UAE industrial exports to reach AED174 billion by 2022

The UAE's industrial exports will peak at AED174 billion in 2022. Industrial companies operating in the UAE have received a total of AED 699 million in earmarked funding in 2022 to procure high-tech solutions as part of the "Action 300 Billion" plan launched in 2021.

The UAE Ministry of Industry and Advanced Technology issued 263 industrial production licenses in 2022, an increase of 20% year-on-year; the Domestic Value Initiative (ICV) reinvested AED53 billion into the economy, an increase of 25% year-on-year.