| |
United Arab Emirates: Continual growth underlines industrial sector |
|
2004-7-27
|
 |
Significant progress in the area of industrial development has been observed as the total number of industrial companies operating in the UAE rose to 2,795 during the year 2003 attracting investments worth Dh43,647millions while providing job opportunities to 2,12,697 persons.
This was revealed in the ''Statistical Industry Book 2004'' issued by The Industrial Development Affairs Department, Ministry of Finance and Industry, highlighting various aspects of nation''s industrial outlook from the year 1999 to 2003.
Nasser K bin Suwaidan, Director Industrial Affairs Department of the Ministry informed that the valuable document on country''s industrial sector, incorporated vital statistics on the industrial development taking place in the country.
In 1999, the book said about 1859 industrial companies were incorporated in the country, involving investments of Dh21,027 million giving jobs to 1,59,991 people. Since then the growth in numbers has been progressive and enviable.
The number of industrial companies grew to 2,334 in year 2001 with total investment of Dh28,454 million, employing 1,88,393 people. During the year 2002, the number of industrial companies crossed the mark of 2,509 attracting investments of Dh30,058 million and creating job opportunities for 1,96,606 people.
Percentage wise, during 2000 industrial firms grew by 15.8 per cent; 25.5 per cent in 2001; 35 per cent in 2002 while in 2003 the growth in number of companies exceeded 50.4 per cent.
Wood products including furniture 11.6 per cent; chemicals 9.2 per cent; textile 8.7 per cent recorded good growth.
The composition of industrial sector in the country suggests that fabricated metal & equipment is the biggest sector with a share of 25.1 per cent, followed by the food sector which has a contribution of 18.1 percent; non metallic mineral products 13.7 per cent; paper products 7.1 per cent; miscellaneous 4.4 per cent and basic metallic industries 2.1 per cent.
In terms of investments, with 33.1 per cent, chemical sector is the largest industrial sector followed by 20.5 per cent investments in the food industry while the basic metallic industries attracted 15.9 per cent investment. Of total, 15.6 per cent of investments went into the non-metallic sector, 7.5 per cent into the metal and equipment and 0.3 per cent into the miscellaneous sector. Wood and furniture investment stood at 3.5 per cent, textiles at 2.2 per cent and paper touched 1.4 per cent.
Of these approximately 61.2 per cent firms are limited liability companies; 30.3 per cent proprietorship; 5.5 per cent partnership; 2.4 per cent public joint stock companies. |
|
|
|
|
|
|
浙公網(wǎng)安33010602010414
