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FINANCIAL NEWS
Abu Dhabi receives 16 industrial facilities in H1 at Dh3.8bn
06 Aug 2017
(MENAFN) The Industrial Development Bureau proclaimed that 16 industrial facilities entered production in Abu Dhabi in the first half of this year at an investment of more than Dh3.8bn.
Moreover, new industrial licenses posted at the bureau increased 133 percent to 21, with Abu Dhabi getting the bulk at 12, Al Ain with 7 and Al Dhafra with 2.
Additionally, the UAE is eyeing to reduce the proportion of energy revenues to whole GDP by 10 percent over the coming 10 to 15 years.
Khalifa Industrial Zone Abu Dhabi inked 20 new deals in 2016 and Abu Dhabi Ports, which operates the free zone, currently inked a 50-year deal with the Chinese Jiangsu Co.
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