Governmental joint-stock companies in the UAE achieved profits of 149.8 billion dirhams in 2019, compared to 149.65 billion dirhams in 2018 and approximately 132 billion dirhams in 2017.
According to the Emirates News Agency, the profitability achieved by government companies reflects the great strength and financial solvency it has and has placed in the ranks of major international companies during the past years.
> Governmental companies are distributed in all emirates of the state, but the largest percentage of them are concentrated in the emirates of Abu Dhabi and Dubai, knowing that their capital exceeds 200 billion dirhams, according to previous statistics issued by the competent authorities Including the Ministry of Economy.
These companies are active in many areas at the local and global levels, including the investment, financial services, petrochemical, transportation and other sectors.
The revenues of government joint-stock companies accounted for 31.3% of the total public revenue of the state, which amounted to approximately 478.2 billion dirhams during the year 2019, according to the figures shown by the national accounts issued by Federal Competitiveness and Statistics Authority.
The profitability movement index of UAE government joint-stock companies shows a rising line during the past years, which established its pioneering position compared to its global counterpart on the one hand and thus maximized its financial returns in general.
