{"id":21,"date":"2015-10-09T18:42:00","date_gmt":"2015-10-09T18:42:00","guid":{"rendered":"https:\/\/hussainalnowaisbiography.org\/?p=21"},"modified":"2026-04-17T18:43:03","modified_gmt":"2026-04-17T18:43:03","slug":"hussain-al-nowais-says-senaat-plans-to-invest-further-in-abu-dhabis-industrial-sector","status":"publish","type":"post","link":"https:\/\/hussainalnowaisbiography.org\/index.php\/2015\/10\/09\/hussain-al-nowais-says-senaat-plans-to-invest-further-in-abu-dhabis-industrial-sector\/","title":{"rendered":"Hussain al Nowais Says Senaat Plans to Invest Further in Abu Dhabi\u2019s Industrial Sector"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"296\" height=\"207\" src=\"https:\/\/hussainalnowaisbiography.org\/wp-content\/uploads\/2015\/10\/Screenshot_20260417_144254.png\" alt=\"\" class=\"wp-image-23\"\/><\/figure>\n\n\n\n<p>After reporting strong first-half results, Senaat \u2013 the industrial holiday company of the Abu Dhabi government \u2013 plans to further invest in the UAE\u2019s industrial sector. On July 31, Senaat posted a 20% year-on-year rise in net profit to Dh453 million. The earnings before taxes, interest, depreciation and amortization surpassed Dh1 billion for the first time.<\/p>\n\n\n\n<p>The company plans to reinvest these profits to continue developing its portfolio companies and form new projects. Senaat\u2019s entire portfolio totals Dh26.8 billion, including investments of over Dh18bn during the past decade.<\/p>\n\n\n\n<p>The company has full or partial ownership in six businesses \u2013 National Petroleum Construction Company, Emirates Steel, Arkan Building Materials, Al Foah, Agthia and Ducab \u2013 and is developing two companies, Al Gharbia Pipe Company and Taweelah Aluminium Extrusion Company.<\/p>\n\n\n\n<p>In March, Senaat said it would invest Dh5bn in the country\u2019s industrial sector over the next two years. According to <a href=\"https:\/\/web.archive.org\/web\/20240807034159\/https:\/\/www.pinterest.com\/HussainAlNowais\/\">Senaat Chairman Hussain al Nowais<\/a>, Senaat will continue to fund its investments using its profits and the prudent use of debt. Al Nowais said Senaat has several investment plans and strategic projects being developed that will help with the diversification of Abu Dhabi\u2019s industrial base and increase the prominence of the non-oil industry sector in the country\u2019s GDP.<\/p>\n\n\n\n<p>Oil and gas contribute to 30% of the UAE\u2019s economy, and the country is working toward diversifying its economy from oil and gas. In terms of its GDP contribution, the county\u2019s industrial sector is half the size of gas and oil. The UAE government expects to grow the size of its industrial sector over the next five years by five percentage points.<\/p>\n\n\n\n<p>In April, Ministry of Economy Undersecretary Abdullah Al Saleh said the UAE hopes to reduce the oil and gas sector\u2019s contribution to the GDP by diversifying and developing other important and increasing their contribution to the GDP, including the services sector and industrial sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After reporting strong first-half results, Senaat \u2013 the industrial holiday company of the Abu Dhabi government \u2013 plans to further invest in the UAE\u2019s industrial sector. On July 31, Senaat posted a 20% year-on-year rise in net profit to Dh453 million. The earnings before taxes, interest, depreciation and amortization surpassed Dh1 billion for the first [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hussain al Nowais Says Senaat Plans to Invest Further in Abu Dhabi\u2019s Industrial Sector - hussainalnowaisbiography.org<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hussainalnowaisbiography.org\/index.php\/2015\/10\/09\/hussain-al-nowais-says-senaat-plans-to-invest-further-in-abu-dhabis-industrial-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hussain al Nowais Says Senaat Plans to Invest Further in Abu Dhabi\u2019s Industrial Sector - hussainalnowaisbiography.org\" \/>\n<meta property=\"og:description\" content=\"After reporting strong first-half results, Senaat \u2013 the industrial holiday company of the Abu Dhabi government \u2013 plans to further invest in the UAE\u2019s industrial sector. 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