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Industry Statistics Yearbook for 2005 published by Ministry of Finance and Industry
- United Arab Emirates: Sunday, May 29 - 2005 at 14:44
- PRESS RELEASE
The Ministry of Finance and Industry (MOFI) today published the UAE Industry Statistics Yearbook for 2005.
Jamal Lutah, assistant undersecretary for Industrial Affairs said: "The Ministry of Finance and Industry aims at reflecting the growth of the industrial sector in the UAE. The publishing of the yearbook emphasizes the role of statistical data in economic planning and policy making".
"The publication of this yearbook is in the line with the policy of transparency adopted by MOFI. The objective of publishing this yearbook is to provide investors with all relevant data to help them plan their investments in the industrial sector. The yearbook displays accurate data about the industrial activity for the year 2004, the industries present, their location, and the number of workers. In addition it includes the investments made by every industrial unit in the industrial sector," Lutah added.
The yearbook shows that the investments made in the industrial sector rose by 44.3% in the year 2004, to nearly AED 6.3bn as against AED 4.3bn for the year 2003. In addition, the number of the industrial units increased to 3036 in 2004 in comparison with 2795 units in 2003. The industrial sector also witnessed an increase of 8.7% in the number of employees, to reach 230,000 employees as compared to 212,000 for the same period.
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For further information, please contact:Hicham El Amrani/Omar Olimat
ASDA'A Public Relations and Consultancy
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Dubai, UAE - Tel: +971-4-3344550, Fax: +971-4-3344556
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