UAE industrial sector contributing more to local economy

Published August 27th, 2006 - 02:54 GMT
Al Bawaba
Al Bawaba

The UAE industrial sector is contributing more to the local

economy, recording a significant growth in its contribution to the

GDP, according to a report issued by the Abu Dhabi Chamber of

Commerce and Industry (ADCCI).

 

"Industrial sector share in GDP

grew 11.4 % by the end of 2005 to AED 56 bn from AED 50 bn in

2004," according to the ADCCI report. "Oil and gas industries contributed 46.8%

of the total industrial sector activity while manufacturing sector

shared the remaining 53.2% of the activity," the report added.