Growing the manufacturing sector has long been a key component of the U.A.E.’s economic diversification strategy. Indeed, over the past several decades, the U.A.E. has become an important producer of metals, such as aluminum and steel, and building materials, including cement, ceramics, and glass. It has also become a significant manufacturer of petrochemicals, pharmaceuticals, food and beverages, and a wide variety of consumer goods. In the process, U.A.E. companies such as Emirates Global Aluminum and SENAAT have distinguished themselves as global industrial players.
Meanwhile, the U.A.E. has been a major importer of U.S. manufactured goods including Boeing airplanes, electronic equipment, machinery, and food products. It has also invested in the U.S. manufacturing sector. For example, Mubadala has invested $15 billion in GLOBALFOUNDRIES’ FAB 8 facility, employing nearly 3,000 people in New York’s Capital Region.
Building on this investment, the Business Council co-led a delegation of GLOBALFOUNDRIES and other New York Capital region representatives to the U.A.E., supported U.A.E. official visits to GLOBALFOUNDRIES, and highlighted the importance of this landmark investment via a high-profile event with His Excellency Khaldoon Al Mubarak, CEO of Mubadala, in Washington, D.C.
At the same time, the Business Council has been an avid supporter of The Global Manufacturing and Industrialisation Summit (GMIS), which is a joint initiative of the United Nations Industrial Development Organization (UNIDO) and the U.A.E. to build bridges between manufacturers, governments, NGOs, technologists, and investors and propel forward the Fourth Industrial Revolution.
The Business Council continues to highlight developments in the manufacturing sector through events with U.S. and U.A.E. officials, including H.E. Dr. Sultan Al Jaber, U.A.E. Minister of Industry and Advanced Technology and the Honorable Mayor Bill Peduto of Pittsburgh, and through written reports including The Future of Manufacturing in the U.A.E., which was launched at a high-profile event with leadership from SENAAT and Mubadala in Abu Dhabi.