank (EDB) is a key enabler of Operation 300Bn. Under the strategy, the Bank allocated a portfolio of AED30 billion to support priority industrial sectors over a period of five years, which will contribute to financing 13,500 SMEs and creating 25,000 jobs in the following sectors:
For more information about the bank’s services, please submit an enquiry through https://www.edb.gov.ae/en/contact-us
The objectives of Operation 300Bn align with the UAE’s commitments to global climate action as well as the sustainable development agenda and its goals. These include safeguarding public health, advancing sustainable economic growth, deploying clean energy solutions, driving industrial innovation, and promoting responsible consumption and production. To achieve these priorities, the UAE Cabinet has adopted the UAE Circular Economy Policy 2021-2031, a comprehensive framework that guides the country’s efforts to ensure sustainable and efficient use of resources with the aim of preserving them for future generations. MoIAT’s key initiatives within Operation 300Bn support these objectives by encouraging the development and adoption of Fourth Industrial Revolution (I4.0) applications and advanced technologies to generate significant economic returns, reduce the environmental footprint of the industrial sector and boost its competitiveness.
The Ministry seeks to increase the efficiency and sustainability of the production cycles and supply chains by driving research and development (R&D), establishing a comprehensive system of specifications and standards to create an integrated quality infrastructure for the industrial sector, as well as implementing sustainable industrial policies that reduce resource consumption, and support climate action and carbon neutrality efforts.
Increasing productivity, boosting economic contribution and creating job opportunities:
Creating a conducive environment for developing industries of the future:
Through its efforts, the Ministry contributes to the National Industrial Strategy and its initiatives:
A modern ministry with a progressive vision that aims to develop the UAE’s industrial sector by promoting the adoption of advanced technology.