UAE – 29 industrial establishments in Abu Dhabi enter into production...

UAE – 29 industrial establishments in Abu Dhabi enter into production...
UAE – 29 industrial establishments in Abu Dhabi enter into production...
(MENAFN – Al-Bayan) Date: October 11, 2020 The performance indicators of the industrial sector in Abu Dhabi achieved, during the first half of this year, an increase in the number of new industrial licenses in the categories of ‘industry pioneer’ and ‘under construction’, by 18% and 33%, respectively, compared to the same period last year. 29 licenses went into production during the same period, with a total investment value of 2.6 billion dirhams.

This came according to the results of the report of the industrial sector performance indicators in the emirate for the first half, issued by the Industrial Development Office of the Department of Economic Development in Abu Dhabi.

His Excellency Muhammad Ali Muhammad Al Shurafa Al Hammadi, Head of the Department of Economic Development in Abu Dhabi, said that the report clearly indicates an increase in most of the performance indicators in the industrial sector in Abu Dhabi, despite the repercussions of the Coronavirus Covid-19 pandemic on the regional and global economies.

He added that the positive indicators reflected in the report confirm the success of the qualitative initiatives recently launched by the government of the Emirate of Abu Dhabi and implemented by the Department of Economic Development in Abu Dhabi, in partnership with a number of government agencies, with the aim of promoting the process of sustainable economic development and ensuring business continuity in the emirate.

Rashid Abdul Karim Al Balushi, Undersecretary of the Department of Economic Development in Abu Dhabi, explained that despite the repercussions of the ‘Covid 19 crisis, on various business sectors, the report of the Industrial Development Office showed that the number of licenses that were transferred to a’ under construction ‘status during the first half reached 32 registered licenses, an increase of 33%, compared to the number of licenses during the same period last year, which reached 24 licenses.

He said: “The report monitored a remarkable increase in the investment value index of the licenses transferred to the status of ‘Under construction’, as their investment value reached 570 million dirhams, compared to the same period last year, which amounted to 138 million dirhams, which clearly reflects the increase in investor confidence in the industrial sector. In Abu Dhabi.

He pointed out that the number of licenses that entered into production during the first half reached 29 licenses, with a total investment value of 2.6 billion dirhams, compared to about 32 licenses during the same period last year, which reflects the stability of the industrial sector growth in Abu Dhabi, despite the pandemic, Noting that the office is currently working on converting 10 industrial licenses from the ‘under construction’ status to the ‘production’ state.

Muhammad Munif Al Mansouri, Executive Director of the Industrial Development Bureau, affirmed the office’s keenness to continue its efforts in support of the industrial sector, in a way that enhances performance indicators and the competitiveness of Abu Dhabi’s economy regionally and internationally.

He referred to the licenses statistics mentioned in the report, as the total number of industrial licenses issued in Abu Dhabi until the end of the first half reached about 1,608 licenses, distributed over 829 licenses with a status of ‘production, 539 licenses with a status of’ under construction, and 240 new licenses’ for industry pioneers, explaining that The new industrial licenses’ industry leaders, constituting 14.93% of the total number of industrial licenses issued and registered at the level of the Emirate of Abu Dhabi.

He added that the office issued 12,412 customs exemption certificates, compared to 12,440 certificates during the same period last year, which reflects the stability of the rate of customs exemption requests in light of the current crisis, and the positive continuity of the operational and construction operations of the factories.

He stated that Abu Dhabi acquired 21 new industrial establishments, which entered production during the first half, while Al Ain City and Al Dhafra Region registered 4 new industrial establishments each.

He pointed out that the new industries that entered into production in Abu Dhabi included 4 industrial facilities for constructions and glass, 3 facilities for food industries, 4 chemical industrial facilities, 5 metal industries, 4 equipment and machinery industrial facilities, 4 general industries facilities, in addition to one facility for each From the textile, clothing and leather industries, to the rubber, plastic and fiberglass industries, to the timber industry, to the energy and sustainability industry, to the electronic and electrical industries.

The report said that the industrial licenses were in the status of ‘production,’ which were distributed among 642 licenses in Abu Dhabi, 162 licenses in Al Ain, and 25 licenses in Al Dhafra region, while industrial licenses were distributed in the status of ‘under construction,’ 379 licenses in Abu Dhabi, 139 licenses in Al Ain, and 21 A license in the Al Dhafra region.

The report indicated that the industrial licenses, in their two states’ under construction and ‘production,’ were concentrated in Abu Dhabi city at a rate of 74.6%, of the total industrial licenses in the emirate, followed by Al Ain city by 22%, and Al Dhafra region by 3.4%.

The report stated that most of the industrial licenses in the Emirate of Abu Dhabi belong to the construction and glass industries, with a percentage of 20.1% of the total industrial licenses in the emirate, followed by the metallurgical industries by 18.1%, and the chemical industries come in third place, at 10.6% of the total industrial license that was issued. At the emirate level.

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