Arafat Al Yafei, left, executive director of Added’s Industrial Development Bureau, and Faiz Al Nahddy, managing director and chief executive of Tawazun Industrial Park, sign an agreement to boost the industrial sector. Photo: Added
Arafat Al Yafei, left, executive director of Added’s Industrial Development Bureau, and Faiz Al Nahddy, managing director and chief executive of Tawazun Industrial Park, sign an agreement to boost the industrial sector. Photo: Added
Arafat Al Yafei, left, executive director of Added’s Industrial Development Bureau, and Faiz Al Nahddy, managing director and chief executive of Tawazun Industrial Park, sign an agreement to boost the industrial sector. Photo: Added
Arafat Al Yafei, left, executive director of Added’s Industrial Development Bureau, and Faiz Al Nahddy, managing director and chief executive of Tawazun Industrial Park, sign an agreement to boost the

Added joins forces with Tawazun Industrial Park to boost industrial sector


Alkesh Sharma
  • English
  • Arabic

The Abu Dhabi Department of Economic Development (Added) has joined forces with the Tawazun Industrial Park to boost the industrial sector and its competitiveness.

The initial agreement aims to deliver the initiatives launched by Added’s Industrial Development Bureau (IDB), the entities said in a joint statement on Wednesday.

They intend to achieve the objectives of Abu Dhabi Industrial Strategy (ADIS) by investing Dh10 billion ($2.72 billion) in six transformational programmes to more than double the sector size to Dh172 billion, create 13,600 jobs, and contribute to increase emirate’s non-oil exports to Dh178.8 billion by 2031.

ADIS’ six transformational programmes include industry 4.0, circular economy, talent development, ecosystem enablement, home-grown supply chain and value chain development.

“We are honoured to enhance co-operation with Tawazun Industrial Park, a key pillar of industrial sector in Abu Dhabi and a regional hub of defence and security industries, as we are rolling out initiatives and building partnerships with major local and global players,” Arafat Al Yafei, executive director of IDB, said.

Abu Dhabi-headquartered Tawazun Industrial Park offers defence and security contractors and their supply chain the complete industrial infrastructure required to support, build and grow their establishment, its website said.

The partnership between Added and Tawazun will include the land incentives programme which offers long-term industrial land lease contracts through rental rebate, with rates as low as Dh5 a square metre and the energy tariff incentive programme that offers preferential rates for gas and electricity to industrial sector.

The agreement will support defence and security industries, enhance competitiveness and increase export opportunities, said Shareef Al Hashmi, chief executive of Tawazun Council, and chairman of Tawazun Industrial Park.

“The role of defence and security industries in diversification and sustainable, comprehensive development is growing steadily, and our co-operation with various government entities aims to enhance an attractive ecosystem for defence and security companies,” Mr Al Hashmi said.

By 2030, the UAE plans to increase its domestic defence expenditure from 10 per cent to 30 per cent of its total defence expenditure, which represents an opportunity to substitute imports and promote supply chain localisation.

In 2021, the UAE launched the Operation 300bn strategy to increase the industrial sector's contribution to the country's gross domestic product to Dh300 billion by 2031, from Dh133 billion in 2021. The Arab world's second-largest economy is also encouraging companies to manufacture products locally under the Make it in the Emirates initiative.

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

On sale: Later in 2025 or early 2026, depending on region

Price: Exact regional pricing TBA

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
UK-EU trade at a glance

EU fishing vessels guaranteed access to UK waters for 12 years

Co-operation on security initiatives and procurement of defence products

Youth experience scheme to work, study or volunteer in UK and EU countries

Smoother border management with use of e-gates

Cutting red tape on import and export of food

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.

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Specs

Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request

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Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

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Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

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F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

5 of the most-popular Airbnb locations in Dubai

Bobby Grudziecki, chief operating officer of Frank Porter, identifies the five most popular areas in Dubai for those looking to make the most out of their properties and the rates owners can secure:

• Dubai Marina

The Marina and Jumeirah Beach Residence are popular locations, says Mr Grudziecki, due to their closeness to the beach, restaurants and hotels.

Frank Porter’s average Airbnb rent:
One bedroom: Dh482 to Dh739 
Two bedroom: Dh627 to Dh960 
Three bedroom: Dh721 to Dh1,104

• Downtown

Within walking distance of the Dubai Mall, Burj Khalifa and the famous fountains, this location combines business and leisure.  “Sure it’s for tourists,” says Mr Grudziecki. “Though Downtown [still caters to business people] because it’s close to Dubai International Financial Centre."

Frank Porter’s average Airbnb rent:
One bedroom: Dh497 to Dh772
Two bedroom: Dh646 to Dh1,003
Three bedroom: Dh743 to Dh1,154

• City Walk

The rising star of the Dubai property market, this area is lined with pristine sidewalks, boutiques and cafes and close to the new entertainment venue Coca Cola Arena.  “Downtown and Marina are pretty much the same prices,” Mr Grudziecki says, “but City Walk is higher.”

Frank Porter’s average Airbnb rent:
One bedroom: Dh524 to Dh809 
Two bedroom: Dh682 to Dh1,052 
Three bedroom: Dh784 to Dh1,210 

• Jumeirah Lake Towers

Dubai Marina’s little brother JLT resides on the other side of Sheikh Zayed road but is still close enough to beachside outlets and attractions. The big selling point for Airbnb renters, however, is that “it’s cheaper than Dubai Marina”, Mr Grudziecki says.

Frank Porter’s average Airbnb rent:
One bedroom: Dh422 to Dh629 
Two bedroom: Dh549 to Dh818 
Three bedroom: Dh631 to Dh941

• Palm Jumeirah

Palm Jumeirah's proximity to luxury resorts is attractive, especially for big families, says Mr Grudziecki, as Airbnb renters can secure competitive rates on one of the world’s most famous tourist destinations.

Frank Porter’s average Airbnb rent:
One bedroom: Dh503 to Dh770 
Two bedroom: Dh654 to Dh1,002 
Three bedroom: Dh752 to Dh1,152 

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Updated: March 08, 2023, 2:18 PM`