57% growth in Abu Dhabi industrial facilities

iStock

Abu Dhabi’s industrial sector continues to register strong figures - thanks to the various incentives and business-friendly measures introduced by the government.

The number of facilities increased by more than 57 per cent year-on-year, with a combined investment value of around AED 6.3 billion.

Nearly 139 new industrial licenses were issued in 2019, with construction and glass, metals and plastics business accounting for the bulk.

The data has been released by Abu Dhabi‘s Department of Economic Development's Industrial Development Bureau (IDB).

More from Business

Coming Up on Dubai Eye

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.