Latest Update on the UAE Manufacturing Sector Growth
Latest Update on the UAE Manufacturing Sector Growth In an increasingly globalised business climate, worldwide expansion of trade and manufacturing has become imperative. The UAE is no exception to this rule and has already recognized the benefits of boosting its manufacturing sector. In fact, contribution of the industrial sector to the GDP currently stands at 14 per cent and the UAE has chalked out plans to increase this to 25 per cent in the next 15 years, In particular, significant investments will be made in
Dubai’s biggest rise in economy for the past 5 years.
Dubai’s biggest rise in economy for the past 5 years. Dubai’s economy hit the biggest expansion over the five years as the result of the rise in tourism and trade industry. The Emirate’s gross domestic product price has risen by 4.1 percent in the first half of 2012 to 161.5 billion dirham’s (44 billion dollars). The hotel and restaurant industries have also grown by more than 16 percent, whereas manufacturing expanded to 10.4 percent. According to the Gulf News, the economy of Emirate has grown by 18.1 percent
The world’s largest Mega City in Dubai costing 10 billion dirhams.
The world’s largest Mega City in Dubai costing 10 billion dirhams. During for the next couple of years, the construction of the world’s largest shopping and entertainment center is planned to be completed in Dubai. The new complex would be named Mohammed bin Rashid City. The costs of the project estimated to be around 10 billion dirhams. It will consist of four phases of development. The first phase of the development will include leisure and fun facilities, modern shopping and entertainment facilities with a very large
Doing Business in Dubai, UAE – international ranking
Doing Business in Dubai, UAE – international ranking According to World’s Bank Doing Business 2013 report, the “doing business in Dubai, UAE” ranking has moved to seven spots up this year which is countries’ biggest jump in global ranking. The UAE has leaped from 33rd position from last year to 26th this yaer as according to the World bank report, making it the only one country in the Middle East and North Africa region that had such position improvements in its global competitiveness ranking. The report on doing
Expansion of Jebel Ali Port is to be finished soon.
Expansion of Jebel Ali Port is to be finished soon. One of the leading ports operators DP World announced that project of Dubai Jebel Ali Port expansion passed the halfway mark and is going to be finished soon. The project includes expansion of the existing Terminal 2 and construction of the brand new USD 850 million-worth Terminal 3. DP World also mentioned that Jebel Ali Port expansion is crucial in supporting the growth of Dubai as well as Middle East and Africa countries. In the first half of