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FINANCIAL NEWS
UAE- 2011’s industrial shipments rise 16.1%
17 Dec 2012
(MENAFN) The UAE’s Ministry of Foreign Trade stated that the country’s industrial exports, excluding gold bullion, jumped by 16.1 percent last year to USD13.71 billion, reported Gulf News.
Head of the ministry’s trade promotion department, Mohammad Nasser Hamdan Al Zoaby, said that the UAE’s gross domestic product (GDP) for the manufacturing sector exceeded USD27.21 billion.
Al Zoaby said that the country has developed to a regional and global center for attracting specialized expos and conferences in order to encourage trade and take advantage from the experiences of others, create dialogue and to convey technology into the nation.
It is worth noting that in 2010, the UAE’s industrial exports reached USD11.81 billion, excluding gold bullion.
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