UAE aims to attract $70bn to industrial drive

UAE aims to attract $70bn to industrial sector

Investment in the UAE’s industrial sector rose to AED130bn at the end of 2016 as the country works to move away from a dependence on oil.

The UAE has a target that the industrial sector’s contribution to GDP will increase by 25% by 2025 and it says it needs to attract $70bn of new investment to make this happen, according to state news agency WAM.

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UAE aims to attract $70bn to industrial sector

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