Latest news with #AED80
Time of India
04-08-2025
- Business
- Time of India
UAE: Abu Dhabi's non-oil foreign trade sees record 35% jump, reaching AED195.4 bn in H1 2025
Abu Dhabi's non-oil foreign trade grew 34.7% in H1 2025, up from AED145 billion during the same period in 2024/ Representative image Abu Dhabi's non-oil trade sector delivered a standout performance in the first half of 2025, driven by a robust surge in exports, steady growth in imports, and a rise in re-exports. The 34.7% year-on-year increase reflects the emirate's strong economic fundamentals, its strategic shift towards diversification, and an ongoing transformation into a global trade and logistics hub. — ADMediaOffice (@ADMediaOffice) Trade figures reflect strong economic momentum In the period from January to June 2025, Abu Dhabi's non-oil foreign trade reached AED195.4 billion ($53.2 billion), a significant increase from AED145 billion ($39.4 billion) during the same timeframe in 2024. This 34.7% growth was supported across all major trade categories: Exports rose 64%, reaching AED78.5 billion ($21.3 billion) compared to AED47.9 billion ($13 billion) in the first half of 2024. Imports climbed by 15% to AED80 billion ($21.8 billion), up from AED70 billion ($19 billion). Re-exports increased 35%, surpassing AED36 billion ($9.8 billion), compared to AED26.6 billion ($7.2 billion) during the corresponding period last year. The strong performance comes amid ongoing efforts to strengthen non-oil sectors, with trade becoming a core pillar of Abu Dhabi's broader economic expansion strategy. Strategic policies and infrastructure as growth catalysts Multiple structural and policy factors have underpinned the growth of Abu Dhabi's non-oil trade. The emirate continues to invest in infrastructure, logistics, and digital innovation to enhance trade capabilities. Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED), credited the growth to strategic economic planning and agile execution. 'Abu Dhabi's non-oil foreign trade steady performance in H1- 2025 reaffirms our position as a global economic powerhouse, bridging East and West, North and South. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 25 Simple Plant Hacks You'll Wish You'd Learned Sooner Learn More Undo Our consistent growth, amid the challenges in the international trade and global economy, reflects the strengths of our long-term economic planning, decisive policy execution, and our commitment to enabling fair and free exchange of goods, services, and innovations,' he said. Al Zaabi added that the emirate is prioritizing the streamlining of trade procedures, smart system integration, and service optimization to position Abu Dhabi as one of the world's most business-ready economies. These advancements are also reinforcing its role as a key node in global supply chains. Director-General of Abu Dhabi Customs, Rashed Lahej Al Mansoori, emphasized the role of innovation and partnerships in facilitating this growth. ' The growth in non-oil foreign trade during the first half of 2025 reflects the success of Abu Dhabi's economic strategies, and highlights the effectiveness of efforts made by Abu Dhabi Customs, in collaboration with strategic partners, to facilitate trade. These efforts are driven by the adoption of advanced systems, innovations, and digital technologies. " He noted. He emphasised the continued commitment to developing a proactive and agile customs ecosystem that supports global supply chains and enhances the emirate's competitiveness as a regional and international hub for trade and business. Al Mansoori concluded by reaffirming that Abu Dhabi Customs is committed to providing top-tier services and streamlined procedures that speed up customs processes and foster deeper collaboration with domestic and international partners, efforts that contribute to sustainable growth, support the evolving economy, and solidify the emirate's presence in global trade. Economic diversification and long-term vision The surge in non-oil trade is part of a broader transformation underway in Abu Dhabi's economy. In 2024, the emirate's GDP reached a historic AED1.2 trillion ($326.4 billion), with the non-oil sector contributing AED644.3 billion ($175.2 billion)—a 6.2% increase from the previous year. This represents 54.7% of the total GDP, marking the highest non-oil share to date. Abu Dhabi's strategy to reduce reliance on hydrocarbons includes targeted investments in manufacturing, tourism, aviation, and technology: In 2022, it launched an industrial strategy with AED10 billion ($2.72 billion) in funding across six programs, aiming to more than double manufacturing output to AED172 billion ($46.8 billion) by 2031. The tourism sector is projected to contribute 12% to GDP by 2030, up from 5% in 2023. Sectors like artificial intelligence and aviation have also seen fresh capital injections as part of Abu Dhabi's long-term economic blueprint. This economic vision is being realized through international partnerships as well. The UAE has signed 28 Comprehensive Economic Partnership Agreements (CEPAs) to broaden trade access. According to a report from The National, ten of these, signed with countries including India, Indonesia, Israel, and Turkey, are currently operational. Additional agreements with nations such as Australia, South Korea, Vietnam, Kenya, and others are pending implementation. Negotiations have concluded with the Philippines, Morocco, and Armenia, further expanding Abu Dhabi's access to global markets. Logistics, location, and competitive advantage Abu Dhabi's strategic location, world-class infrastructure, and investor-friendly reforms continue to position it as a global logistics hub. The development of modern airports, seaports, and transport networks has significantly improved the movement of goods and efficiency of supply chains. The effectiveness of these systems has been crucial in enabling the 2025 trade growth. Enhanced customs clearance services, coupled with digital integration and the use of smart technologies, are accelerating cross-border trade. Officials believe that this momentum is not short-lived. Abu Dhabi Customs reiterated its commitment to 'best-in-class' procedures that not only facilitate trade but also foster sustainable growth. This is aligned with the UAE's national objective of building a future-ready economy less dependent on oil.
Filipino Times
19-06-2025
- Business
- Filipino Times
Dubai completes AED277 million drainage project to boost flood protection
Dubai Municipality has completed a major sewerage and rainwater drainage project costing AED277 million to strengthen the city's flood management system. Spanning 340 hectares and connecting up to 300 plots, the project in Nad Al Sheba 3 is part of a broader plan to ensure the country maintains its lead in sustainable urban development. 'Completing the Nad Al Sheba 3 project is a significant step towards connecting all areas of Dubai to a fully integrated sewerage and rainwater drainage network, ensuring the emirate's readiness to face future climate challenges for the next 100 years,' Engr. Marwan Ahmed bin Ghalita, Director-General of Dubai Municipality, said through WAM. He also noted that these efforts are included in two of the region's biggest infrastructure programs — the AED30 billion Tasreef rainwater drainage plan and the AED80 billion sewerage upgrade programme. Under the project, Nad Al Sheba 3 now has an advanced sewer system stretching 24 kilometres, with pipelines of different sizes to handle waste safely and protect public health. An extra 11 kilometres of pipes connect houses and other properties directly to the network. To manage rainwater better and avoid flooding, the Municipality built a new pumping station that can handle 4,000 litres of water every second. This works with a 31-kilometre drainage pipeline network to guide rainwater safely away, even during heavy rains. 'By applying advanced technologies and smart solutions, we aim to increase operational performance, ensure service continuity, and improve quality of life for Dubai's residents — reinforcing the emirate's status among the world's leading cities for advanced infrastructure,' Engr. Marwan Ahmed bin Ghalita said.
Hi Dubai
18-06-2025
- Business
- Hi Dubai
Dubai Municipality Completes AED277 Million Sewerage and Drainage Project in Nad Al Sheba 3
Dubai Municipality has completed a major infrastructure upgrade in Nad Al Sheba 3, delivering a new sewerage and rainwater drainage network at a cost of AED277 million. The project is part of broader efforts to enhance the city's infrastructure and align with Dubai's long-term vision for sustainable urban development. Spanning 340 hectares and covering around 300 land plots, the project includes a 24-kilometre sewerage network with pipelines ranging from 200 to 800 millimetres in diameter, along with 11 kilometres of household connections. The network is designed to improve public health, support environmental sustainability, and streamline future maintenance. To strengthen rainwater management, the development also features a new pumping station with a capacity of 4,000 litres per second and a 31-kilometre gravity drainage pipeline network. This system is intended to reduce flood risks and ensure water flow efficiency during heavy rains. Eng. Marwan Ahmed bin Ghalita, Director-General of Dubai Municipality, said the initiative supports the emirate's strategic infrastructure programmes, including the AED30 billion 'Tasreef' drainage project and the AED80 billion sewerage system upgrade. He emphasized the role of advanced technologies in improving service delivery and quality of life. The project contributes to Dubai's goal of connecting all areas to a fully integrated network, positioning the city as a global benchmark for smart, future-ready infrastructure. News Source: Emirates News Agency
Hi Dubai
16-05-2025
- Business
- Hi Dubai
Pure Ice Cream Breaks Ground on AED80 Million Manufacturing Facility in Dubai Industrial City
Pure Ice Cream has officially broken ground on its AED80 million manufacturing facility in Dubai Industrial City, marking a major step toward expanding local food production and export capabilities. The new 160,000-square-foot plant, expected to launch in 2026, will be one of the largest ice cream manufacturing facilities in the UAE. Once operational, it will boost Pure Ice Cream's annual production capacity to 50 million litres and create 60 new jobs. The groundbreaking ceremony was attended by Mohammed Shael Al Saadi, CEO of Dubai Corporation for Consumer Protection and Fair Trade, alongside key figures from the industrial and food sectors. The project supports several national initiatives, including Operation 300bn, Make it in the Emirates, and the Dubai Economic Agenda 'D33'. Saud Abu Alshawareb, Executive Vice President – Industrial at TECOM Group PJSC, said the project reflects the UAE's growing status as a global food manufacturing hub and aligns with national efforts to enhance food security. Part of the Graviss Group, Pure Ice Cream signed a musataha agreement with Dubai Industrial City at the SIAL Paris food and beverage exhibition in October 2024. The facility will export to more than 20 countries and adopt sustainable practices such as solar energy and biodegradable packaging. 'We are looking forward to building the largest ice cream plant in the GCC and exporting products globally from Dubai,' said Gaurav Ghai, Chairman of Graviss Group. The plant will be integrated into Dubai Industrial City's broader ecosystem, which continues to attract investment in local manufacturing and supply chain development. News Source: Emirates News Agency
Hi Dubai
30-04-2025
- Business
- Hi Dubai
Dubai Municipality Drives Major Urban Transformation with Focus on Sustainability and Smart Services
Dubai Municipality is ushering in a new era of urban development, blending sustainable infrastructure, digital innovation, and community-focused services to elevate the city's livability and resilience, said His Excellency Marwan bin Ghalita, Acting Director General of Dubai Municipality, during a media briefing hosted by the Government of Dubai Media Office. Addressing editors and industry leaders as part of the 'Meet the CEO' series, Bin Ghalita outlined key priorities, from AI-powered platforms to major infrastructure projects, guided by the leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum and Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum. Among the headline initiatives is the AED30 billion 'Tasreef' rainwater drainage system and the AED80 billion Dubai Strategic Tunnels for Sewerage Project, both central to enhancing sustainability and climate resilience. The Waste-to-Energy Centre in Warsan, now operational, powers over 135,000 homes using two million tonnes of annual waste. In housing and planning, the 'Home is a Priority' initiative supports Emirati families, while AI-driven platforms like the Dubai Digital Twin improve urban planning and service delivery. Land allocations and masterplans for areas including Latifa City and Al Yalayis 5 are also underway. Public health and food safety efforts are scaling, with programmes like 'Safe Water for a Healthy Community' and tools such as the Montaji Plus app ensuring high standards for over nine million tonnes of imported food annually. Green spaces and community hubs are also expanding, with 600 trees planted daily and new parks, beaches, and majlis venues under development. Dubai Municipality is further enhancing services through virtual appointments and private-sector partnerships worth AED28 billion, all aimed at building a future-ready, people-centric city. News Source: Dubai Media Office
