The Abu Dhabi Department of Economic Development revealed the success of the Basic Industries Project, implemented by its Industrial Development Bureau, in adding 22 new industrial licenses in the Emirate of Abu Dhabi, during the first year of its launch, in the medical, food and electrical industries, with a total investment volume of up to 286.4 million dirhams.
Mohamed Ali Al-Shurafa, head of the department, said that the basic industries project, which contributes to achieving self-sufficiency in industrial products at the level of the Emirate of Abu Dhabi, aims to identify areas of local industrial investment at the level of the emirate in the main specific sectors, which are the food, medical and electrical industries, which are considered among the Target industries in the updated industrial strategy of the Emirate of Abu Dhabi.
Al-Shurafa stated that the Industrial Development Bureau seeks to add 50 local industrial facilities during the next three years, which contribute to achieving self-sufficiency in many targeted industrial fields, the most important of which are medical, food and electrical, bringing the total industrial facilities currently included in the self-sufficiency system to Abu Dhabi Emirate level, 141 factories.
The honorable praised the level of partnership and joint cooperation between the Department and its strategic partners, in strengthening the system of self-sufficiency in basic products, which contributes to attracting new investments and developing existing basic industries, noting the role of the Department of Health, the Department of Energy, the Abu Dhabi Investment Office, and the Abu Dhabi Agriculture and Food Safety Authority And Rafid Company, in strengthening the efforts of the Department of Economic Development, to achieve the objectives of the basic industries project, explaining that the manufacturing industries in the Emirate of Abu Dhabi achieved a growth rate of 4.8%, and their contribution rose to 13% of the non-oil GDP, by the end of 2020.
Al Shurafa pointed out that the department launched a policy to achieve self-sufficiency for industrial products in the Emirate of Abu Dhabi, and worked to raise the list of investment fields, adding 29 new activities with the Abu Dhabi Investment Office, to develop a plan to attract additional new foreign investments, in addition to signing a joint cooperation agreement between the Development Office. The industry, with Salal Company, to implement the Local Content Program.
The report on the achievements of the basic industries project stated that the percentage of local products in the food, medical and electrical industries will be raised to more than 25%, indicating that the list of investment areas that were included in the basic industries project included 17 food industries. , including 8 new industries, and the development of 9 existing industries, while the medical industries included 23 fields, including 14 new industries, and the development of 9 existing industries, and electrical industries 12 areas, including 7 new industries, and the development of 5 existing industries.
The report of the Industrial Development Bureau monitored measuring the impact of the basic industries project that contribute to achieving self-sufficiency, highlighting the new investments according to their classifications. In total, 22 new industries were licensed, with a total investment volume of 286.4 million dirhams.
The report indicated that 7 specialized licenses were licensed in the field of food industries, with investments amounting to 9.8 million dirhams, in addition to the issuance of 6 specialized licenses in the medical industries, with investments amounting to 261.8 million dirhams. The report also monitored the issuance of 9 industrial licenses in the electrical industries sector, with investments amounting to 14.8 million dirhams.
The report of the Industrial Development Bureau stated that the Abu Dhabi Medical Supplies Factory succeeded in signing two agreements to supply injections and specialized materials for the industrial respiratory system, with “Rafid Company”, the collective purchase organization for health care goods and services in the emirate, with a total value of 3.2 million dirhams.
He added that, in the context of enhancing the provision of raw materials, coordination was coordinated between the Abu Dhabi Company for Medical Supplies and Borouge to provide plastic raw materials for medical use locally, for the production of medical syringes, with an investment volume of 94.28 million dirhams, which contributes to raising production capacity by 11%, as of From July 2021, with an expected production volume of 61 million syringes per month.
Source: Middle East in 24
30 August 2021