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| A comprehensive guide
to current and future events and exhibitions in the UAE |
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Valuable concise reference source on the UAE,
covering political system, economy, business, history and heritage,
education, women, healthcare, tourism and environment. |
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Natural history of the UAE,
covering all animals and plants recorded in the Emirates. |
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Report by National US Arab Chamber of Commerce on the UAE. Vol XV, No 3, June 2007. Includes analysis of UAE economy. |
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THE ECONOMY - INDUSTRIAL DEVELOPMENT
![]() Deal set to foster industrial development
Posted on 20/05/2008
Dubai Export Development Corporation (DEDC) has signed an agreement with the Gulf Organisation for Industrial Consulting (GOIC) to foster industrial development in the emirate.
The memorandum of understanding seeks to establish a framework for facilitating co-operation and co-ordination between GOIC and EDC to encourage foreign investment and promote industrial growth. "DEDC continuously strives to optimise the emirate's exports through strategic partnerships and associations with relevant
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 Abu Dhabi witnessing construction boom
Posted on 18/05/2008
UAE's capital has become a key player and a strong competitor in real estate sector in the region, which offers local and foreign companies excellent investment opportunities, writes Sanjay Singh
Abu Dhabi is witnessing a construction boom with real estate business GDP share of non-oil sector jumping to about nine per cent, given the huge investments officially estimated at Dh750 billion, according to a report published by the Department of Planning and Economy (DPE).
The main feature of
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 Demand for steel to rise by 31% in UAE
Posted on 14/04/2008
There is no shortage of steel and no black market in the metal even though prices have soared in the UAE, says the head of a leading building materials company. "There is still no shortage in the steel market but you have to pay the high prices,” Rizwan Sajan, chairman of UAE-based Danube Building Materials, told Emirates Business yesterday.
"There is also no black market because availability is plentiful. Whatever quantity you want is available, it's just that the price has become inflated.
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 UAE Economy Minister, GOIC Secretary General discuss UAE industrial development
Posted on 30/03/2008
Minister of Economy Engineer Sultan Bin Saeed Al-Mansouri and Secretary General of Gulf Organisation for Industrial Consulting (GOIC) Dr. Ahmed Khalil Al-Mutawa' on Saturday discussed ways to further advance the level of performance of the UAE industrial sector.
During the discussions which took place in Dubai, the Minister was briefed by Al-Mutawa' on GOIC's strategic services which include conducting feasibility studies on the private and public sectors of the UAE.
Al-Mutawa' also gave a
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 UAE Vice President issues a decree to exempt cement, reinforced steel from custom duties
Posted on 13/03/2008
Vice President, Prime Minister of UAE and Ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum, issued a decree, exempting cement and reinforced steel from custom duties until further notice. Sheikh Mohammed issued the decree to keep the momentum of property development investment, which constitute an important component in the economic boom in the UAE. He instructed the Dubai Customs Authority to implement the decision with immediate effect. As per this move, contractors and property
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 Dubai Industrial City achieves great growth in 2007
Posted on 27/02/2008
Dubai Industrial City, the leading industrial destination in Dubai has successfully managed to maximise the use of all its lands in 2007 while achieving a robust growth during the year as it increased its client base to more than 430 industrial investors. Rashed Al Ansari, Chief Executive Officer of Dubai Industrial City, a member of Tatweer, explained that the third largest non-real estate based project in Dubai has succeeded in leasing increasing amounts of industrial lands to meet the
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 RAK signs Dh348 million deal for development of Hulayla Industrial Park
Posted on 12/02/2008
The Government of Ras Al Khaimah yesterday signed a Dh348 million contract with China Harbour Engineering Company LLC to carry out marine works as part of the development and expansion of Hulayla Industrial Park in Ras Al Khaimah.
The agreement was signed by Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, and Li Guowei, General Manager, China Harbour Engineering Company LLC, at the Al Dhait Palace here. The marine works contract involves creation of a 2.5-
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 UAE pumps Dh29bn into manufacturing
Posted on 24/01/2008
The UAE has pumped nearly Dh29 billion into manufacturing projects over the past four years and most of the investments have been made by Abu Dhabi.
Food, beverages and tobacco had the lion's share of the investments, while chemicals, metals and minerals remained a key target of the country's drive to expand its industrial base and lessen reliance on volatile oil sales.
Official figures showed the new investments covered more than 1,000 projects and national investors controlled nearly 85 per
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![]() Kharbash unveils plan for federal industrial agency
Posted on 27/11/2007
The Ministry of Finance and Industry has finalised a blueprint to set up a federal body for regulating and developing the industrial sector, Dr Mohammed Khalfan bin Kharbash, Minister of State for Financial and Industrial Affairs, unveiled on Monday. 'The logic for creating such a federal authority springs out from the need of a higher body enjoying all powers required to revamp and develop the industrial sector and create a fertile investment ground at bar with international best practices,
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 Masdar and DUBAL sign agreement to monetize greenhouse gas reductions
Posted on 31/07/2007
Masdar, the landmark initiative by the Abu Dhabi Government to promote advanced energy and sustainability, yesterday signed an agreement with Dubai Aluminium Company Limited (DUBAL) to develop and register a project under the Clean Development Mechanism (CDM) of the Kyoto Protocol which will reduce greenhouse gas emissions associated with aluminium smelting.
The CDM project, the first of its kind in the Middle East, targets the monetization of greenhouse gas emission reductions resulting from
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 DCCI Launches Dubai Commercial
Posted on 23/07/2007
Dubai Chamber of Commerce and Industry (DCCI) has launched the 19th version of Dubai Commercial Directory 2007-2008 which became a basic reference for businessmen, traders, exporters and entrepreneurs, not only in the UAE, but also on the regional and global levels.
The number of companies listed in this new version of the directory has increased by 12,000 companies compared to last year. The launching of the new directory copes with the remarkable increase in the number of the Chamber's
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 Dubai Industrial City rents its land to investors for Dh777m
Posted on 22/07/2007
Dubai Industrial City, a Dubai Holding project, has rented out all its land and 30 new factories will be built this year, according to a top official. "There are 388 new world investors in town and infrastructure contracts worth Dh777 million have been signed to build a network of road and primary services,” Dubai Industrial City CEO Rashid Al Ansari said.
The first industrial investor will start production by the end of this year while no fewer than 30 factories will be set up throughout
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 Total value of UAE's investments in industrial sector exceeds Dh70b
Posted on 05/07/2007
The total value of UAE's investments in the industrial sector stood at Dh70.42 billion at the end of 2006, a 3.2 per cent increase compared to 2005, according to the Ministry of Finance and Industry (MoFI). Dubai was in the leading position in terms of the number of industrial establishments, accounting for 40.2 per cent or 1,433 establishments of the country's total, an increase of 138 compared to 2005. Sharjah was second with a 29 per cent share. Ajman with a 14.3 per cent share and Abu Dhabi
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 Industrial investments in UAE hit Dh70.4 million in 2006: Kharbash
Posted on 05/06/2007
The UAE's industrial sector achieved a significant growth last year, with investment touching Dh70.4 million, said Dr. Mohammed Khalfan bin Kharbash, Minister of State for Finance and Industrial Affairs. Speaking shortly before travelling to Riyadh where he will represent the UAE at the 25th meeting of the GCC Industrial Cooperation Committee, Dr. Kharbash said the growth seen by the industrial sector last year constituted an increase of Dhs.22 million over previous year's results.
The
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 UAE industrial sector lures record Dh70.4b in 2006
Posted on 05/03/2007
Investment in the UAE's industrial sector hit a record Dh70.4 billion in 2006, an increase of more than 3 per cent compared with Dh68 billion in 2005, according to the Ministry of Finance and Industry.
Local investment accounted for more than 86 per cent of the total, amounting to Dh60.6 billion, while investment from other Gulf countries accounted for 2.9 per cent, or Dh2 billion, while foreign direct investment stood at Dh7.74 billion.
"Such increase in investment was accompanied by a
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