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posted on 24/07/2006
 Investment
in the UAE's industrial sector has jumped
140 per cent in five years, rising from
Dh28.45 billion in 2000 to Dh68.22 billion
by the end of 2005. At the same time, the
number of new industrial firms increased by
41 per cent - from 2,334 to 3,294. During
that period the sector saw a 30.4 per cent
increase in the number of workers.
The industrial
sector in Abu Dhabi fared well with a 416.4
per cent increase in investment, according
to a latest Ministry of Finance and Industry
guidebook. Industrial investment in the
UAE's capital rose from Dh7.45 billion in
2001 to Dh38.55 billion in 2005. The highest
rate of growth in the industrial sector -
793 per cent - was recorded in Fujairah.
Umm Al Qaiwain saw
the number of industrial units increase by
102 per cent while Dubai reported a 52 per
cent growth.
In a statement, Dr
Mohammad Khalfan Bin Kharbash, the Minister
of State for Financial and Industrial
Affairs, said: "The UAE has witnessed a huge
leap in the industrial sector during the
past five years, as per the economic policy
adopted by all major sectors and their
contribution to the national gross product."
Saeed Abdullah Al
Rokn, deputy director for the industrial
development department at the finance
ministry, said, "The large growth ... is
mainly centred in the food and chemical
material production. This also shows an
increase in the density of population and
development." Al Rokn said wood and
furniture manufacturing sector contributed
significantly to the increase in the number
of workers in the industrial sector. He said
the Ministry of Finance would issue a
guidebook on industrial services in both
Arabic and English in the middle of August.
He said more services would be launched for
the industrial sector before the end of
2006. |
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