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Abu Dhabi / WAM
The Industrial Development Bureau (IBD), part of the Abu Dhabi Department of Economic Development (ADDED), has confirmed the strong growth of the Emirate’s industrial sector in H1, 2022.
New industrial licenses (Rowad) reached 136, and those transitioning to the construction phase reached 62, with the number of licenses having moved from under-construction to in-production reaching 44 factories. The total number of active in-production licenses was 866 by end of June 2022, according to the IBD manufacturing report.
The total value of Capital Expenditures (CAPEX) of industrial establishments that switched to in-production stage rose to AED 3.1 billion compared to AED 1.03 billion in the same period last year.
The report revealed positive indicators including the growing number of government tenders awarded to companies with In-Country Value (ICV) certificates, under the Abu Dhabi Local Content programme (ADLC), reaching 466 tenders, up from 95 tenders in H1-2021. The value of tenders won by ICV holding companies rose from AED 550 million in the first six months of 2021 to AED 970.5 million in H1-2022.