57% growth in Abu Dhabi industrial facilities

iStock

Abu Dhabi’s industrial sector continues to register strong figures - thanks to the various incentives and business-friendly measures introduced by the government.

The number of facilities increased by more than 57 per cent year-on-year, with a combined investment value of around AED 6.3 billion.

Nearly 139 new industrial licenses were issued in 2019, with construction and glass, metals and plastics business accounting for the bulk.

The data has been released by Abu Dhabi‘s Department of Economic Development's Industrial Development Bureau (IDB).

More from Business News

News

  • UAE soldier dies during training mission

    The UAE Ministry of Defence has announced the death of soldier Issa Ghuloom Al Baloushi, who passed away during a training mission in the country on Saturday.

  • UAE expresses concern over military escalation in Sudan

    The UAE has expressed deep concern over the continued military escalation by the two warring parties in several areas of Sudan, including El Obeid, and the impact on civilians and the worsening humanitarian situation.

  • UAE steps up relief aid for Lebanon

    Under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE is sending humanitarian aid to people affected by the ongoing crisis in Lebanon through the UAE Aid Agency.