UAE industrial sector adds $54bn to economy in 2023, up 9% 

UAE industrial sector adds $54bn to economy in 2023, up 9% 

RIYADH: The UAE’s industrial sector contributed 197 billion dirhams ($54 billion) to the country’s gross domestic product in 2023, up 9 percent compared to 2022 figures. 

Announced by the Ministry of Industry and Advanced Technology, this boost is mainly attributed to four main pillars, including providing a business-friendly environment that supports the growth and attractiveness of UAE firms, the Emirates News Agency, also known as WAM, reported.  UAE industrial sector adds $54bn to economy in 2023, up 9%