{"id":55571,"date":"2016-11-03T16:05:00","date_gmt":"2016-11-03T18:05:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/uae-looks-to-increase-industrys-share-of-gdp\/"},"modified":"2019-06-30T12:50:27","modified_gmt":"2019-06-30T15:50:27","slug":"uae-looks-to-increase-industrys-share-of-gdp","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/uae-looks-to-increase-industrys-share-of-gdp\/","title":{"rendered":"UAE looks to increase industry\u2019s share of GDP"},"content":{"rendered":"<p>S&atilde;o Paulo &ndash; The United Arab Emirates&rsquo; minister of Economy, Sultan Al Mansouri, said the country plans on increasing the share of industry in Gross Domestic Product (GDP) to 20% by 2021. Last year, industry accounted for 16% of the economy, <em>The National<\/em> reported.<\/p>\n<p>&ldquo;The ministry is currently closely working with its strategic partners on a slew of laws and regulations that will develop the sector and bolster its attractiveness,&rdquo; Mansouri said.<\/p>\n<p>The Gulf country is aiming to slash oil&rsquo;s share of total revenue from 30% to 20% by 2021. Measures being put in place include antidumping and foreign investment laws.<\/p>\n<p>Abu Dhabi plans to increase its contribution to the national industrial GDP from 5% to 10% in the long run. Dubai has developed an industry-oriented strategy designed to add USD 43 billion to the economy by 2030. The strategy includes creating 27,000 jobs and increasing exports by USD 4.3 billion. <\/p>\n<p>In the first half of this year, the UAE&rsquo;s total non-oil trade, including exports and imports, was up 3% from the year-ago period, to USD 150.6 billion. The UAE had a GDP of USD 370.2 billion in 2015, according to the World Bank.<\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-188713\">WAM\/June 2015<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Emirati Minister of Economy Sultan Al Mansouri intends to have the sector account for 20% of the gross domestic product by 2021, up from a current 16%. Abu Dhabi and Dubai already have strategies in place.<\/p>\n","protected":false},"author":2316,"featured_media":188713,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-55571","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"wps_subtitle":"Emirati Minister of Economy Sultan Al Mansouri intends to have the sector account for 20% of the gross domestic product by 2021, up from a current 16%. Abu Dhabi and Dubai already have strategies in place.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/55571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=55571"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/55571\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/188713"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=55571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=55571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=55571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}