Investments in UAE industries increased by 29.2 billion AED in 2010

The UAE has recorded strong growth in the industrial sector in 2010 where the industrial investments increased by "29" billion "24" million AED with an increase of 35.76 %. H.E Sultan Bin Saeed Al Mansoori, the UAE Minister of Economy said that the Ministry has adopted an effective strategy to develop the performance of the Industrial sector in order to increase its contribution in the GDP to 25% in the coming years.

His Excellency was speaking on the occasion of the issuance of "semi-annual report for 2011 from the Industrial Affairs Sector" in the ministry. According to the report, the industrial licenses department at the ministry has approved during the first half of this year the renewal of "225" licence and issued "1375" industrial licenses and issued "3000" customs exemptions.. 

The Ministry has also completed industrial licensing system, which allows access to the initial approval and renewal of the license and industrial renewal and payment of registration in the system of industrial licensing and exemption of customs service. 

On this occasion, HE Abdullah Sultan Al Fan Al  Shamsi adviser of the Industrial Sector at the ministry said the ministry was keen to complete the process of linking the electronic licensing system in the ministry and government departments, pointing out that the first meeting between the management of industrial licensing in the ministry and the Higher Corporation for Specialized Economic Zones discussed the mechanism of linkage with the Ministry. He also said that the Ministry has provided statistical tables for industrial facilities listed in the industrial registry in the Ministry for the year 2010 and the completion of technical material for the industrial book and statistical directory for 2011. 

Mr Al Fan said, the number of transactions and revenue obtained by legal persons during the first half of this year, "5" thousands and "22" transaction with a revenue amounted to four billion, "306" millions AED, while the number of transactions completed were"489" transaction with a revenue amounted to "194" million "650" thousand AED. 

According to the report, the number of industrial establishments operating in the UAE until December 31, 2010 are about "4960" with an  investment volume reached "101" billion and "189" million AED, distributed all over the UAE, with an increase of "316" facilities compared with 2009's number "4644" facility with an investment volume reached "81" billion and "165" million AED. 

According to the report, titled "The development of industrial activities from 2006 to 2010" it has seen that the industrial sector in recent years has witnessed remarkable developments in terms of the number of establishments and investments and the competiveness of industrial products have been increased and competed with foreign products in domestic and global markets. 

According to the report, the number of industrial establishments in 2006 reached "3567" facility with investment volume of  "70" billion "424" million AED and the number of workers "264" thousand  and "719" and in 2007 the number of industrial establishments reached "3852" and the size of investment were "72" billion "635" million AED and the number of workers reached "288" thousand and "180" and in 2008 the number of industrial establishment were "4219" and  the size of investment has reached "77" billion "45" million AED and the number of workers has reached "317" thousand  and 841 " and in 2009 the number of establishments were around," 4644 "facility with an investment volume of 81 "billion" and 165 "million AED and the number of workers have  reached" 347 thousand and" 269.

Mr Al Shamsi said last year witnessed the establishment of "316" facility spread over all the Emirates, which demonstrates the success of the efforts of the federal government and local governments in order to develop the industrial sector, stressing that the Ministry supports the industrial sector in all Emirates, stressing that the increase in investment was in 2010, "29" billion "24" million AED with an increase by 35.76 % which reflects the attractiveness of the national economy.