Planning to invest in a manufacturing business in UAE? Here's what you need to know
Wednesday, April 24, 2024
03:14:41 AM
Manufacturing accounts for 9.7% of the UAE's GDP (Statista), making it one of the largest economic sectors after oil and gas. The oil and gas sector has long been the foundation of the country's economy, however, recent government initiatives to diversify the economy have seen concerted efforts to expand alternative industries, with a significant focus on manufacturing.
This domestic desire for growth in manufacturing, coupled with global demand, makes the UAE's manufacturing industry an attractive investment opportunity. Here, we discuss why the UAE is a potentially attractive option for investors and examine which manufacturing activities in the UAE might present the best opportunities.
Read the publication by Ras Al Khaimah Economic Zone (RAKEZ)