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UAE industrial enterprises increase by 39% |
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1/30/2009 10:24:13 AM |
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Emirate Business cited the UAE’s Department of Industrial Development's as saying in its 2008 report that the past 5 years have seen a large increase in the number of companies involved in the UAE's industrial sector and the level of investment. And new, modern plants with high levels of productivity and an emphasis on quality are competing with foreign rivals in local and international markets in the energy, petrochemical and metal sectors.
Mr Saeed Al Mansouri, minister of economy of UAE said that "The report proves that the industrial sector has achieved high rates of growth, which has led to the consolidation of economic performance at the national level.”
As per the report, the number of industrial enterprises rose from 3,036 in 2004 to 4,219 in 2008, an increase of 39%. The 2008 figure represents a 9.5% increase on the previous year's total of 3,852. Investment in the sector rose from AED 62 billion in 2004 to AED 77 billion in 2008, an increase of 22.3%. Investment rose by 6% from AED 72 billion in 2007.
Total UAE national investment reached AED 65 billion, accounting for 84.6% of total industrial investment. Investment from the GCC totaled AED 3.149 billion, up by 4.09% and investment from other countries reached AED 8.7 billion, up by 11.32%. The average investment per company in 2008 was AED 18.3 million. At the end of 2008 the number of institutions fully owned by UAE nationals totaled 1,520, up by 36% and institutions owned by GCC nationals amounted to 118, up by 2.8%. A total of 71 were owned by UAE and GCC nationals, 2,452 were owned by UAE nationals and foreigners and 58 were owned by UAE and GCC nationals and foreigners.
The number of industrial institutions with less than AED 1 million of investment was 2,419. Institutions with investment of AED 1 million to AED 10 million totaled 1266. Institutions that had invested between AED 10 million and AED 50 million totaled 385 and institutions investing more than AED 50 million totaled 149.
The number of institutions with fewer than 10 workers was 435. Institutions with 10 to 49 employees totaled 2,438, institutions with 50 to 99 workers totaled 631 and institutions with more than 100 workers numbered 715.
In 2008, the value of production costs was AED 124,777 million. The value of net profits was AED 15,903 million and value added was AED 75,476 million. During the comparison period from 2004 to 2008, the number of workers rose from 231,275 to 317,841, an increase of 37.4%. By the end of 2008, the number of UAE national workers was 5,228; GCC national workers totaled 1,883 and foreigners 310,730. The average number of workers in each institution was 75. During 2008, the number of workers rose by 29,661. The average productivity of each worker was AED 439,000 per annum.
The report identified nine sectors of industrial activities in the country: Foods, drinks and tobacco industry sector. The number of institutions in this sector until 2008 was 359, which accounts for 8.51% of the total establishments, an increase of 25 compared to 2007. These institutions have an investment of AED 32,178 million, with an average of AED 89.6 million per institution and an increase of AED 25 million compared to 2007. They have 30,412 workers, with an average of 85 workers per institution, an increase of 1,282 workers compared to 2007.
Chemicals industry sector: The number of institutions in this sector until 2008 was 734, accounting for 17.4 per cent of the total institutions and an increase of 55 compared to 2007. They have investments of AED 15,771 million, with an average of AED 21.5 million per institution and increase of AED 333 million compared to 2007.
Non metal mining products industry sector: The number of facilities in this sector amounted to 557 by the end of 2008, or 13.2% of the total number of facilities, an increase of 41 facilities in comparison to 2007. A total of AED 11,660 million is invested with a rate of investment of 15.05% and an average AED 20.9 million per facility. It is an increase of AED 2,798 million compared to 2007. The sector employs 65,023 workers, an average of 117 employees per facility, an increase of 10,911 workers compared to 2007.
Basic metal industries sector: The number of facilities in this sector amounted to 77, an increase of eight facilities in comparison to 2007, or 1.83% of the total number. A total of AED 7,470 million is invested with a rate of investment of 9.8% and an average AED 97 million per facility. It is an increase of AED 177 million compared to 2007. The sector employs 9,751 workers, an average of 127 employees per facility, an increase of 1,000 workers compared to 2007.
Metal products, tools and equipment sector: The number of facilities in this sector amounted to 1,178 by the end of 2008, or 27.92% of the total number of establishments, an increase of 136 facilities in comparison to 2007. A total of AED 5,892 million is invested with a rate of investment of 7.575 and an average AED 5 million per facility. It is an increase of AED 783 million compared to 2007. The sector employs 89,159 workers, an average of 76 employees per facility, an increase of 10,586 workers compared to 2007.
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Source:Steelguru.com |
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