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The Industrial Development Authority (IBD), which is part of the Abu Dhabi Department of Economic Development (ADDED), confirmed that the emirate’s industrial sector recorded strong growth in the first half of 2022.
The number of new industrial licenses (Rowad) reached 136, the transition to the construction phase reached 62, and the number of licenses from construction to production reached 44 factories. As of June 2022, the total number of production licenses in force is 866, according to an IBD manufacturing report cited by the Wam news agency.
The total value of capital expenditure (capex) by industrial establishments moving into the production stage rose to AED3.1 billion from AED1.03 billion a year earlier.
The report shows positive indicators, including an increase in the number of government tenders awarded to companies with National Value (ICV) certificates under the Abu Dhabi Local Content Scheme (ADLC), from 95 tenders in the first half of 2021 to 466 tenders tender. The value of the winning bid by ICV Holdings rose from AED550 million in the first six months of 2021 to AED970.5 million in the first half of 2022.
Bids with local content value accounted for 41.9% of the bids awarded to ICV certificate holders, the report said, meaning AED 407 million was reinjected into the local economy to support local products, compared to AED 215.2 million in H1 2021 m.
In the first half of 2022, tenders awarded to ICV Holdings accounted for 56.1% of the total number of 827 government tenders and 72% of the total value of government tenders, amounting to AED 1.33 billion.
The ADLC program contributes to the growth of the emirate’s GDP, enhancing knowledge economy attributes, technology utilization and increasing the rate of emirateization.
The number of highly skilled workers in factories participating in the Electricity Price Incentive Program (ETIP) reached 41% of the total.
The IDB’s H1-2022 report also reflected growing interest in the Gold List scheme, which aims to increase demand for locally manufactured goods through government procurement.
As of June 2021, more than 127 manufacturers have joined the list, an increase of 14.4% compared to 111 as of December 31, 2021. The number of registered products on the list increased from 489 to 655, an increase of 33.9% over the same period last year.
The report showed that Abu Dhabi manufacturers received a total of AED1.02 billion in tariff exemptions in the first half of 2022, with five new factories receiving Electricity Price Incentive Program (ETIP) certificates. ETIP aims to increase the productivity of industrial facilities and increase their economic impact and energy efficiency by providing competitive electricity prices.
Rashed Abdulkarim Al Blooshi, Deputy Minister of ADDED, said: “The strong indicators reported by the IDB for the first half of 2022 reflect the strength of Abu Dhabi’s manufacturing sector, a key priority in achieving our economic diversification goals. The industrial sector is in addition to its role in job creation. It is also the largest contributor to Abu Dhabi’s non-oil GDP, in addition to its role in enhancing knowledge and innovation-driven programmes.”
“We will build on these successes and will continue our efforts to ensure ease of doing business, support industrial financing and attract foreign direct investment to achieve the goals of the recently launched Abu Dhabi Industrial Strategy to strengthen the emirate as the region’s most Position as a competitive industrial hub. To this end, Abu Dhabi is investing AED 10 billion in six transformation plans to more than double the size of its manufacturing industry to AED 172 billion by 2031 and create 13,600 new technology jobs with a focus on Emirati talent,” added Al Blooshi.
As part of IDB’s efforts to ensure that industrial establishments comply with laws, regulatory frameworks and licensing standards, and to provide technical and administrative guidance to improve performance, 741 site visits were conducted to 576 industrial facilities, including 417, 143 in Abu Dhabi There are 16 in Al Ain and 16 in Al Dafra. The total investment in these facilities exceeds AED 2.5 billion.
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