MANUFACTURING ZONES
Overview
Turbines, electric power generation and distribution equipment, heating, ventilation and air conditioning, home appliances, laboratory equipment, material handling machinery, manufacturing equipment and consumer electronics collectively form a large industrial sector in the GCC .
High value-added science and engineering based products are already being distributed throughout the region via Dubai's world-class logistics and business infrastructure, and now we envision them being manufactured in Dubai as well.
With its easy access to global scientific talent, world-class logistics and supply chain management capabilities, Dubai is set to become a leader in highly engineered machinery and mechanical products.
Industry Highlights:
- Largest import sector in GCC with US$ 23 billion worth of imports in 2002 and growing at 9% CAGR
- GCC construction equipment market is US$ 1 billion - US$ 1.5 billion, representing 4$ of global market
Source:
- Mckinsey & Company Analysis