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Thirty-seven projects covered by industrial licences entered into production in the Abu Dhabi emirate last year, 85 percent higher than in the previous year, it has been announced.
The total investment value of the new licences was estimated at Dh6.4 billion ($1.74 billion) distributed among 29 factories in Abu Dhabi, six in Al Ain and two in the Al Dhafra area, a Wam news agency report said quoting official data.
The figures were announced in the annual report on the Industrial Activity Movement in the emirate of Abu Dhabi, released by the Industrial Development Bureau of the Department of Economic Development (DED).
By the end of 2017, a total of 1,647 industrial licences were operational in the emirate, including over 1,157 licences in Abu Dhabi, 398 licences in Al Ain, 47 licences in Al Dhafra, and 45 licences for industry pioneers.
The report said that licence activities included over 160 for chemical industries, 428 for metal industries, 393 building materials licences, 210 for fibreglass, plastic and sponge, 176 for wood, cardboard and paper industries, 125 for food industries, 86 equipment and devices licences, 43 licenses for clothing and leather industries, and 26 Recycling Industries licences.
Khalifa bin Salem Al Mansouri, the Under-Secretary of the DED, noted that Abu Dhabi was keen to enhance the role of the industrial sector as one of the main engines of the emirate's economy by targeting particular industrial areas, some of which depend on major existing industries in Abu Dhabi, in line with the strategic plan objectives adopted by the Industrial Development Bureau.
The report included a number of indicators, the most important showing that 86 new licences were issued in 2017, up from 22 in 2016. Thirty-seven licences moved to the production stage, compared to around 20 in 2016.
As many as 684 licences for projects already in production were renewed, up from 650 in 2016, while 287 licences in the ‘under process’ stage and yet to come into production were renewed, up from around 257 the previous year.
Copyright 2014 www.tradearabia.com
The total investment value of the new licences was estimated at Dh6.4 billion ($1.74 billion) distributed among 29 factories in Abu Dhabi, six in Al Ain and two in the Al Dhafra area, a Wam news agency report said quoting official data.
The figures were announced in the annual report on the Industrial Activity Movement in the emirate of Abu Dhabi, released by the Industrial Development Bureau of the Department of Economic Development (DED).
By the end of 2017, a total of 1,647 industrial licences were operational in the emirate, including over 1,157 licences in Abu Dhabi, 398 licences in Al Ain, 47 licences in Al Dhafra, and 45 licences for industry pioneers.
The report said that licence activities included over 160 for chemical industries, 428 for metal industries, 393 building materials licences, 210 for fibreglass, plastic and sponge, 176 for wood, cardboard and paper industries, 125 for food industries, 86 equipment and devices licences, 43 licenses for clothing and leather industries, and 26 Recycling Industries licences.
Khalifa bin Salem Al Mansouri, the Under-Secretary of the DED, noted that Abu Dhabi was keen to enhance the role of the industrial sector as one of the main engines of the emirate's economy by targeting particular industrial areas, some of which depend on major existing industries in Abu Dhabi, in line with the strategic plan objectives adopted by the Industrial Development Bureau.
The report included a number of indicators, the most important showing that 86 new licences were issued in 2017, up from 22 in 2016. Thirty-seven licences moved to the production stage, compared to around 20 in 2016.
As many as 684 licences for projects already in production were renewed, up from 650 in 2016, while 287 licences in the ‘under process’ stage and yet to come into production were renewed, up from around 257 the previous year.
Copyright 2014 www.tradearabia.com
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