DOUBLING DOWN ON ‘MAKE IN THE UAE’: The UAE’s call for industrial-scale investments – in heavy, medium, light industries – is hitting the right scale in commitments received, proposals being put up. With the target being the widespread use of the ‘Make in the UAE’ stamp across products coming out of those factories. Post-Covid has reshaped the logistics and supply chain sectors, and industrial activity too will benefit from the ‘near-shoring’ theme that economics everywhere are offering. The UAE is wining more commitments, both from existing heavy-hitters as well new entrants. Would this activity also lead to electric vehicle production plants in the UAE? Attempts are already there. (By Manoj Nair, Business Editor)
WAM