UAE – Mubasher: Contribution of the UAE’s manufacturing sector to the country’s non-oil gross domestic product (GDP) reached AED 122 billion in real prices in 2018, up 2.5% from AED 119.7 billion in 2017, data by the Federal Competitiveness and Statistics Authority showed.
Over the past five years, the manufacturing sector has maintained a healthy growth, with its gross output increasing 5% year-on-year in 2017 and manufacturing industries grew by 4.8%, Emirates News Agency (WAM) reported.
It is worth noting that Abu Dhabi’s Industrial Activities 2018 report previously showed that the industrial sector in the emirate had grown significantly in 2018 with a growth rate of manufacturing industries advancing to 5.9%.
The sector had witnessed the entry of 42 industrial facilities with total investments of AED 12.3 billion last year, the report added.
The emirate’s manufacturing sector of non-oil GDP had become the third largest contributor in GDP’s non-oil industries in the oil-rich emirate with an added value of AED 49.3 billion in 2018, compared to AED 46.5 billion in 2017.
