Abu Dhabi's industrial sector contributed 10.7 per cent to the emirate's non-oil gross domestic product in 2020, largely due to the government's efforts in promoting the industrial sector.
Fifty one industrial facilities started production last year with a total investment of Dh3.9 billion ($1bn), the Industrial Development Bureau of Abu Dhabi Department of Economic Development said in a statement on Tuesday.
Industries related to food and chemicals, metals and machinery as well as construction and glass dominated the list.
“Despite the repercussions of Covid-19 that have impacted economies and investments around the world, the new investments in Abu Dhabi’s industrial sector reflect investors’ confidence in the emirate’s investment climate,” Mohammed Al Shorafa, chairman of Abu Dhabi Department of Economic Development, said.
Abu Dhabi, which holds about 5.6 per cent of the world’s proven oil reserves, is positioning itself as a technology and industrial hub. It has also introduced various initiatives over the past few years to encourage local manufacturing to improve self-sufficiency.
Of the total number of industrial facilities that started production last year, 35 were based in Abu Dhabi, 11 in Al Ain region and five in Al Dhafra.
The report also showed 283 new industrial licences were registered in Abu Dhabi in 2020. This included 171 ‘industry pioneer’ licences, 61 ‘under construction’ licences and 51 were related to ‘production’ licences.
Abu Dhabi currently has 1,694 industrial licenses registered.
Last year, IDB signed a number of agreements with strategic entities and partners to support Abu Dhabi's industrial sector, including a deal with Etihad Credit Insurance Company to boost exports. It also signed an agreement with 10 banks to help domestic factories and businesses access finance.
Abu Dhabi also rolled out a new initiative in January to promote locally-made products in an effort to achieve self sufficiency in the production of basic goods.
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Marathon results
Men:
1. Titus Ekiru(KEN) 2:06:13
2. Alphonce Simbu(TAN) 2:07:50
3. Reuben Kipyego(KEN) 2:08:25
4. Abel Kirui(KEN) 2:08:46
5. Felix Kemutai(KEN) 2:10:48
Women:
1. Judith Korir(KEN) 2:22:30
2. Eunice Chumba(BHR) 2:26:01
3. Immaculate Chemutai(UGA) 2:28:30
4. Abebech Bekele(ETH) 2:29:43
5. Aleksandra Morozova(RUS) 2:33:01
UAE squad to face Ireland
Ahmed Raza (captain), Chirag Suri (vice-captain), Rohan Mustafa, Mohammed Usman, Mohammed Boota, Zahoor Khan, Junaid Siddique, Waheed Ahmad, Zawar Farid, CP Rizwaan, Aryan Lakra, Karthik Meiyappan, Alishan Sharafu, Basil Hameed, Kashif Daud, Adithya Shetty, Vriitya Aravind
The specs: 2019 Subaru Forester
Price, base: Dh105,900 (Premium); Dh115,900 (Sport)
Engine: 2.5-litre four-cylinder
Transmission: Continuously variable transmission
Power: 182hp @ 5,800rpm
Torque: 239Nm @ 4,400rpm
Fuel economy, combined: 8.1L / 100km (estimated)
What sanctions would be reimposed?
Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:
- An arms embargo
- A ban on uranium enrichment and reprocessing
- A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
- A targeted global asset freeze and travel ban on Iranian individuals and entities
- Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
READ MORE ABOUT CORONAVIRUS
RESULTS
6.30pm: Handicap (rated 95-108) US$125,000 2000m (Dirt).
Winner: Don’t Give Up, Gerald Mosse (jockey), Saeed bin Suroor (trainer).
7.05pm: Handicap (95 ) $160,000 2810m (Turf).
Winner: Los Barbados, Adrie de Vries, Fawzi Nass.
7.40pm: Handicap (80-89) $60,000 1600m (D).
Winner: Claim The Roses, Mickael Barzalona, Salem bin Ghadayer.
8.15pm: UAE 2000 Guineas Trial (Div-1) Conditions $100,000 1,400m (D)
Winner: Gold Town, William Buick, Charlie Appleby.
8.50pm: Cape Verdi Group 2 $200,000 1600m (T).
Winner: Promising Run, Patrick Cosgrave, Saeed bin Suroor.
9.25pm: UAE 2000 Guineas Conditions $100,000 1,400m (D).
Winner: El Chapo, Luke Morris, Fawzi Nass.
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
THE APPRENTICE
Director: Ali Abbasi
Starring: Sebastian Stan, Maria Bakalova, Jeremy Strong
Rating: 3/5
