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Industrial Strategy
For Abu Dhabi Companies
in International Markets
February 2016
Issue 02-05012016
In association with
www.ihs.com
Sectoral Report
For Abu Dhabi Companies in International Markets
Dear reader
Multiple challenges confront Abu Dhabis industrial strategy.
Low oil prices and a strong dirham (as a result of the
strong US dollar) are eroding the economys competitive
edge. Meanwhile, the weakness of global growth and fiscal
austerity in adjacent countries soften the sales outlook for
Abu Dhabis nonoil industries. The Technical Committee of
the Department of Economic Development has proposed an
update to the industrial strategy of the country, synthesizing
selection criteria for sectors and sector clusters from the
Economic Vision 2030 and the current industrial strategy.
This report reflects on the criteria and the sectors put
forward for prioritization and compares the strategy update
with the Economic Vision 2030s industry goals; considers
the concepts of a sectors attractiveness and feasibility; and
assesses adjustments to the prioritization of the Vision 2030
goals. The report also presents and discusses the benefits
of clustering and geographical industry agglomeration.
Branching out to the new sectors, which requires largescale upfront investment, might be challenging given the
new global circumstances and competitive pressure. A
focus on existing and developed sectors and clusters to
reinforce the competitive edge might be advisable.
Contents
Manufacturing performanceTailwinds
and headwinds
Economic diversification
www.abudhabichamber.ae
February 2016
www.linkedin.com/company/abu-dhabi-chamber
Executive summary
2%
Exchange rate
headwinds
challenge local
producers
Manufacturing performance
Tailwinds and headwinds
Manufacturing sectors,
subclusters, and Vision 2030
19.20%
15%
10%
5%
0%
-5%
-10%
2006
2007
2008
2009
2010
2011
2012
2013
2014
Sectoral Report
For Abu Dhabi Companies in International Markets
Chart 2: Exchange rate index (foreign currency per 1 dirham, Jan. 2014=100)
130
125
120
115
110
105
100
95
2015M11
2015M10
2015M9
2015M8
2015M7
2015M6
2015M5
2015M4
2015M3
2015M2
2015M1
2014M12
2014M11
2014M10
2014M9
2014M8
2014M7
2014M6
2014M5
2014M4
2014M3
2014M2
2014M1
90
12
Attractiveness
February 2016
Sector selection
Feasibility
Economic diversification
Exchange rate
headwinds
challenge local
producers
Tourism
Manufacturing
Media
Education
Healthcare
Source: Abu Dhabi Five Year-Plan 2014-2018 2016 Abu Dhabi Chamber of Commerce & Industry
Sectoral Report
For Abu Dhabi Companies in International Markets
Metric to measure
accomplishment
Diversification
Jobs
Economic growth
Sustainability
Trade balance
Wages growth
Energy intensity
SME share
Average wages
Exports
Environmental
sustainability
Export market
diversification
Emiratization
potential
Productivity growth
Import growth
Exports growth
Import intensity
Source: Department of Economic Development 2016 Abu Dhabi Chamber of Commerce & Industry
Specific metric
Market attractiveness
Strength of cluster
Capabilities
Cost competitiveness
Revealed comparative
advantage (regional/
ranked)
Stability
Downstream positioning
Growth
Product diversity
Labor cost
GCC competitiveness
Availability of inputs
Anchor alignment
Source: Department of Economic Development 2016 Abu Dhabi Chamber of Commerce & Industry
Widening the
focus on supply
chains and
clustering
Supply-chain linksBroadening
the sector focus
February 2016
Chart 7: Proposed sector selection for Abu Dhabi's industrial strategy update
HIGH feasibility / HIGH attractiveness
Structural metal products
Forging, pressing of metal, etc.
Aerospace and related machinery
Medical and dental instruments
Ships and floating structures
Military fighting vehicles
Steam generators
Furniture
Pulp, paper, and paperboard
Optical/photographic equipment
Cutlery and hand tools
Meat processing/preserving
Computer/peripheral equipment
Magnetic and optical media
Nonferrous metals casting
Fabricated metal products
Fish processing/preserving
Grain mill products
Musical instruments
Domestic appliances
Printing
Sports goods
Man-made fibers
Dairy products
Games and toys
Textile articles
Food processing machinery
Source: Department of Economic Development 2016 Abu Dhabi Chamber of Commerce & Industry
Sectoral Report
For Abu Dhabi Companies in International Markets
Plastics
Medical equipment
Aerospace
Defense
Industrial equipment
Construction materials
Food & beverage
Ship building
Special-purpose machinery
16
Communication equipment
Advanced electronic systems & instruments
Electronic components
Pharmaceuticals
Other transport
Source: Department of Economic Development 2016 Abu Dhabi Chamber of Commerce & Industry
February 2016
Tourism
Manufacturing
Media
Financial Services
Contacts
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Matthias Herles
Director Consulting IHS Economics & Country Risk
Matthias.Herles@ihs.com
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+49 (0)174 1946560
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.662 :
+971 2 6214000 :
+971 2 6215867 :
contact.us@adcci.gov.ae :
8:00 3:00 - ( -)
www.abudhabichamber.ae
2016
www.linkedin.com/company/abu-dhabi-chamber
: IHS
www.abudhabichamber.ae
2016
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