ADDED will provide 100 investment opportunities with a combined market size of $33.5 billion by 2027

The Abu Dhabi Department of Economic Development (ADDED) will provide 100 investment opportunities with a combined market size of Dh123.3 billion ($33.5 billion) by 2027, a top official announced on the first day of ADIPEC 2023. As part of the Abu Dhabi Industrial Strategy's (ADIS) initiatives to improve the industrial ecosystem, Ahmed Jasim Al Zaabi, Chairman of ADDED, highlighted the impressive array of investment opportunities that fall under the "Abu Dhabi Channel Partners" programme. This programme was established by providing detailed guides of investment opportunities and customised incentive packages to address the needs of key players and investors.

Al Zaabi, speaking at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), announced that 33 investment opportunities worth a total of Dh22.08 billion ($6 billion) in market value by 2027 will be part of the new batch of the "Abu Dhabi Channel Partners" programme, which aims to attract investors to the thriving chemical industries. The seven manufacturing subsectors that the ADIS has targeted for investment are food processing, pharmaceuticals, chemicals, electrical, electronics, machinery and equipment, and transportation. The initiative has identified a number of investment possibilities in each of these subsectors.

The comprehensive guide for the 33 chemical industry investments underlines the special value propositions and expansion prospects of Abu Dhabi in view of the increased emphasis on domestic chemical industry development. Investment possibilities in the chemical sectors have been identified, and between 2022 and 2027, they are expected to increase at a compound annual growth rate of between 2% and 14%.

Al Zaabi reaffirmed Abu Dhabi's unwavering commitment to fostering alliances with significant partners and stakeholders, expanding access to financing, enhancing the ease of doing business, and further enhancing Abu Dhabi's global competitiveness and attractiveness as the emirate solidifies its position as the top location for talent, investments, and businesses. The first round of incentives for the "Abu Dhabi Channel Partners" scheme, which was announced by ADDED in May 2023, contains 20 investment possibilities in the food processing industry in Abu Dhabi, with a projected market value of Dh29.4 billion ($8 billion) by 2027.

The Industrial Development Bureau (IDB) of ADDED launched the initiative with the goal of boosting the emirate's competitiveness on the global stage, luring new foreign and domestic direct investments, facilitating the transfer of technology, knowledge, and expertise, and boosting the industrial sector's contribution to Abu Dhabi's non-oil GDP.