Abu Dhabi to offer 100 investment opportunities worth $33.5B
The Abu Dhabi Channel Partners programme aims to improve the industrial ecosystem by offering detailed investment guides and tailored incentives to key players and investors.
Abu Dhabi will offer 100 investment opportunities, totalling $33.5 billion, by 2027, under the Abu Dhabi Channel Partners programme, according to Emirates News Agency.
Launched as part of Abu Dhabi Industrial Strategy’s (ADIS) initiatives, the programme aims to improve the industrial ecosystem by offering detailed investment guides and tailored incentives to key players and investors. It targets seven manufacturing subsectors—food processing, pharmaceuticals, chemicals, electrical, electronics, machineries and equipment, and transportation.
The new batch of the Abu Dhabi Channel Partners programme to incentivise investors in the chemical industries will include 33 investment opportunities, with a combined market size of $6 billion by 2027.
The guides highlight 33 chemical industry investments in Abu Dhabi, with a projected CAGR of 2% to 14% between 2022 and 2027.
The announcements were made by Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development, at the Abu Dhabi International Petroleum Exhibition and Conference.
Zaabi stated that ADIS has seen significant growth in the manufacturing sector since its launch in June last year. The number of industrial licences granted in the emirate has increased by 16.6% and investments in factories in the production phase has soared by over 85%. Active manufacturers in the emirate have risen by nearly 5% to 960 factories.
The manufacturing sector is playing a crucial role in diversifying the economy, with an aim to increase non-oil exports to $48.6 billion by 2031, said Zaabi.
He emphasised the importance of building partnerships, increasing financing access, and enhancing business ease, to strengthen Abu Dhabi's global competitiveness and attractiveness as a preferred destination for talent, investments, and businesses.
Abu Dhabi Department of Economic Development launched the first batch of incentives under the Abu Dhabi Channel Partners programme in May this year, including 20 investment opportunities in Abu Dhabi's food processing sector, valued at $8 billion by 2027.
The channel partners programme aims to boost global competitiveness, attract investments, foster knowledge transfer, and enhance the industrial sector's role in Abu Dhabi's non-oil GDP.
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Edited by Swetha Kannan