MANUFACTURING ZONES
Overview
While the region is known for its petroleum and petrochemical industry, the importation of specialty industrial, medical and pharmaceutical products is one of the highest to the GCC. The UAE being a member of WIPO and Dubai's strict enforcement of Intellectual Property Laws, makes Dubai Industrial City the prime location for the high-end chemical industry.
Specialty chemicals companies, in particular those in the additives, coatings and surfactant businesses, will find DI City the perfect location for their ventures. Dubai Industrial City provides easy access to the booming regional sectors of construction, manufacturing and household products, as well as the abundant upstream supply of chemical and petrochemical feedstock.
Industry Highlights:
- Middle East market size over US$ 90 billion, with imports accounting for over 33%
- Total market growing at 5% CAGR
- Construction chemical market expected to hit US$520 million cumulatively over the next 5 years
Source:
- Mckinsey & Company Analysis