UAE industrial sector worth over AED 103 billion
More than 6,300 factories are currently operating in the UAE, with investments worth over AED 103 billion.
Food and beverage account for the biggest slice of the industrial sector at 30 per cent, followed by primary minerals (24 per cent) and non-metallic raw products (14.9 per cent).
The figures were revealed on the sidelines of the UAE-Saudi Business Forum in Abu Dhabi.
The event discussed ways to enhance cooperation across eight key sectors, including industry, tourism, oil, aviation and construction.
Saudi Arabia is currently the UAE’s fourth major trade partner, comprising 4.6 per cent of UAE’s non-oil trade in 2016.