Abu Dhabi to allocate $2.7bn to position itself regional industrial hub  

RIYADH: Abu Dhabi government is planning to invest 10 billion dirhams ($2.7 billion) across six industrial programs as it aims to double the size of the manufacturing sector to 172 billion dirhams by 2031.

It intends to achieve the goal by increasing manufacturers’ access to financing, and improving the ease of doing business while attracting foreign direct investment, the National reported. 

This is being done as part of the Abu Dhabi Industrial Strategy that looks to strengthen the emirate’s position as the region’s competitive industrial hub by 2031.