Dubai: Saud Abu Alshawareb, the Executive Vice President - Industrial at TECOM Group PJSC, expressed optimism about Dubai Industrial City's performance in the early months of 2025, indicating a promising year for growth and investor attraction in the industrial sector.
According to Emirates News Agency, Alshawareb shared these insights during the 'Make it in the Emirates' event, highlighting the city's robust growth indicators that began in 2024. The number of operating companies increased by over 10%, exceeding 1,100 by the end of the year. Additionally, more than 16% growth in factories entering production brought the total to over 350, underscoring Dubai's appeal as a prime destination for industrial investments and contributing to the rise in the industrial gross domestic product (GDP).
Focusing on the food and beverage sector, Alshawareb noted that Dubai Industrial City attracted investments surpassing AED350 million in 2024, reinforcing its status as a crucial hub for this strategic sector, which is witnessing increased demand both locally and regionally.
Regarding new investments, the city is experiencing a varied influx involving infrastructure development, construction of power stations, expansion of workers' accommodations, and the offering of new industrial plots. Alshawareb mentioned that distinctive initiatives in these areas would be announced soon.
He reiterated Dubai Industrial City's dedication to supporting the UAE's industrial localization efforts by providing an integrated and sustainable business environment, which enhances the sector's contribution to the country's GDP.