Sheikh Mohammed, the ruler of Dubai, has approved an industrial strategy that aims to add AED165bn to the economy and create thousands of jobs by 2030. The strategy sets out priorities for developing aerospace, maritime, aluminum and fabricated metals, pharmaceuticals and medical equipment, food and beverages, and machinery and equipment industries. The industrial sector is expected to grow by AED18bn by 2030, creating 27,000 jobs, with exports forecast to rise by AED16bn. Investment in research and development will increase by AED700mn by 2030. The Dubai Industrial Strategy aims to transform the UAE into a global platform for innovative industries and a destination of choice for international companies seeking an integrated and favourable environment for growth and sustainability. (The National)