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FINANCIAL NEWS
UAE targets 25 percent manufacturing input to GDP by 2025
04 Jun 2015
(MENAFN) The United Arab Emirates is presently aiming at a contribution of 25 percent from its manufacturing sector to the country’s GDP by the upcoming ten years, Gulf News reported.
The current manufacturing contribution to GDP stands at 11 percent. The UAE is set to implement and create national policies that can help in achieving a more stable and sustainable growth, according to the country’s Economy Minister.
“Manufacturing and the knowledge-based and innovative industrial sector currently account for around 11 per cent of total UAE GDP, with the aim of growing this to 20 per cent in 2020, and 25 per cent in 2025,” the Minister said in a statement.
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