Abu Dhabi registers 1552 industrial licenses at the end of 2019

According to the Emirates News Agency, the Industrial Activity Movement report in the Emirate of Abu Dhabi for the year 2019 showed that the total industrial licenses registered in Abu Dhabi as of the end of 2019 reached 1,552 licenses that included 811 licenses in the state of production, 535 licenses under the status of construction, and 206 licenses of industry leaders.

His Excellency Rashid Abdul Karim Al Balushi, Undersecretary of the Department of Economic Development Abu Dhabi stressed the importance of the role of the Industrial Development Office in providing a stimulating and fostering business environment and a positive and favorable investment climate for the industrial sector in the emirate, by continuing to find appropriate solutions to the challenges of the industrial sector through the implementation of strategic initiatives that support industrial investors.

In this regard, he pointed to the positive impact shown by the initiative to stimulate the industrial sector through the electricity tariff that was launched last year within the initiatives of the Abu Dhabi Development Accelerators Program tomorrow 21 in addition to a new initiative that will be launched in the month of February and focuses on strengthening the private sector and increasing its contribution to the emirate's GDP Abu Dhabi by strengthening partnerships with the public sector.

He said that the distinguished efforts made by the Industrial Development Bureau during the past year clearly contributed to the increase in the growth rate of new industrial licenses in Abu Dhabi during the past three years, which reached 530% at the end of 2019 with about 139 licenses compared to the number of new licenses issued at the end of 2016 of 22 licenses .

His Excellency Rashid Abdul Karim Al Balushi assured the department’s keenness to facilitate licensing procedures for industrial establishments, which positively reflects efforts to attract more foreign and domestic investments in the industrial sector, thus doubling the number of new industrial licenses in Abu Dhabi, Al Ain and Al Dhafra, where the year 2019 witnessed turnout Great for obtaining new industrial licenses in the emirate.

His Excellency Rashid Al Balushi said that the report of the year 2019 of the industrial activity movement recorded a remarkable increase in the percentage of issuing licenses of industrial pioneers, reaching 11.20% compared to the year 2018, which reflects the interest of industrial investors in obtaining investment opportunities in the industrial sector in the Emirate of Abu Dhabi at a time when the number of establishments increased Industrial which came into production by 12.5% ​​in 2019 compared to the statistics of 2018.

He added: These figures come to confirm the importance of the endeavors and efforts exerted by Abu Dhabi’s economy in order to achieve its strategic goals aimed at strengthening the directions of the government of Abu Dhabi on sustainable economic development and economic diversification and support the pivotal sectors and non-oil strategic, in line with the guidance of the wise leadership and its vision in developing and strengthening competitive The Emirate ... affirming the Department's keenness to continue its efforts to be a major supporter of the sustainable economic development march in ...