News in brief: The UAE plans to boost its agriculture sector by $10 billion and generate 20,000 jobs over the next five years, with a focus on innovation, a UAE-first approach, and global regulatory influence.
The United Arab Emirates (UAE) aims to increase the contribution of its agriculture sector to the economy by $10 billion (Dh36.7 billion) and create 20,000 jobs in the next five years.
According to a report over the weekend, Abdulla bin Touq al Marri, UAE Minister of Economy, made the statement during his address at the fifth Future Food Forum in Dubai.
The minister revealed seven key pillars to achieve this objective including localising innovation, fostering a UAE-first culture and food supply chain. He also said that making the UAE a global regulatory powerhouse is another way as well as providing farmers with the necessary support to become global leaders in agri-food innovation and sustainability.
The UAE’s focus on agriculture is part of its broader efforts to diversify its economy and reduce its reliance on oil. Already, it relies on imports to satisfy 85% of its domestic food demands. As its population expands (expected to pass 10 million by 2030), its food imports bill would grow astronomically if left unchecked.
Abdulla bin Touq al Marri is confident that the identified seven key pillars are essential to achieving its agricultural goals.
For example, by localising innovation, it can develop new technologies and practices that are suited to its climate and environment.
Fostering a UAE-first culture and food supply chain will help to reduce the country’s reliance on imports and create jobs for citizens. It will also help to ensure that the country’s agricultural products meet the highest international standards.
Additionally, providing farmers with the necessary support and resources will help them to compete in the global marketplace.
The UAE’s ambitious agricultural goals will require significant investment and effort. Minister Abdulla bin Touq al Marri says that the government, the private sector, and farmers will work together to make them a reality.
