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.
Sri Lanka-India Test series schedule
- 1st Test India won by 304 runs at Galle
- 2nd Test India won by innings and 53 runs at Colombo
- 3rd Test August 12-16 at Pallekele
PROFILE OF INVYGO
Started: 2018
Founders: Eslam Hussein and Pulkit Ganjoo
Based: Dubai
Sector: Transport
Size: 9 employees
Investment: $1,275,000
Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri
The biog
Occupation: Key marker and auto electrician
Hometown: Ghazala, Syria
Date of arrival in Abu Dhabi: May 15, 1978
Family: 11 siblings, a wife, three sons and one daughter
Favourite place in UAE: Abu Dhabi
Favourite hobby: I like to do a mix of things, like listening to poetry for example.
Favourite Syrian artist: Sabah Fakhri, a tenor from Aleppo
Favourite food: fresh fish
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
THE SPECS
Engine: 1.5-litre turbocharged four-cylinder
Transmission: Constant Variable (CVT)
Power: 141bhp
Torque: 250Nm
Price: Dh64,500
On sale: Now
The specs: 2018 Nissan Patrol Nismo
Price: base / as tested: Dh382,000
Engine: 5.6-litre V8
Gearbox: Seven-speed automatic
Power: 428hp @ 5,800rpm
Torque: 560Nm @ 3,600rpm
Fuel economy, combined: 12.7L / 100km
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Cryopreservation: A timeline
- Keyhole surgery under general anaesthetic
- Ovarian tissue surgically removed
- Tissue processed in a high-tech facility
- Tissue re-implanted at a time of the patient’s choosing
- Full hormone production regained within 4-6 months
Indoor Cricket World Cup Dubai 2017
Venue Insportz, Dubai; Admission Free
Fixtures - Open Men 2pm: India v New Zealand, Malaysia v UAE, Singapore v South Africa, Sri Lanka v England; 8pm: Australia v Singapore, India v Sri Lanka, England v Malaysia, New Zealand v South Africa
Fixtures - Open Women Noon: New Zealand v England, UAE v Australia; 6pm: England v South Africa, New Zealand v Australia
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What is graphene?
Graphene is extracted from graphite and is made up of pure carbon.
It is 200 times more resistant than steel and five times lighter than aluminum.
It conducts electricity better than any other material at room temperature.
It is thought that graphene could boost the useful life of batteries by 10 per cent.
Graphene can also detect cancer cells in the early stages of the disease.
The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.
