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THE ECONOMY - INDUSTRIAL DEVELOPMENT

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

Fujairah manufacturing sector grows

Posted on 28/05/2002

More than one-third of the factories in Fujairah produce non-metallic mineral products that comprise mainly building material, according to the statistical yearbook of 2001 recently released by the Fujairah Department of Statistics and Planning. In second place, accounting for about 15 per cent of the factories, is the sector dealing with food, beverages and tobacco, chemical and plastic products, as well as fabricated metal and equipment. Textiles, ready-made garments and leather rank third, ...  >>MORE

Ajman launches Dh515m privatised utility project

Posted on 02/05/2002

The Ajman government yesterday launched a major privatisation effort with His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council member and the Ruler of Ajman, enacting a law to facilitate construction of a Dh515 million sewerage treatment system with the involvement of the emirate's property owners and residents. The project involves the construction of a modern sewerage treatment plant and more than 15 individual pumping stations and laying over 200km of pipelines to connect over ...  >>MORE

Survey rings alarm bell on industrial jobs

Posted on 02/04/2002

The UAE has pumped nearly US$10 billion into industrial projects as part of a long-term economic diversification drive, but the sector could face problems because of the heavy reliance on foreign labour, an official study warned. Such massive investments have created more than 180,000 jobs, but UAE nationals have grabbed just below one per cent of them, according to Industry Affairs bulletin of the Ministry of Finance and Industry. While growth in the industrial labour is expected to slow ...  >>MORE

GCC industrial investments triple

Posted on 29/03/2002

Industrial investments in the GCC nearly tripled over the past decade to approach US$100 billion as the countries pushed ahead with a drive to boost revenue and immunise their economies against volatile oil sales. From around US$33 billion in 1990, the cumulative capital pumped in the GCC's manufacturing sector leapt to nearly US$98 billion by end-2001, according to Doha-based Gulf Organisation for Industrial Consulting (GOIC). Saudi Arabia emerged as the biggest industrial power, accounting ...  >>MORE

Sharjah industries record good growth

Posted on 16/02/2002

Based on the licenses registered with the Sharjah Chamber of Commerce and Industry, the number of factories has risen more than seven times, from 74 enterprises in 1974-78 to 571 in 1995. In 1998, that number was estimated at 821 factories and it reached 931 in 2000, an increase of 4.3 per cent per annum. These are based on the statistical book 2000-01 published by the Sharjah Economic Development Department. Meanwhile, the number of employees has risen from 47,631 in 1998 to 51,158 in ...  >>MORE

Factories operating in Sharjah rise

Posted on 16/02/2002

The number of factories operating in Sharjah increased 13.4 per cent compared with 1998 figures, according to the statistical yearbook for 2001-2002 released by Sharjah's Economic Development Department. As a result of this expansion, the number of employees working in the manufacturing sector rose by 7.4 per cent. The amount invested in this sector was up 1.4 times in 2000 compared with the Dh10 billion invested in 1998. The top three sectors that dominated the manufacturing industries are ...  >>MORE

RAK Deputy Ruler sets up service fund

Posted on 19/01/2002

A new fund to improve and support the different services in the northern industrial areas of Ras Al Khaimah was introduced yesterday by the government. Sheikh Khalid bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, who announced the launch of the fund, said that the six major cement factories, rock quarries and gas company will contribute Dh1 million each to fulfil their social responsibilities towards the residents of these industrial areas. The Ras Al Khaimah Gas ...  >>MORE

Registered industrial units in Sharjah expected to grow

Posted on 24/12/2001

Sharjah continues to maintain its lead position as regards the number of registered industrial units, with this year projected to witness a 10 per cent increase, the Industrial Products Directory 2002 just issued estimated. The emirate now houses 45 per cent of the UAE's total industrial units, it said. With 94 new projects being added to the 866 existing industrial firms which effected renewals during the course of the year, the total at year-end is expected to stand at 960, it added. ...  >>MORE

Dubai Aluminium plans major expansion

Posted on 13/11/2001

Dubai Aluminium Co (Dubal) is considering a new expansion to increase production capacity by another 150,000 tonnes. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance and Industry, opened the three-day 10th Arab Aluminium Conference (Arabal) in Dubai yesterday. Confirming the proposal, Sheikh Hamdan said: "A replacement plan for units which are 20-year-old is on and after the completion of plan, production will rise by 30 per cent. Dubal expansions will be ...  >>MORE

Steel plant to start in 2002

Posted on 11/11/2001

The just commissioned Emirates Iron & Steel Factory plans to start commercial production early next year and plans to invest an additional Dh110 million to expand its product range, officials said. Performance test will take place by the end of this year and commercial production of 250,000 tonnes per year will start in the first quarter of 2002, gradually going up to its full capacity of 500,000 tonnes per year. Dh300 million was invested in the first phase to produce reinforcing bars that ...  >>MORE

UAE industry sector set for solid growth

Posted on 04/11/2001

The UAE's industrial sector is to witness massive growth in coming years, going by IMF estimates on the non-oil sector recording a 6.5 per cent growth. The non-oil sector's growth was recorded at 6.2 per cent in 2000 and 6.9 per cent in 1999. Inflation is not expected to exceed 1.1 per cent and therefore, the industrial sector is set to grow in the coming years, said Dr. Mohammed Khalfan bin Kharbash, UAE Minister of State for Financial and Industrial Affairs. Kharbash said the ministry is ...  >>MORE

Rise in number of industrial establishments

Posted on 01/10/2001

The number of new industrial establishments registered in the UAE totalled 2,152 last year, with investments grossing Dh24 billion. The corresponding numbers for 1999 were 1,800 odd establishments and Dh21 billion respectively, according to the latest data. Dubai accounted for more than half of the total investments into industrial projects last year with Dh12.7 billion, for a 53.8 per cent share. In 2000, Dubai had 793 industrial firms, while Sharjah followed with 685. Abu Dhabi registered 220 ...  >>MORE

Ducab to be wholly owned by the UAE

Posted on 01/08/2001

Ducab to be wholly owned by the UAE General Industry Corporation of Abu Dhabi will buy back the 30 per cent stake held by the UK-based Balfour Beatty Group in Dubai Cables Company (Ducab), paving the way for the electrical cable major to become a wholly UAE-owned company. After the buyout Ducab will be fully owned by the Dubai and Abu Dhabi governments. Ducab notched up 33 per cent higher sales in 2000 at Dh404 million against Dh300 million in 1999. "We are extremely pleased with this ...  >>MORE

Dubai Municipality sets up office to review policies

Posted on 18/07/2001

Dubai Municipality has created a new office under its organisational structure to draw up and review policies, plans and programmes of the civic body to ensure that they are updated and do conform to the comprehensive work system of the municipality. A decision to this effect was issued by Qassim Sultan, Director General of Dubai Municipality. The new unit, named Co-ordination and Development Office, will report to the second assistant of the director-general of the municipality. Its tasks ...  >>MORE

Three projects worth US290m to be set up

Posted on 26/06/2001

Dubai Investments has many irons in the fire, key among these being three industrial projects totalling Dh1.06 billion (US$290 million) according to Khaled bin Kalban, CEO. These comprise a Dh477 million (US$130 million) project tentatively titled Dubai Calcined Coke Co. or Dulco; a Dh404 million (US$110million) aluminium rolling mill; and a Dh184 million (US$50 million) Edible Oil Co. The public joint stock company – fast taking on the attributes of a group, with, currently, at least nine ...  >>MORE

Number firms in Dubai industrial sector rises 7.2 per cent

Posted on 23/06/2001

The number of firms operating in Dubai's industrial sector rose 7.2 per cent to 878 last year, according to the latest National Bank of Dubai economic report issued yesterday. The value of fixed capital in the sector touched Dh16.2 billion, it said. Despite this growth — which also led to a 4.7 per cent increase in jobs to 84,460 — production fell 1.4 per cent from Dh23.4 billion in 1999. The report attributed the decline to a sharp 11 per cent shrinkage in sales to other GCC countries. ...  >>MORE

Fujairah Building Industries signs deal with German firm

Posted on 17/06/2001

Fujairah Building Industries Co, FBIC, has signed a contract with a German company to buy a complete new factory to produce cement blocks and interlock pavers, at a total cost of Dh10million. The contract was signed by Mohammed Obeid bin Majid, Chairman of FBIC and Director of the Fujairah Department of Industry and Economy and Wolfgang Gill, Managing Director of OMAG, the German company which sold the new factory. The new factory is expected to start production in February 2002. FBIC ...  >>MORE

Sharjah centre Phase-I work begins; Project estimated to cost Dh400m

Posted on 23/05/2001

Work on the first phase of the Sharjah World Trade and Expo Centre in the Al Khan area, being built at an investment of Dh100 million has started, officials said on Tuesday. "Sharjah has been a pioneer in the exhibition industry ever since we acquired the Expo Centre Sharjah in 1977," said Ahmed Mohammed Al Midfa, chairman of the Sharjah Chamber of Commerce and Industry (SCCI) at a press conference. The first phase will comprise exhibition halls with facilities including areas for ...  >>MORE

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