UAE plans to attract $70bn in industrial investments by 2025, says economy minister

The UAE plans to attract over $70 billion (AED257 billion) in industrial investments by 2025, according to the country's Minister of Economy.

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Sultan bin Saeed Al Mansouri

The UAE plans to attract over $70 billion (AED257 billion) in industrial investments by 2025, according to the country’s Minister of Economy.

The investment will increase the industrial sector’s share to the country’s gross domestic product (GDP) to 25 percent, up from from the current 16 percent by 2025, said Sultan bin Saeed Al Mansouri

The investment boost is aimed to make the industrial sector as the driving force in the country’s economic growth.

The slump in global oil prices has not had any significant impact on the UAE’s development as the share of non-oil sectors in the economy stood at 69 percent of GDP, news agency WAM quoted the minister as saying. More info

By Staff  www.arabianbusiness.com

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