About the Strategy

The strategy of the Ministry of Industry and Advanced Technology (MoIAT) is the largest and most comprehensive plan for developing the UAE’s industrial sector and enhancing its role in stimulating the national economy. The strategy bears the name “Operation 300Bn”, based on its goal of raising the industrial sector’s contribution to the GDP from AED133 billion to AED300 billion by 2031.

The strategy stems from an integrated vision of the ministry to develop the UAE industrial sector, increase its In-Country Value (ICV) reliance and development, in line with sustained efforts to establish the UAE as a regional and global hub for future industries. The strategy supports local demand for products manufactured in the UAE, builds the reputation of the nation’s industrial products through the promotion of exports to global markets, and leads to the creation of quality job opportunities and new training programs in the industrial sector.

Emirates Development Bank (EDB) is a key enabler of Operation 300Bn. Under the strategy, the Bank allocated a portfolio of AED30 billion to support priority industrial sectors over a period of five years, which will contribute to financing 13,500 SMEs and to the creation of thousands of job opportunities in the following sectors:

• Manufacturing: petrochemicals, plastics, heavy industries, machinery, electrical appliances and renewable energy equipment.
• Infrastructure: energy, transportation, communications and digital infrastructure.
• Technology: software, IT, storage devices, peripherals, renewable energy technology and education technology.
• Healthcare: pharmaceuticals, biotechnology, medical equipment and hospital services.
• Food security: agriculture, livestock, aquaculture and water desalination.

For more information about the Bank’s services, please submit an enquiry through https://www.edb.gov.ae/en/contact-us