(The Khaleej Times)
The new investments coming into Abu Dhabi despite the pandemic situation impacting economies and investments around the world, reflect investors’ confidence in the emirate.
Abu Dhabi’s industrial sector contributed 10.7 per cent to non-oil GDP in 2020 and 6.3 per cent to overall GDP, according to the Industrial Activity Index Report for 2020.
The report, issued by the Industrial Development Bureau of Abu Dhabi Department of Economic Development, revealed that 51 industrial facilities started production last year with a total investment of Dh3.9 billion.
Overall, 35 facilities went into production in Abu Dhabi, 11 in Al Ain and 5 in Al Dhafra, reflecting the growing role of the industrial sector in driving the emirate’s sustainable economic development. Metal, food and chemical, and equipment and machinery accounted for half of the new facilities.
” Join our Business Discussion & Sharing Group on LinkedIn “