INSEAD Day 4 - 728x90

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

Industrial sector contributes 20% to Ajman’s GDP

The industrial sector contributes approximately 20 percent to Ajman's GDP.
  • This was revealed at a session in Ajman conducted in partnership with the UAE Ministry of Industry and Advanced Technology
  • The session discussed the launch of the "Make in the UAE" initiative such as the Industrial Technology Transformation programme and others

Ajman, UAE – The industrial sector contributes approximately 20 percent to Ajman’s GDP and is one of the sectors that the emirate is focused on developing through various partnerships, including strategic collaboration with the Ministry of Industry and Advanced Technology, Director-General of Ajman Department of Economic Development (DED) Abdullah Ahmed Al Hamrani said on Friday.

The Ajman DED, in collaboration with the Organising Committee for Ramadan activities in Ajman and the Citizens Affairs Office, held the second session of the Ramadan Economic Majlis under the theme “Sustainable Economy”.

The session, titled “Industrial Revolution Strategy”, was conducted in partnership with the Ministry of Industry and Advanced Technology and was presented by Tariq Al Hashemi, the Director of Technology Adoption and Development at the Ministry.

The session was opened by Omar Al Suwaidi, Under-Secretary of the Ministry of Industry and Advanced Technology, and Abdullah Ahmed Al Hamrani, Director-General of Ajman DED, at the Al Raqaib Majlis.

Speaking on the occasion, Al Hamrani explained that the session aimed to raise awareness among factory owners about the strategy of the industrial revolution and its objectives, encouraging them to upgrade their facilities to keep pace with this strategy.

Al Hamrani underlined the Ministry’s efforts in utilising advanced technology in industries through its various initiatives and projects in the UAE.

Al Suwaidi praised the ministry’s efforts, including the launch of the “Make in the UAE” initiative, the Industrial Technology Transformation programme, the Industrial Technology Transformation Index (ITTI), and the Future Factories initiatives, which aim to enhance the efficiency of entrepreneurship and merge small companies in line with advanced technology trends.