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Dubai Investments PJSC [DI], the largest investment company listed on the Dubai Financial Market, continues to play a major role in the growth of the manufacturing and industrial sector across the UAE, with significant contribution from its subsidiaries – particularly in the processing industries segment.
According to DI statistics, revenues from the DI’s manufacturing and contracting business touched Dhs1.71bn [$465.56m] as on December 31, 2012, primarily driven by the growth achieved across its subsidiaries – Glass LLC, Dubai Investments Industries LLC and Masharie LLC.
The role of DI’s manufacturing sector assumes increased significance amidst a study by Dubai Chamber of Commerce and Industry which states that the UAE manufacturing segment is amongst the highest contributing sectors to the UAE’s non-oil GDP over the last decade, with stable percentage contribution of about 14% over the period 2001-2012 and showing growth pattern similar to that of the UAE GDP growth path.