UAE’s Manufacturing Sector: A Path to Economic Growth
At the recent eighth Sharjah Investment Forum – World Investment Conference (SIF–WIC 2025), Mohamed Alabbar, the esteemed Founder of Emaar Properties and Noon.com, shared insights on the pivotal role of the manufacturing sector in the UAE’s economic future. He emphasized that with manufacturing currently accounting for 15 percent of the nation’s GDP, it will serve as a cornerstone for the next phase of growth.
The Importance of Manufacturing in the UAE Economy
During his address, moderated by entrepreneur Kris Fade, Alabbar urged emerging entrepreneurs to pivot towards manufacturing. He noted that while the real estate sector contributes to 12 percent of the GDP, the manufacturing industry has surpassed this by 3 percent. “Start small; consider investing in a 3D printer for your home and craft quality products with integrity,” he advised, encouraging a grassroots approach to innovation and business.
Lessons from an Entrepreneur’s Journey
Reflecting on his own journey, Alabbar recounted his early struggles and motivation to rise above poverty. However, he asserted that true success goes beyond personal achievements to encompass a commitment to giving back. He stated, “Payback isn’t merely about monetary donations; it’s about embodying good manners, honesty, and taking care of both your family and your country. Every step I take is for my nation.”
Impact on Urban Development
Alabbar also highlighted the significant impact of his business ventures on urban development. He explained that each project contributes approximately 5 percent to a city’s GDP, fostering job creation and nurturing small businesses. This relationship between corporate projects and local economies is vital for sustainable growth.
The Vision Behind Noon.com
In discussing his e-commerce platform, Noon.com, Alabbar explained his vision was driven by the Arab world’s need to secure its digital space. “We are 400 million Arabs using technology for about five hours daily, yet we lack ownership in this domain. That realization fueled my determination to leave an imprint,” he noted. His efforts have clearly aimed to empower the region to embrace and navigate a digital economy.
The Role of Discipline in Leadership
Concluding his address, Alabbar spoke candidly about discipline in leadership, countering perceptions of harshness. “I’m not brutal; I’m brutally disciplined when it comes to learning, honesty, hard work, and maintaining quality. Surround yourself with good people; they uplift us and help us evolve into better individuals,” he affirmed, underscoring the value of teamwork and shared values.
A Gathering of Global Minds
The SIF–WIC 2025, organized by the Sharjah FDI Office (Invest in Sharjah) in collaboration with the World Association of Investment Promotion Agencies (WAIPA), attracted over 10,000 participants from 142 countries. With the overarching theme of “Transforming Our World: Investing for a Resilient and Sustainable Future,” the forum provided a platform for vital discussions on economic growth and sustainable investment strategies.
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