UAE: Strong growth seen in Abu Dhabi’s industrial sector in first half of 2022

UAE: Strong growth seen in Abu Dhabi’s industrial sector in first half of 2022

The emirate is investing Dh10 billion to double the size of its manufacturing sector to Dh172 billion by 2031

Published: Mon 12 Sep 2022, 3:09 PM Last updated: Mon 12 Sep 2022, 3:55 PM

Abu Dhabi's industrial sector registered strong growth in the first half of the year, with the number of new licences reaching 136, according to a new report.

There were 62 establishments that are transitioning to the construction phase, and 44 factories that moved from under-construction to in-production, as revealed by the manufacturing report issued by the Industrial Development Bureau (IDB), which is part of the Abu Dhabi Department of Economic Development (Added).

By the end of June, there are 866 active in-production licences.

Among industrial establishments that switched to in-production stage, the total value of capital expenditures (Capex) nearly tripled — rising to Dh3.1 billion, compared to Dh1.03 billion in the same period last year.

“The industrial sector is the largest contributor to Abu Dhabi’s non-oil GDP in addition to its role in creating jobs and enhancing knowledge and innovation-driven initiatives," said Rashed Abdulkarim Al Blooshi, undersecretary of Added.

“We are building on these successes and will continue our efforts to ensure ease of doing business, support industrial financing, and FDI attraction to