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THE ECONOMY - INDUSTRIAL DEVELOPMENT

Investment in Dubai's manufacturing sector touches Dh26.4 billion

Posted on 11/11/2005

The total capital investment in the manufacturing sector in Dubai touched Dh26.4 billion as of January 2005, with the total value of production touching Dh2.5 billion, according to a recent study of Dubai's manufacturing sector conducted by Dubai Department of Economic Development (DED), according to reports in the UAE's dailies. The study also outlined the industrial policy for the emirate, which is based on a long-term perspective of industrial development and envisages a gradual shift ...  >>MORE

Abu Dhabi leads Emirates in attracting investments

Posted on 10/10/2005

Abu Dhabi is the country's biggest investment magnet compared to other emirates, according to a representative of the Abu Dhabi Chamber of Commerce and Industry's Info Centre division. Investments in Abu Dhabi touched Dh34.3 billion last year, compared to Dh3.5 billion in 2000 – a remarkable growth of 872 per cent. Overall, industrial investments in the UAE have grown significantly by 166 per cent in the past four years, with the number of industrial firms rising from 2,153 in 2000 to ...  >>MORE

Investment in manufacturing grows 4% annually, says DCCI

Posted on 11/09/2005

Investment in Dubai's manufacturing sector has increased at an average of 4 per cent annually during the period 2000-04, the Dubai Chamber of Commerce and Industry said yesterday. In 2004, the sector had 1,177 manufacturing companies employing 83,079 workers, and represented an investment of Dh14.66 billion. While the sector is faring well, it faces several challenges, it said. In Dubai, the sector is dominated by medium sized firms (those with between 10 and 99 employees), which represent ...  >>MORE

Non-oil demand fuels manufacturing growth

Posted on 23/08/2005

The UAE's manufacturing sector grew by seven per cent in 2004 on the back of robust demand from the domestic non-oil sectors as well as a growing export market, the Emirates Industrial Bank said. The bank's report said the number of manufacturing units grew by about eight per cent in 2004 over the previous year and continues to maintain its leading position among the non-oil sectors. "In 2004, the non-oil economy grew at seven per cent accelerating from the 6.4 per cent achieved in 2003. We ...  >>MORE

UAE garment exports fetch Dh619 million in 2003

Posted on 23/07/2005

The UAE has become a major hub of textile and garment industry in the region with annual exports to world markets touching around Dh619.4 million in 2003, according to recent statistics. A report, published by the Information Centre of Abu Dhabi Chamber of Commerce and Industry, shows that the US tops the list of garment importers taking 29.9 per cent of UAE's exports followed, Canada, UK, Germany, Singapore, France, Holland, Spain, Saudi Arabia and Ireland in this order. In 2003, the UAE ...  >>MORE

Manufacturing sector grew 44 pc

Posted on 17/07/2005

Renowned for its oil richness and the dominance of the tourism and financial sectors, the growth and success of the UAE's manufacturing sector has been significantly overlooked. According to statistics published by the Ministry of Finance and Industry, 2004 saw investment in the manufacturing sector grow by over 44 per cent from Dh43.63 billion in 2003 to Dh62.98 billion in 2004. Abu Dhabi posted the largest growth in terms of investment in the manufacturing industry with a fantastic ...  >>MORE

Wafi to build residential towers

Posted on 12/07/2005

Wafi Mall, a major leisure and retail destination in Dubai, is planning a major investment that will see the construction of three to four large residential towers at the site, said a senior company official. The centre is already undergoing a Dh513.8 million expansion. Raffles Dubai Hotel is a project of Singapore-headquartered Raffles Hotels & Resorts, which is a collection of 15 luxury hotels located in major cities around the globe. Wafi Mall's new plans extend from the western side of ...  >>MORE

Industrial sector makes impressive progress

Posted on 04/07/2005

The industrial sector in the UAE has made remarkable growth in terms of the number of facilities and value of investment, according to Sheikha Lubna Al Qasimi, Minister of Economy and Planning. She said the manufacturing sector had been given proper attention and support from the authorities concerned since the creation of the UAE Federation in 1971. 'The number of industrial units rose to 3,036 in 2004 from 2,153 in 2000, up 41 per cent,' she said in a forward on the ‘Made in UAE industrial ...  >>MORE

Investment in UAE industry up 44.3%

Posted on 30/05/2005

Investment in the UAE's industrial sector increased 44.3 per cent in 2004 to nearly Dh6.3 billion compared with Dh4.3 billion in 2003, according to the UAE Industry Statistics Yearbook for 2005. Published by the Ministry of Finance and Industry, the yearbook said the number of industrial units increased to 3,036 in 2004 from 2,795 in 2003. The number of employees in the industrial sector also increased by 8.7 per cent to 230,000. The yearbook aims to emphasise the role of statistical data in ...  >>MORE

Dubai Industrial City launches TransPARK Dubai

Posted on 28/05/2005

Dubai Industrial City, DIC, has launched the TransPARK Dubai aimed at catering for the logistics needs of various sectors in the emirate. The new development is to complement the realization of Dubai's vision to catalyze economic growth through the development of new sectors, The TransPARK will provide a comprehensive range of state- of-the art services geared to support Dubai's role as a global distribution hub. TransPARK Dubai will be established within the Logistics and Services Zone of ...  >>MORE

Companies operating in UAE manufacturing sector rise

Posted on 03/02/2005

The number of companies operating in the UAE manufacturing sector rose to 2,795 companies in 2003, from 2,153 in 2000. The sector's share in the country's GDP also grew sharply to 15.4 per cent from 8.5 during the period, said a National Bank of Dubai study issued yesterday. Manufacturing activity grew at an average 13.4 per cent annually over the decade to 2002. Despite producing almost 20 per cent of the country's non-oil GDP, the manufacturing sector does not demand intensive employment ...  >>MORE

More industrial cities to come up in UAE

Posted on 12/12/2004

The UAE government has drawn up a strategy to ensure that the country's industrial development matches its achievements in other fields. The new strategy includes building a number of industrial cities to provide necessary infrastructure to face the challenges of globalisation. The Abu Dhabi Industrial City (ADIC) is one such facility, according to a report in Khaleej Times. Covering an area of about 14 square kilometres, ADIC is about 30 kilometres outside Abu Dhabi city. It has been ...  >>MORE

Capital of Sharjah industrial establishments rise to Dh 1.8 billion

Posted on 11/12/2004

Industrial firms in Sharjah grew 9.2 per cent in 2004 to 1,348 from 1234 in 2003, according to official figures. 'Capital of these firms rose 9 per cent in 2004 to Dh 1.8 billion against Dh 1.7 billion the previous year, The figures showed that the current year had seen the creation of new 114 industrial units. The metal products and machinery sector took the lead in terms of the volume and value of units over the past two years registering 333 units with total investment of Dh 359 million. ...  >>MORE

Unified industrial law coming

Posted on 18/10/2004

The long-awaited unified law to organise the AGCC industrial sector has finally been agreed upon and will soon be implemented, following its approval by Gulf economy ministries, according to a source close to the AGCC General Secretariat. The Technical Committee formed by the Ministries of Economy and Commerce of the six Arab Gulf Cooperation Council states, which convened in Riyadh, recently, approved the final draft of the law and immediately submitted it to the Supreme Economic and ...  >>MORE

Abu Dhabi Industrial City taps US$6-billion investment

Posted on 28/09/2004

The Abu Dhabi Industrial City (ADIC) has tapped investments to the tune of US$6 billion, according to economy officials here. Speaking at a conference on investment opportunities in Abu Dhabi organised by the Middle East Economic Digest (MEED) magazine yesterday, officials at the Abu Dhabi Economic Department said the emirate seeks to build an industrial base to support the economy. The conference today wound up a two-day of debate that focused on investment opportunities in Abu Dhabi ...  >>MORE

UAE gets Dh8.4 billion new industrial investments

Posted on 21/09/2004

The UAE recorded an amount of Dh8.4 billion in new industrial investments last year, the highest among the six member states of the Gulf Cooperation Council, GCC, according to the 2003 annual report of the Gulf Industrial Investment Organisation. The report, which was issued yesterday, said that new industrial projects and expansion of existing ones had grown sharply in the past few years, reaching 279 projects during the 2003, adding that the projects are mainly in the metal manufacturing ...  >>MORE

Investments in UAE factories set to surge 10pc

Posted on 14/09/2004

Local and foreign investment in factories in the country is expected to rise by at least ten per cent to more than Dh46 billion by the end of the year as more businessmen move to the UAE to take advantage of its growth. The total investment by local and foreign manufacturers in this country reached Dh43.647 billion last year. A senior official at the Ministry of Finance and Industry said the same percentage growth was also forecast for the number of factories, placing the number in the ...  >>MORE

UAE manufacturing sector contributes Dh36billion to GDP

Posted on 29/08/2004

In the UAE, the manufacturing sector contributed an estimated Dh36 billion to UAE's GDP in 2003, with 13.3 per cent share in the economy. Manufacturing sector is approximately 20 per cent of the entire non-oil economy. Last year, there were 2.795 manufacturing establishments with the Ministry of Finance and Industry, compared to 2,509 in 2002, according to a report by Emirates Industrial Bank. The manufacturing sector occupies a leading position in the non-oil economy and within and an ...  >>MORE

UAE's industrial sector posts 50pc growth in five years

Posted on 27/06/2004

The UAE's thriving non-oil manufacturing sector, which recorded investments totalling US$11.42 billion, representing some 11.3 per cent of GCC's total investments in the non-oil industrial sector, maintained its position as the second largest in the region after Saudi Arabia. The total non-oil industrial investment recorded by the six member countries till 2003 was US$101 billion, of which Saudi Arabia accounts for some 65 per cent at US$65.56 billion. Based on statistics compiled by the ...  >>MORE

Big increase in investment in Abu Dhabi industrial city

Posted on 31/03/2004

The total industrial investment in Abu Dhabi industrial city has increased exponentially to Dh. 5.5 billion attracting 355 major manufacturing companies with more than 30,000 workers. Further expansion plan of 10 square kilometres to add to the existing 14 sq km is under active implementation. Though in its infancy, the ADIC has shown remarkable progress attracting a large number of major international and regional investors and businesses from both inside and outside the UAE, according to ...  >>MORE

Tabreed to build Dh200m plant

Posted on 02/03/2004

Tabreed, the National Central Cooling Co - will soon build its fourth plant in Dubai to meet demand in the emerging Al Wusta area (military base) off Sheikh Zayed Road. The new Dh200 million plant with capacity of 30,000 tonnes will be completed in 14 to 18 months. According to Mohamed Darwish Al Qamzi, chief operating officer of Tabreed, the company has already allocated land in that area and the construction will start as soon as Tabreed secures enough contracts from land developers there as ...  >>MORE

Total of Dh44 billion invested in 2795 industrial installations by 2003

Posted on 24/02/2004

The number of Industrial factories registered with the Ministry of Finance and Industry by the end of 2003 reached 2,795 with a total investment of Dh44 billion and a working force of 213,000. In a press conference here, Shabib Ahmed Shabib, Director of the Ministry's Department of Development, said that the number of Industrial plants rose by 50.4 per cent over the last five years as a result of the 286 plants registered last year with an investment of Dh14 billion and a total of 16,000 ...  >>MORE

Agreement to develop industrial areas in Abu Dhabi signed

Posted on 10/02/2004

An agreement to develop the second phase of the industrial areas in Abu Dhabi was signed yesterday between the Economic Department and Singaporean Jurong International Consultancy office, JIC. Sheikh Hamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman of the Abu Dhabi Economic Department, signed for the UAE side while JIC's Chairman and CEO Er. Goh Song How signed for the Singaporean company. Sheikh Hamed, who is also Chairman of the General Industry ...  >>MORE

UAE becomes third largest industrial power in Arab world

Posted on 09/02/2004

The UAE has pumped more than US$8 billion into its manufacturing sector as part of economic diversification plans to become the third largest Arab industrial power. The investments covered a wide variety of small and medium products but chemicals and metals had the lion's share of the funds given their high profitability. By the end of 2002, public and private industrial investment in the UAE has totalled nearly US$8.6 billion, more than double the level 10 years ago. Official Arab data ...  >>MORE

Dubai Chamber issues industrial directory

Posted on 27/10/2003

The Dubai Chamber of Commerce and Industry (DCCI) has issued the Industrial Directory 2003-04 which introduces industrial companies and establishments in Dubai. The directory is published in Arabic and English and printed in one volume. It is also available on CD-ROM. It contains detailed information about the procedures for setting up an industrial establishment, integrated data relevant to the industrial sector, productivity and detailed statistics. In addition, it offers consummate data ...  >>MORE

UAE industrial output hits Dh73b mark

Posted on 01/10/2003

Production level of the UAE's manufacturing industry sector last year hit the Dh73 billion mark, compared to Dh67 billion recorded in 2000. This represents a growth of 4.5 per cent, while investment shot up over Dh10.4 billion last year, against Dh9.6 billion recorded in 2000, representing a growth rate of about 4.1 per cent. According to Sheikh Humaid bin Ahmed Al Mualla, Minister of Planning, the growth rate of the manufacturing industry's contribution to the country's GNP was high by ...  >>MORE

Ajman Ruler allocates Dh75m to fund sewerage project

Posted on 17/09/2003

His Highness Sheikh Humaid bin Rashid Al Nuaimi, Member of the Supreme Council and Ruler of Ajman has allocated Dh75 million from his own funds for the Ajman sewerage project. He also announced a 25 per cent discount on connection and registration fees to facilitate Ajman residents and held them benefit from the sewerage system. Sheikh Humaid announced this during his visit to the Sewerage Waste Water Treatment Plant on Monday. He also reviewed the construction of the plant which began in ...  >>MORE

UAE developing industrial sector to boost economy - ARBIFT

Posted on 20/07/2003

The UAE government is developing its industrial sector to suit its rapid growth in other commercial and services sector and further diversify the economy, the Arab Bank of Investment and Foreign Trade (ARBIFT) said in its annual report for the year 2002. Arbift chairman Dr Abdul Hafid M Zlitni said Free Zones have played an instrumental role in attracting manufacturing industries. There are 15 Free Zones in operation in the country, some focussing on specialised sectors like IT, media, gold and ...  >>MORE

UAE Industrial Affairs Law is being revised

Posted on 03/04/2003

The Industrial Affairs Law is being revised by the UAE Ministry of Finance and Industry. "The first draft of the revised law is being discussed with the chambers of commerce in Dubai, Abu Dhabi, Sharjah and elsewhere," Jamal Nasser Lootah, assistant undersecretary, stated yesterday. "It is also being discussed with expert consultants at the GCC level." He pointed out the earlier version had been issued in 1979. "Several changes have since taken place at both the global and regional levels, ...  >>MORE

Industry to get duty free service

Posted on 26/03/2003

Industrial and manufacturing firms in the UAE are being offered what are essentially duty-free import and export services, under an innovative scheme launched by the Ministry of Finance and Industry. "We have opened a high-speed electronic highway that remains open 24 hours a day, round the year, that offers UAE-based manufacturers single-window services access while affording instant tariffs-free facilities for their raw material supply imports and finished product exports, anywhere in the ...  >>MORE

Dh3b venture for township at Tecom

Posted on 17/03/2003

A new operating company - Dubai Pearl Development - will undertake a Dh3 billion project to develop an upscale township between Dubai Technology Free Zone and Palm Island. Qatar's Omnix Group is the main promoter behind the mammoth 'Dubai Pearl' project, coming up over a 10 million square foot area. Work is to start by summer and the project should be ready in three years. The latest venture takes the amount put in by private investors on realty projects in the Dubai Technology Free Zone to ...  >>MORE

Sector turnover rises to Dh21.95b

Posted on 09/03/2003

The annual turnover from Dubai's 1,186 manufacturing units, which required a total investment outlay of Dh18.73 billion over the years, rose to Dh21.95 billion, according to official statistics. Dubai is leading the UAE's manufacturing sector in terms of the number of units and turnover. About 79,433 people are employed in these units. According to a Bank of Sharjah report, revenue from the UAE's manufacturing sector rose to Dh29.36 billion ($8 billion) annually. The sector's contributions ...  >>MORE

Natural gas supplies to boost manufacturing sector

Posted on 09/03/2003

Supplies of natural gas from Abu Dhabi and Qatar to Dubai will encourage the emirate's manufacturing sector to establish new industries and develop some present ones. In fact, the arrival of natural gas will greatly boost the manufacturing sector, which, many traders felt, had not been given much attention, unlike tourism, hotels, banking services and insurance. The manufacturing sector will also receive a fresh boost with the introduction of Dubai's industrial action plan, currently under ...  >>MORE

Agreement to develop industrial parks in Abu Dhabi signed

Posted on 17/02/2003

An agreement to develop industrial areas in the Emirate of Abu Dhabi was signed in Abu Dhabi yesterday between the Economic Department and Singaporean Jurong International Pte Ltd (JIC). Sheikh Hamed bin Zayed Al Nahyan, Chairman of the Abu Dhabi Economic Department, signed for the UAE side while JIC's Chairman and CEO Er. Goh Song How signed for the Singaporean company. Under the nine-month contract, JIC will provide industrial development consultancy service which will include a strategic ...  >>MORE

Dh6b invested in Abu Dhabi non-oil sector in three years

Posted on 07/01/2003

Industrial investment in Abu Dhabi's non-petrochemical industry over the last three years was Dh6 billion and is set for further growth, said Sheikh Hamed bin Zayed Al Nahyan, chairman of the Abu Dhabi Economic Department. Also, Abu Dhabi is setting up an Expo Centre for national products which has been approved by His Highness Sheikh Khalifa bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. Speaking at the Sheikh Khalifa Industry Awards ...  >>MORE

UAE industrial sector set to grow, says minister

Posted on 27/10/2002

Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance and Industry, yesterday inaugurated the Big 5 construction show, which runs at the Dubai International Exhibition Centre (DIEC) until Wednesday night. Touring the show, which fills seven DIEC halls, Sheikh Hamdan praised the growth of the exhibition and said that Dubai is determined to retain its trade event hub status by providing state-of-the-art infrastructure facilities. He also went on to say that the ...  >>MORE

Dubai becomes industrial power

Posted on 19/09/2002

Dubai has emerged as the biggest industrial power in the UAE as it steps up its drive to attract capital and expand its manufacturing base to gradually replace unpredictable oil export earnings, official statistics showed yesterday. The emirate dubbed the Middle East's transhipment centre, accounted for almost half the UAE's industrial investment of around Dh28.5 billion, showed figures by the Ministry of Finance and Industry. "Dubai ranked number one in the Emirates in terms of the number of ...  >>MORE

UAE manufacturing holds 15.1pc of GDP

Posted on 12/09/2002

Buoyed by growing industrial investment, the manufacturing sector accounts for 15.1 per cent of the UAE's GDP, the second largest contributor after the mining (crude oil and natural gas) sector. Excluding the mining sector, the manufacturing sector's share of the GDP is 19.6 per cent. The manufacturing sector's output to the country's GDP (at base price) of Dh217.0 billion stood at Dh32.7 billion in 2001, the latest Central Bank figures showed. This, however, is slightly lower than the ...  >>MORE

Sharjah manufacturing sector records 12.9 pc growth in 2001

Posted on 26/08/2002

Sharjah manufacturing industries sector posted a 12.9 per cent growth last year with the total number of firms rising to 1,052 in 2001 from 931 in 2000, a recent statistical study showed. The study, compiled by Sharjah Economic Development Department, noted that the quantitative jump in the sector was accompanied by a qualitative breakthrough in the diversity in structure of the industrial sector, high quality performance and conformity with environmental requirements. 'As a result of these ...  >>MORE

Al Shirawi awards Dh20m contract to Fujairah firm

Posted on 15/08/2002

Al Shirawi Group of Companies has recently awarded a Dh20 million contract to Fujairah National Construction Co. (FNC) for the construction of their new industrial unit. For their industrial unit in which Dh60 million were invested, Al Shirawi Group, which has 22 companies, has leased out nearly 1.5 million square feet of plots in the industrial zone of Dubai Investment Park (DIP) near Jebel Ali, where several of its industries are being set up. The total built-up area of the industrial ...  >>MORE

Abu Dhabi to hold Industrial Week

Posted on 08/07/2002

An Industrial Week, which will include various business and industrial activities like exhibitions, seminars and the presenting of Sheikh Khalifa Industrial Award will be held here from November2 to 5. The Week, which will be held under the auspices of H.H. Sheikh Khalifa bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, is being organised jointly by the General Exhibitions Corporation, General Industries Corporation, the Ministry Finance and ...  >>MORE

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Quick List

Investment in Dubai's manufacturing sector touches Dh26.4 billion


Abu Dhabi leads Emirates in attracting investments


Investment in manufacturing grows 4% annually, says DCCI


Non-oil demand fuels manufacturing growth


UAE garment exports fetch Dh619 million in 2003


Manufacturing sector grew 44 pc


Wafi to build residential towers


Industrial sector makes impressive progress


Investment in UAE industry up 44.3%


Dubai Industrial City launches TransPARK Dubai


Companies operating in UAE manufacturing sector rise


More industrial cities to come up in UAE


Capital of Sharjah industrial establishments rise to Dh 1.8 billion


Unified industrial law coming


Abu Dhabi Industrial City taps US$6-billion investment


UAE gets Dh8.4 billion new industrial investments


Investments in UAE factories set to surge 10pc


UAE manufacturing sector contributes Dh36billion to GDP


UAE's industrial sector posts 50pc growth in five years


Big increase in investment in Abu Dhabi industrial city


Tabreed to build Dh200m plant


Total of Dh44 billion invested in 2795 industrial installations by 2003


Agreement to develop industrial areas in Abu Dhabi signed


UAE becomes third largest industrial power in Arab world


Dubai Chamber issues industrial directory


UAE industrial output hits Dh73b mark


Ajman Ruler allocates Dh75m to fund sewerage project


UAE developing industrial sector to boost economy - ARBIFT


UAE Industrial Affairs Law is being revised


Industry to get duty free service


Dh3b venture for township at Tecom


Sector turnover rises to Dh21.95b


Natural gas supplies to boost manufacturing sector


Agreement to develop industrial parks in Abu Dhabi signed


Dh6b invested in Abu Dhabi non-oil sector in three years


UAE industrial sector set to grow, says minister


Dubai becomes industrial power


UAE manufacturing holds 15.1pc of GDP


Sharjah manufacturing sector records 12.9 pc growth in 2001


Al Shirawi awards Dh20m contract to Fujairah firm


Abu Dhabi to hold Industrial Week