Industrial sector contributed 11% to Abu Dhabi's non-oil GDP in 2020

In 2020, 51 industrial facilities began production in the emirate, according to Abu Dhabi's Department of Economic Development

  
Image used for illustrative purpose. Skyscrapers in Abu Dhabi.

Image used for illustrative purpose. Skyscrapers in Abu Dhabi.

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The industrial sector contributed nearly 11 percent to Abu Dhabi’s non-oil GDP and 6 percent to overall GDP in 2020, according to official data released on Tuesday.

According to the Industrial Activity Index Report 2020 published by Abu Dhabi's Department of Economic Development, the total value of investments in the industrial sector was 4 billion dirhams ($1.01 billion). In 2020, 51 industrial facilities began production in the emirate, the department said in a tweet.

Abu Dhabi, which derives more than 50 percent of GDP from the hydrocarbons sector, is seeking to diversify its economy. It has set up various initiatives to boost industry and manufacturing within the emirate. 

(Writing by Brinda Darasha; editing by Seban Scaria)

brinda.darasha@refinitiv.com

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