Mohammed Alabbar: Manufacturing and Technology Will Drive the Next Wave of National Economic Growth

During a panel discussion attended by Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Investment and Development Authority (Shurooq), Mohamed Alabbar, the founder and Executive Board Member of Emaar Properties and noon.com, as well as Chairman of Eagle Hills, expressed that manufacturing and technology represent the next wave of growth in the UAE’s economy. He noted that achieving success in any venture is rooted in hard work, discipline, and continuous innovation that generates real value on both social and economic fronts.

The statement

Mohamed Alabbar during the session

This discussion was part of the second day of the Sharjah Investment Forum 2025, organized by the Sharjah Foreign Direct Investment Office under the theme “A Vision for Smart Economies,” in alignment with the Global Investment Conference agenda, featuring a selection of global economic leaders and experts.

The session was led by media figure and entrepreneur Chris Fade, titled “Vision, Project, and Value – Shaping the Region through Leadership,” where Alabbar shared an inspiring journey from his humble beginnings to leading global projects that have significantly impacted the economic and urban development landscape of the region.

He emphasized that resilience and continuous learning are crucial for success in a rapidly changing global environment, pointing out that the company Eagle Hills operates in 18 markets worldwide.

Alabbar stated: “If we look at our economy, we find that real estate constitutes only 12% of the GDP, while manufacturing accounts for 15%.”

Moreover, he highlighted the uniqueness of the manufacturing sector, stating, “What I appreciate about manufacturing is that it is an area where no one can compete with you.”

He urged for a serious focus on enhancing manufacturing sectors and further embracing modern technologies and innovations.

Business

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