Ajman’s non-oil GDP rises 3.6%

Ajman’s non-oil GDP rises 3.6%

The manufacturing sector contributed 39.1 percent of the GDP growth, while the construction sector contributed 14.3 percent, the wholesale and retail trade sector 7.2 percent and the tourism sector 4.6 percent.. The growth rates stressed the flexibility of the economy of Ajman in light of the global economic challenges, as government efforts contributed to the sustainability and the reinforcement of the investment movement and the establishment of businesses across various activities.. The report revealed that the annual growth rate of the total fixed capital formation accounted for 2.9 percent in 2018, with an annual growth rate of 4.9 percent for the 2014-2018 period.. Investments in the manufacturing industries achieved a growth of 3.1 percent in 2018..