The United Arab Emirates is poised to implement a new investment policy aimed at the urea production sector, potentially leading to a reduction in imports of this vital agricultural input. The measure is scheduled for discussion by the Cabinet this Wednesday, reflecting an increasing commitment to enhance local manufacturing capabilities.
Under the proposed policy, producers of urea will benefit from a guaranteed buyback arrangement that is set to last for eight years from the start of their production. This initiative underscores the government’s strategy to boost self-sufficiency in agricultural resources, decrease reliance on imports, and foster a more sustainable local economy.
The significance of this policy extends beyond just enhancing local production. It is expected to stimulate investment in the fertilizer sector, create jobs, and promote economic diversification in line with the UAE’s broader goals. As regional agricultural demands grow, such steps could position the UAE as a key player in the urea manufacturing landscape of the Gulf region.
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