Industrial investments in Um Al-Quwain at $95 million
Industry sources reveal that 44 industrial facilities, with investments totaling 351 million Emirati dirhams ($95.5 million), were registered in the Emirate of Um Al-Quwain in 2000.
These investments, according to the Emirates’ Ministry of Treasury and Industry, constituted a mere 1.5 percent of overall industrial investments in the UAE, reported Al-Ittihad daily.
The coastal Um Al-Quwain, is one of UAE’s seven emirates. It stretches over 777 square kilometers and is the second smallest emirate in size. Um Al-Quwain’s fishing industry continues to be its most important economic activity, while date cultivation continues as well. — (Mena Report)
© 2001 Mena Report (www.menareport.com)