By: Ramy Sameeh
Abu Dhabi – Mubasher: The Director General of Abu Dhabi's Industrial Development Bureau, Ayman Al Makkawy, said Sunday that a new industrial strategy is expected to be issued in the second quarter of 2016.
The new strategy will include new legislations which aim at empowering UAE’s private sectors, Al Makkawy added on the side lines of a conference to announce the participation of his country in Hannover Messe, is the world's largest industrial show.
Al Makkawy pointed that the Abu Dhabi government is currently considering making significant amendments to the private sectors’ laws to encourage it to contribute strongly in the industrial projects.
“New legislations will facilitate the private sector’s contribution in key industries; like aluminium, petrochemicals and iron industries,” he explained.
Meanwhile, Mohammed Nasser Hamdan Al-Zaabi, director of trade promotion and investment, UAE Ministry of Economy, said that UAE is looking forward to increase the industrial sector’s contribution to the country’s gross domestic product (GDP) from 14% to 20% during the next three years.
Al-Zaabi added that trade volume between his country and Germany reached $12 billion, and trade volume between the free zones in the two countries came to $3 billion.
Translated by: Elwy el-Manzalawy
