The H1-2022 manufacturing report, issued by the Industrial Development Bureau (IBD), part of the Abu Dhabi Department of Economic Development (ADDED), has confirmed the strong growth of the Emirate’s industrial sector. New industrial licenses (Rowad) reached 136, and those transitioning to the construction phase reached 62, with the number of licenses having moved from under-construction to in-production reaching 44 factories. The total number of active in-production licenses was 866 by end of June 2022.
The total value of Capital Expenditures (CAPEX) of industrial establishments that switched to the in-production stage rose to 3.1 billion dirhams compared to 1.03 billion dirhams in the same period last year, according to WAM.
The report revealed positive indicators including the growing number of government tenders awarded to companies with In-Country Value (ICV) certificates, under the Abu Dhabi Local Content program (ADLC), reaching 466 tenders, up from 95 tenders in H1-2021. The value of tenders won by ICV holding companies rose from 550 million dirhams in the first six months of 2021 to 970.5 million dirhams in H1-2022.
Tenders with local content value represent 41.9 percent of tenders awarded to ICV certificate holding companies, which means 407 million dirhams were re-injected into the local economy to support local products, compared with 215.2 million dirhams in the first half of 2021.
Moreover, tenders awarded to ICV holding companies made up 56.1 percnet of 827 total government tenders, with 72 percent of the total value of government tenders, amounting to 1.33 billion dirhams.