Tuesday, 8 January 2013

UAE industrial sector contributed 16 % to GDP in 2012 - Business Intelligence Middle East - bi-me.com - News, analysis, reports

HE Sultan Bin Saeed Al Mansoori, UAE Minister of Economy, has lauded the growth of the industrial sector reflected in the strong contribution of petrochemicals and down-stream products to the economy.

He said that the UAE industrial sector contributed 16% to the GDP in 2012, and this percentage is expected to rise up to 3 percent in 2013. Al Mansoori said the UAE industrial sector was driven by three key pillars: petrochemicals, aluminium and steel.

Mr. Al Mansoori who was speaking after the inauguration of Arabplast 2013, the Middle East's premier trade show for rubber, plastics and petrochemicals yesterday, stressed the importance of plastics and petrochemicals industry as the UAE has made remarkable growth in the production of raw materials and in adopting best technologies and practices from countries like Germany, Austria and Japan.
UAE industrial sector contributed 16 % to GDP in 2012 - bi-me.com

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