UAE industrial exports surge 48.7% to Dh116b

UAE industrial exports surge 48.7% to Dh116b

The contribution of the industrial sector to GDP reached Dh140 billion in 2021 and the ministry is on track to achieve the Industrial Strategy goal to increase the contribution of the sector to Dh300 billion by 2031, according to Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology

Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, said as a legislative and regulatory authority, the Ministry of Industry “works to create an investment, legislative and technical ecosystem that is conducive to the growth of the industrial sector. — File photo

Published: Mon 4 Apr 2022, 5:41 PM

The UAE’s industrial exports achieved a record growth of 48.7 per cent, rising to Dh116 billion in 2021 from Dh78 billion two years ago, Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, said.

The contribution of the industrial sector to GDP reached Dh140 billion in 2021 and the ministry is on track to achieve the Industrial Strategy goal to increase the contribution of the sector to Dh300 billion by 2031, the minister said in an interview.

He said one key achievement of the ministry was the implementation of the In-Country Value Programme (ICV) at the national level, which