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Dubai Investments contributes to UAE's manufacturing and industrial growth

posted on 23/09/2013: 3338 views

Dubai Investments PJSC has released financial figures for the year 2012 showing that it continues to play a major role in the growth of the manufacturing and industrial sector across the UAE, with significant contributions from its subsidiaries - particularly in the processing industries segment.

According to DI statistics, revenues from its manufacturing and contracting business touched Dh 1.71 billion as of December 31st, 2012, primarily driven by growth achieved across its subsidiaries, including Glass LLC, Dubai Investments Industries LLC and Masharie LLC.

According to a study by Dubai Chamber of Commerce and Industry, the UAE manufacturing segment is amongst the highest contributing sectors to the UAE's non-oil GDP over the last decade, with a stable percentage contribution of about 14% over the period 2001-2012, showing a growth pattern similar to that of the UAE GDP growth path.

In 2012, manufacturing exports accounted for 53% of the UAE's total non-oil exports of merchandise goods, and 22% of total exports including oil exports, which are also considered as relatively high. UAE manufactured exports increased from USD 8.3 billion in 2000 to about USD 59.2 billion in 2012, registering a cumulative annual growth rate of about 18%.

The manufacturing sector has witnessed a strong growth thrust and this remains one of the focus areas for DI, which operates across a wide array of manufacturing and processing industries, including glass, aluminium products, building materials, pharmaceuticals, food and related sectors.

Glass LLC, one of the DI subsidiaries, attracted massive demand from emerging markets, touching sales in excess of US$163.35 million in 2012. Glass LLC provides premium quality glass solutions to the construction, automotive, security and defence industries across domestic and international markets.

Another DI sub-holding entity, Dubai Investments Industries LLC, operates companies responsible for industrial development in local and regional markets, including Edible Oil Company, Emirates Building Systems, Globalpharma, Marmum Dairy Farm, Emirates Extruded Polystyrene and Dubai Cranes and Technical Services.

Globalpharma has an annual production capacity of 300 million tablets, 150 million capsules and over seven million litres of dry syrup.

Marmum Dairy Farm achieved a 10% growth in retail sales during 2012-13 thus reinforcing its market leadership and growth in the regional dairy and juice segments.

Masharie LLC - another DI subsidiary, operates a number of business units across sectors. – Emirates News Agency, WAM



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