The Abu Dhabi Department of Economic Development said on Sunday it has identified 725 industrial activities that could be eligible for full foreign ownership as it seeks to further attract foreign direct investments.
The emirate's Industrial Development Bureau also plans to add 50 industrial facilities over the next three years as part of a push towards self-sufficiency in the local manufacturing of basic commodities from food to medical supplies, Added said.
Added introduced the basic industries project aimed at making the emirate “self-sufficient in the production of basic and consumer commodities” in July 2020. The aim is to increase the private sector's contribution in meeting local demand and to encourage exports. The project, which is being undertaken by the Industrial Development Bureau, will seek to strengthen investment in four major sectors of food production, medical supplies, power generation and important materials such as iron, aluminium and cement.
In the first year of the project, Added granted licences for 22 industrial facilities in the UAE capital. They operate within the medical, food and electrical sectors with a total investment of Dh286.4 million. ($77.9m)
Of these, seven were granted to food production with a total investment of Dh9.8m. Six licences were granted to companies in the medical industries with investments totalling Dh261.8m and nine licences for the electrical industries sector with investments reaching Dh14.8m.
The basic industries project contributes to self-sufficiency in industrial commodities across Abu Dhabi and promotes local industrial investment within key sectors such as steel, aluminium and cement, said Mohammed Al Shorafa, chairman of Added.
Abu Dhabi will also raise the local manufacturing share of industrial commodities in the medical, food and electrical sectors to more than 25 per cent the current share.
The emirate's push towards self-sufficiency has helped to support local manufacturing over the past year.
The Abu Dhabi Medical Supplies Company has signed two agreements with Rafed Company to supply ventilator-related injections and medical consumables with a total value of Dh3.2m, according to Added.
In addition, it has co-ordinated with Abu Dhabi's petrochemicals company Borouge to provide the plastic raw materials for local medical use, to manufacture medical injections with a total investment of Dh94.28m. The partnership will raise the production capacity to 11 per cent as of July 2021, with a total monthly volume of 61 million injections.
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
New UK refugee system
- A new “core protection” for refugees moving from permanent to a more basic, temporary protection
- Shortened leave to remain - refugees will receive 30 months instead of five years
- A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
- To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
- Under core protection there will be no automatic right to family reunion
- Refugees will have a reduced right to public funds
Springsteen: Deliver Me from Nowhere
Director: Scott Cooper
Starring: Jeremy Allen White, Odessa Young, Jeremy Strong
Rating: 4/5
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UAE currency: the story behind the money in your pockets
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Five healthy carbs and how to eat them
Brown rice: consume an amount that fits in the palm of your hand
Non-starchy vegetables, such as broccoli: consume raw or at low temperatures, and don’t reheat
Oatmeal: look out for pure whole oat grains or kernels, which are locally grown and packaged; avoid those that have travelled from afar
Fruit: a medium bowl a day and no more, and never fruit juices
Lentils and lentil pasta: soak these well and cook them at a low temperature; refrain from eating highly processed pasta variants
Courtesy Roma Megchiani, functional nutritionist at Dubai’s 77 Veggie Boutique
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
Retail gloom
Online grocer Ocado revealed retail sales fell 5.7 per cen in its first quarter as customers switched back to pre-pandemic shopping patterns.
It was a tough comparison from a year earlier, when the UK was in lockdown, but on a two-year basis its retail division, a joint venture with Marks&Spencer, rose 31.7 per cent over the quarter.
The group added that a 15 per cent drop in customer basket size offset an 11.6. per cent rise in the number of customer transactions.
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UAE currency: the story behind the money in your pockets
Polarised public
31% in UK say BBC is biased to left-wing views
19% in UK say BBC is biased to right-wing views
19% in UK say BBC is not biased at all
Source: YouGov
