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THE ECONOMY - INDUSTRY

Sharjah small-scale industries record major boom

Posted on 06/01/2002

Sharjah Emirate recorded an unprecedented growth in the sector of small-scale industries from 1998 to 2000, according a report. The emirate recorded a significant rise in the number of small-scale industries from 821 firms in 1998 to 931 in the year 2000. Capital also increased during this period from Dhs57 million to 466 billion, registering a soaring growth of 38.7 per cent. According to the annual statistical book published by the Sharjah Department for Economic Development, the workforce of ...  >>MORE

Fujairah quarries must install air filters

Posted on 03/01/2002

Quarries in Fujairah emirate have been given until the end of March 2002, to install air filters and water spraying systems to bring down dust levels that are endangering the health of residents living near the site of rock crushers. The owners of more than 30 quarries in Fujairah attended a meeting at Fujairah Municipality two months ago, when they were ordered to take precautions against dust pollution, found to cause allergies, asthma and skin and eye diseases in children. Violators of the ...  >>MORE

UAE manufacturing sector witnesses steady growth

Posted on 09/12/2001

The UAE manufacturing sector has witnessed steady growth over the last five years with the number of operating factories doubling from 1,261 in 1995, to 2,153 in 2000. Workforce in these factories rose to 17,600 in 2000 from 9,7000 in 1995, + said special report prepared by Emirates News Agency Wam, on the occasion of the 30th anniversary of the UAE National Day. The report put investment in the sector at Dh 23.7 billion in 2000, with local investment accounting for Dh 19.4 billion, while ...  >>MORE

DCCI unveils new industrial directory

Posted on 27/10/2001

Dubai's industrial sector produced about 38.8 per cent of the country's manufactured goods and accounted for 16 per cent of the GDP last year, according to the Industrial Directory 2001 released yesterday by Dubai Chamber of Commerce and Industry. The directory estimated average cost of real estate investment at Dh146 and Dh450 per square metre for rented and constructed stores and warehouses respectively. It is Dh183 and Dh500 per square metre for rented and constructed pre-built factory ...  >>MORE

Furnishing imports to UAE soar

Posted on 03/10/2001

Total furniture, shopfittings and interior product imports to the UAE went up by 15 per cent to Dh3.61 billion (US$983 million) in 2000. The GCC market, meanwhile, grew 5.6 per cent to Dh10.33 billion (US$2.814 billion). The UAE's imports of furnishings constituted almost 35 per cent of total imports, according to dmg Index Exhibitions, organisers of the five-day Index 2001 & Arabshop 2001, to open at Dubai World Trade Centre (DWTC) tomorrow. Meanwhile, there are plans to organise a hotel ...  >>MORE

Investment in Dubai manufacturing hits Dh35.8b in 2000

Posted on 23/09/2001

Investment in Dubai's manufacturing sector totalled Dh35.8 billion last year. This compares with Dh12 billion reported in 1990, according to Dubai Chamber of Commerce and Industry data. UAE nationals made the bulk of these investments - Dh27.8billion or 77.7 per cent. Investments by investors in the other GCC states totalled Dh1.12billion for a 3.2 per cent share. Middle East countries invested Dh559million. Direct foreign investment came to Dh6.2billion or 17.6 per cent. Basic metals attracted ...  >>MORE

Gulf Craft bags Dh4 million order

Posted on 28/08/2001

The UAE-based Gulf Craft on Monday said it has bagged a Dh4million luxury yacht order from India's Taj Group of Hotels. Gulf Craft, one of the leading players in the Middle East boat and yacht industry will deliver the yacht to the Taj Group around mid-September. Gulf Craft, which began manufacturing in 1982, expects to considerably gain fro the launch of the Millennium 118 series yachts. Gulf Craft already sells its boats and yachts to 40 countries worldwide. Apart from the first of the ...  >>MORE

Textile village to come up in Ras Al Khor

Posted on 21/08/2001

A five million square feet of land in Ras Al Khor area has been allocated by Dubai government for the Textile Village project. Construction is set to commence by the end of summer and an area for possible future expansion is already accounted for. The projects total capital outlay will be Dh130 million, with provision for further investments. This does not include the cost of land, which was given free. The facility can accommodate 295 showrooms and stores, available in three sizes, of 2,500, ...  >>MORE

Major UAE cement firms hike prices

Posted on 08/07/2001

Major UAE cement manufacturers have agreed to raise prices an average 15 per cent, industry sources said yesterday. Ex-factory prices are now pegged at Dh126 per tonne loose and Dh146 bagged. The producers have also raised retail prices to Dh7.90 per 50-kilo bag from around Dh6.50-Dh6.75. The new prices took effect in mid-June. A spokesman for one manufacturer admitted that several major producers had got together to form a 'cartel-like' arrangement, but defended the action. "Cement prices ...  >>MORE

Al Ghurair Group plans $45m oil seed plant

Posted on 25/04/2001

The Al Ghurair Group on has announced the setting up of an oil seed crushing and extraction plant at a cost of $45 million (Dh165.6 million), one of the biggest in the world, as part of its ongoing diversification. The foundation stone for the new plant was laid by General Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Defence Minister, in the premises of the Al Ghurair Industrial Complex in Jebel Ali Free Zone. The new crushing plant will bring the total investment in the ...  >>MORE

GIC shelves plans to sell of factories

Posted on 03/04/2001

The General Industry Corporation, GIC, has temporarily shelved plans to privatise any of its industries due to unfavourable market conditions. Privatisation of any of GIC's industries of factories has been frozen due to the poor market situation at the moment, said Sheikh Hamad bin Tahnoon Al Nahyan, Chairman. GIC had earlier announced plans to privatise some of its factories. Meanwhile GIC's steel rolling mill will be up and running after June this year. The mill, currently in its final ...  >>MORE

DI set to start work on Aluminium mill

Posted on 13/01/2001

Dubai Investments, DI, will soon start work on implementing the US$120 million aluminium rolling mill that is expected to produce 60,000 tonnes of aluminium foil stocks daily. The company also plans to start work on its US$50 million edible oil and animal fodder plant in February. Dubai Investments will retain a 70 per cent stake with 30 per cent for foreign partners. Negotiations on the aluminium rolling mill is expected to be finalised within the first quarter of 2001 and preparations for ...  >>MORE

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