UAE's non-oil GDP grew 2.5% to $33billion in 2018

Incentives include offering 10-year residency visas for foreign investors and professionals.

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Economic expansion is primarily driven by non-oil sectors, including manufacturing, construction, transshipment, and financial service industries.
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Economic expansion is primarily driven by non-oil sectors, including manufacturing, construction, transshipment, and financial service industries.

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Fresh figures from the Federal Competitiveness & Statistics Authority show that the manufacturing sector's contribution to the UAE's non-oil GDP grew 2.5% to $33billion in real prices in 2018.

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State-held news agency Wam reports the sector has maintained steady growth over the past five years, with gross output growing 5% in 2017, during which time manufacturing industries hit a growth rate of 4.8%.

Economic expansion is primarily driven by non-oil sectors, including manufacturing, construction, transshipment, and financial service industries.

Efforts to promote key non-oil sectors and attract investment have been highlighted as core ways in which to boost activity across the UAE and create jobs.

Incentives include offering 10-year residency visas for foreign investors and professionals (medical, science, technical fields) and 100% ownership of companies.

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