Industrial sector to create 27k jobs.

The fast diversifying and innovation-driven industrial sector, a key driver of UAE's economic growth, is expected to account for 20 per cent of the nation's gross domestic product by 2030.

The predicted growth is in line with Dubai Industrial Strategy 2030 that seeks to redefine the industrial landscape, senior government officials said at the Future Manufacturing and Trade Summit on Tuesday.

The Dubai government aims to increase total GDP by Dh165 billion by 2030 in keeping with the Dubai Industrial Strategy. It also plans for the creation of 27,000 jobs, with exports forecast to increase by Dh16 billion. The industrial sector is projected to grow by an additional Dh18 billion by 2030.

Delivering the opening address at the summit on behalf of Suhail bin Mohammed Faraj Faris Al Mazrouei, the UAE Minister of Energy and Industry, Ahmed Al Kaabi, assistant undersecretary for Oil, Gas and Mineral Resources at the Ministry, said the country seeks to develop knowledge-based manufacturing of goods and services, as well as in optimising the use of digital technology in manufacturing in order to enhance the nation's rankings in global competitiveness indices.

"The UAE has a vibrant industrial sector which is not dependent on oil derivatives only but has expanded to fertilizers, chemicals, aluminum...