Industrial sector is critical for economy; Ajman Chamber

By Rahul Vaimal, Associate Editor
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Ajman Chamber of Commerce and Industry (ACCI)
Ajman Chamber of Commerce and Industry (ACCI)

The Ajman Chamber of Commerce and Industry (ACCI) organized a panel discussion under the title ‘Manufacturing and Mining Industry’ to enhance services for the Ajman Chamber members.

The aim of the discussion is to improve workers’ skills, exchange experiences, and come up with constructive ideas and initiatives that strengthen the working environment and provide services for members of the Ajman Chamber.

The virtually held panel discussion was chaired by Abdullah Al Muwaiji, Chairman of the Ajman Chamber of Commerce and Industry, while joined by Salem Al Suwaidi, Director General, executive directors and all the Chamber’s employees.

Al Muwaiji emphasized the importance of the topic of the panel discussion at the beginning of the session, especially since the Emirate of Ajman owns a leading industrial sector that represents one of the key pillars of its economy.

Al Muwaiji said that during 2019, the number of factories in Ajman reached 1,056, praising the government’s efforts to provide distinct economic components that boost the growth and sustainability of the industrial sector in particular.

The panel defined manufacturing as the industries that depend on converting raw materials resulting from extractive industries from one form to another by manufacturers such as food, clothing, textiles, paper, wood, plastics, electrical appliances and so on. As for mining, it is the process of extraction of minerals such as aluminum, oil, ammonia, steel, chromite and others, to use them in multiple industries.

The manufacturing industry contributed 8.7 percent to the UAE’s GDP in 2019, representing a major engine of the national economy.

The most important industries in the country are the gas industry, the oil refining industry, the iron industry, and the aluminum industry, which is the third-largest export in the UAE after oil and gas. The UAE is the world’s fifth-biggest manufacturer of aluminum.

Participants were also briefed on the industrial sector in the Ajman and its most important products which it exports. For the year 2019, the manufacturing sector contributed 32 percent to the GDP of the emirate.

Furthermore, the panel discussion underlined the value of following a work approach that goes hand in hand with the area of factory social responsibility. This helps to reduce factory-induced emissions and protect the environment, which is one of the most important challenges faced by the industrial sectors.

At the end of the session, the participants acknowledged the importance and role of the panel discussion in highlighting the importance of the industrial sector and providing a channel for the exchange of new ideas and recommendations in a manner that serves the working environment and the services of the members of the Ajman Chamber.