Media ININ Economy We Trust
Media In – Abu Dhabi – 2 September 2018 / WAM/
The share of the manufacturing sector in the non-oil GDP at constant prices of the UAE increased to 11.8% at the end of 2017 compared to 11.7% in 2016 and 11.5% in 2015, according to statistics issued by the Ministry of Economy. The sector’s growth reflects the country’s significant achievements in the development of manufacturing industries over the past five years, which is one of the most important sectors supporting the diversification policy. The digital reading of the movement of the sector activity indicator shows that its gross product value increased to about AED 118 billion in 2017 and grew by 4.8% compared to AED 114 billion in 2016 These figures are all official indicators on which the world’s leading financial institutions specialize in analyzing the situation of countries that are diversifying their sources of income in the Middle East, including the UAE, which has an ambitious plan that has been supported by significant investments and advanced research and development. In the past few years, the UAE has provided the necessary infrastructure for the sector by creating a legislative environment that attracts investment in the manufacturing industries and the industrial sector in general, which contributed to the achievements that helped to make the country a competitive competitor in the sector.
