Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- High-tech sectors to be key  Join our daily free Newsletter

MENAFN - Khaleej Times - 09/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Aerospace aviation and defence to contribute up to 3% to abu dhabi?s gdp

Abu dhabi’s booming aerospace aviation defence industries are expected to contribute one to three per cent to gross domestic product.


Speaking at the two-day global aerospace summit that attracted more than 900 executives from 52 countries homaid al shemmari chief executive officer of aerospace at mubadala said that abu dhabi has a well-thought-out strategy to diversify its economy from oil dominance by 2030.



The economic vision 2030 plan had identified new areas of comparative advantage where abu dhabi will be investing heavily in order to boost knowledge based economy and job creation he said.


Al shemmari said that abu dhabi is keen to invest in aerospace aviation defence services and satellite industries as these hi-tech sectors fulfill its economic growth objectives as abu dhabi wants to invest in capital-intensive highly-automated industrial sectors where it has comparative advantage.


Abu dhabi has 7000-strong workforce including 30 per cent emiratis while there are plans to add another 5000 more until 2025 in these sectors he said.


Meanwhile experts from the aviation and aerospace sectors discussed the challenges and opportunities faced by supply chain players at the abu dhabi suppliers forum held in the lead to abu dhabi’s second global aerospace summit. ndustry leaders shared details of their current partnerships in the middle east and identified possible partnership strategies in the future.


“our 2.5 billion commitment with local organisations such as strata mubadala and tawazun precision industries is indicative of how focused we are on working with our uae partners” added jay campbell a boeing executive speaking at the forum.


— haseeb?khaleejtimes.com

 






  MENA News Headlines
 Aug 28 2014 - HE Deputy Prime Minister to Participate in Alliance of Civilization ForumQatar News Agency
HE Deputy Prime Minister Ahmed bin Abdullah Al Mahmoud left Doha on Thursday to go to Indonesia, in order to participate in the Sixth Global Forum of the United Nations Alliance of Civilizations ...

 Aug 28 2014 - KPC signs 2bn worth oil supply deal with PetronArab Times
(MENAFN - Arab Times)  MANILA Aug 27 (KUNA): The state-owned Kuwait Petroleum Corporation (KPC) signed Wednesday a USD 2 billion-worth crude oil supply contract with Petron Singapore Trading ...

 Aug 28 2014 - Omani Al Hassan Engineering wins USD68m contract in SoharMENAFN
(MENAFN) Al Hassan Engineering Company, one of Oman's leading engineering and construction contractor, won a contract from Dealim-Petrofac Srip to develop a project in Sohar, Times of Oman ...

 Aug 28 2014 - Emirates Sky Cargo launches operations to LAMENAFN
(MENAFN) Emirates Sky Cargo, Emirates' freight division, announced adding Los Angeles to its network, thus joining Chicago, Atlanta and Houston in Emirates Sky Cargo's US freighter network with the ...

 Aug 28 2014 - Kuwait- KPC signs 2bn worth oil supply deal with PetronArab Times
(MENAFN - Arab Times)  MANILA Aug 27 (KUNA): The state-owned Kuwait Petroleum Corporation (KPC) signed Wednesday a USD 2 billion-worth crude oil supply contract with Petron Singapore Trading ...

 Aug 28 2014 - Saudi- Prince Alwaleed gives cash incentive for Hilal playersArab News
(MENAFN - Arab News) Prince Alwaleed bin Talal chairman of Kingdom Holding Company (KHC) awarded each player of Al Hilal SR20000 after the Riyadh-based football club qualified for the semifinals of ...

 Aug 28 2014 - Aid convoys trundle into Gaza as cease-fire holdsArab News
(MENAFN - Arab News) GAZA CITY Palestinian Territories: Life in Gaza resumed some semblance of normality Wednesday as a long-term truce took hold following a deal hailed by Israel and Hamas as ...

 Aug 28 2014 - Israel Hamas declare victory in Gaza warArab News
(MENAFN - Arab News) JERUSALEM: Both Israel's prime minister and Hamas declared victory Wednesday in the Gaza war though their competing claims left questions over future terms of their uneasy peace ...

 Aug 28 2014 - Saudi- SAMA net foreign assets rise to SR2.747 trillionArab News
(MENAFN - Arab News) JEDDAH: Saudi Arabia's M3 money supply growth accelerated to a three-month high of 13.2 percent year-on-year in July from 12.3 percent in the previous month central bank data ...

 Aug 28 2014 - Riyadh industrial sector records bullish growthArab News
(MENAFN - Arab News) Riyadh's industrial manufacturing sector showed solid performance over the last year up to the second quarter of 2014 as strong demand fundamentals combined with increased public ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help