UAE state firms plan $30bn in purchase deals for local manufacturers

DUBAI: State firms in the United Arab Emirates will allocate 110 billion dirhams ($30 bn) in potential purchase agreements for local manufacturers, the minister of industry and advanced technology said on Tuesday.

UAE to build Red Sea port in Sudan in $6bn investment package

“This unprecedented move will contribute to creating opportunities for the growth of the national industrial sector, adding at least 6 billion dirhams annually to the GDP,” Sultan al-Jaber told a conference in the capital Abu Dhabi.