Manufacturing is a major driver of a country’s economic diversification, which aims to develop an economy that is less dependent on other sectors including hydrocarbons. In this regard, the Manufacturing Strategy focuses on creating advanced manufacturing value chains with the aim of transforming a country into a major manufacturing hub. Thanks to its high-level talent pool, unmatched market access and connectivity, and cutting-edge free zones.
What's happening
Smart Manufacturing
Seeking to implement and drive innovation and development of new smart manufacturing technologies that use digital technologies, robotics, artificial intelligence, augmented reality, 3D printing and the Internet of Things to boost manufacturing and production, reducing costs and production times. Our investments in startups are already producing significant returns on investment.
Factory One
Factory One is the first Industrial Capability Centre, established in collaboration with McKinsey & Company to bring world-class experience in lean operations to boost local manufacturing industries. A wide range of capacity building and SME transformation programmes will be implemented within the centre, providing local manufacturers with the opportunity to improve their efficiency, innovation and competitive advantage.
Electric vehicles opportunities
In the high-tech sector of electric vehicle manufacturing, the country has established a pioneering hub and developed research on Plug&Play components, prototype development and testing and provided an environment for testing mobility vehicles and emerging technologies in buses, vans and small vehicles. Our partners offer a range of incentives to foreign investors, including tax exemptions, land allocation, regulatory exemptions, power supply for manufacturing and financial support, which can be tailored to your needs based on the requirements of your investment proposal.
To take a trivial example, which of us undertakes laborious physical exercise.
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