Plan floated to boost local manufacturing sector

The Dubai Department of Economy and Tourism (DET), in collaboration with the Dubai Department of Finance (DoF), has launched the 'Dubai In-Country Value (ICV) Programme', aimed at strengthening the local manufacturing sector by directing more government spending toward domestic suppliers.

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The initiative will be implemented through TASHAROK, the Government of Dubai's Shared Procurement Programme. Managed by the Support Services Centre (SSC) at Dubai Finance, TASHAROK enables government entities to benefit from preferential rates through pre-approved supplier agreements.

The Dubai ICV Programme is set to create substantial opportunities for local manufacturers and Emirati-owned businesses, reinforcing sustainable and inclusive economic growth. The initiative forms part of DET's broader strategy to position Dubai as a global centre for trade, investment, and innovation.

By encouraging government entities to prioritise products with higher local content, the programme empowers businesses to play a greater role in achieving the objectives of the Dubai Economic Agenda D33, which aims to double the size of the emirate's economy by 2033 and strengthen its status as a leading global destination for business and leisure.

The programme will also help retain a larger share of government expenditure within Dubai's economy, further supporting GDP growth.