Exploring the UAE’s Manufacturing Sector: Insights from Sales Head Mr. Sushil Mathew

Hello and welcome to yet another insightful episode of the Profound podcast where we delve into a crucial aspect of the UAE’s economy, which is manufacturing businesses and joining me back today is Mr Sushil Mathew, the Sales Head of Profound Business Service. Welcome Sushil!

Thank you, host. It’s great to be back.

 Let’s jump right in. Could you give our listeners an overview of the current landscape of manufacturing businesses in the UAE?

Certainly, host. The UAE has strategically positioned itself as a global hub for manufacturing, leveraging its strategic location, advanced infrastructure, and business-friendly policies. The manufacturing sector here spans a wide range of industries including petrochemicals, metals, pharmaceuticals, aerospace, and more recently, advanced technology and renewable energy sectors.

Dubai is often described as a preferred base for entrepreneurs and mega-corporations. What factors contribute to its appeal in the international business arena?

Dubai’s appeal stems from its strategic location at the crossroads of historic import-export routes between Asia, Europe, and Africa. It boasts state-of-the-art ports, advanced technologies, and future-focused infrastructure, making it a global gateway for production and trade.

How has Dubai’s industrial sector been performing recently, and what role does it play in the city’s economy?

Dubai’s industrial sector has shown steady growth, contributing 8.3% to the GDP in the first three quarters of 2023 alone. This growth aligns with Dubai’s ambitious D33 agenda, aiming to double the city’s GDP within a decade through enhanced production, increased exports, and innovation.

What specific incentives does Dubai offer to manufacturers and exporters to support their growth and innovation?

Dubai offers specialized incentives such as tax-free zones, regulatory ease, and a business-friendly environment. These incentives are designed to facilitate business setup and expansion, encouraging innovation and scalability within an exciting and competitive ecosystem.

For businesses looking to establish or expand operations in Dubai, what resources and support are available?

Dubai provides extensive support tailored to manufacturers and exporters, ranging from securing manufacturing licenses to accessing operational services and niche resources. Entrepreneurs can register their businesses easily and benefit from the comprehensive support system in place.

What makes now an opportune time for manufacturers and exporters to consider Dubai as their base?

Now is an ideal time due to Dubai’s proactive initiatives, strategic advantages, and robust economic diversification efforts. By joining leading companies and SMEs already thriving here, businesses can leverage Dubai’s growth trajectory and international connectivity to expand their global footprint.

What initiatives does Dubai offer to promote exports and enhance market awareness for businesses?

Dubai provides several initiatives aimed at promoting offerings and increasing market awareness. These include export assessment questionnaires, access to technical information, training, consulting services, and trade analyses. These resources cater to both companies new to export and those already export-capable.

How does Dubai support UAE-based companies looking to enhance their export capabilities?

UAE-based companies can benefit from skills-enhancement courses and trade missions organized by the Dubai Department of Economy and Tourism (DET). These initiatives offer valuable insights into overseas markets through briefings and interactions with potential partners, facilitating their expansion abroad.

Could you elaborate on the SheTrades MENA Hub and its role in supporting female entrepreneurs in Dubai?

The SheTrades MENA Hub, a collaboration between DET and The International Trade Centre (ITC), empowers female entrepreneurs in Dubai and the MENA region. It focuses on sustainable development, resilience, and inclusive growth by providing resources and opportunities for women-led businesses.

How does Dubai’s network of international offices contribute to the success of its export sector?

Dubai’s network of international offices and strategic partners plays a crucial role in fostering global connections. These offices facilitate market assessments, access to UAE trade publications, and communications with Dubai-based entities, enhancing opportunities for international stakeholders.

What specific services are available to businesses abroad through Dubai’s international network offices?

Dubai’s international network offices offer a range of services such as registration support, practical advice, franchise development, and strategies for long-term growth. They also assist UAE-based companies with market penetration, product launches, and alternative product sourcing in international markets.

Thank you for joining us on our podcast today. Until next time stay informed, stay inspired, hit subscribe and stay Profound.