Overview of the Construction and Mining Industry in UAE and How to Buy Equipment.
UAE
The United Arab Emirates is a Middle Eastern country bordering Suadi Arabia and Oman.
- UAE has a population of 9.771 million.
- Capital: Abu Dhabi
- Official Language: Arabic
- Total Area: 83,600 km²
- Currency: United Arab Emirates dirham (AED)
Economic Statistics of UAE
UAE has the second-largest economy in the Arab world (after Saudi Arabia). In 2019, it had a Gross Domestic Product (GDP) of 421.1 billion USD and was estimated to grow 2.57% by 2025.
Economic Sector Divide
Here are the shares of the economic sectors in the GDP of UAE as of 2019
- Agriculture: 0.73%
- Industry: 46.16%
- Services: 53.11%
Trade Statistics
The major trading partners of the country are:
Main Import Partners
- China: 13.9%
- India: 11.7%
- United States: 7.47%
- United Kingdom: 4.18%
- Germany: 4.17%
Main Export Partners
- India 9.85%
- Japan: 8.96%
- China: 7.2%
- Saudi Arabia: 7.11%
- Oman: 4.83%
Industries of UAE
Mining Industry of UAE
UAE’s mining sector used to be heavily dependent on exploring oil. However, the mining industry there is growing so fast and is becoming a highly profitable contributor to the country’s GDP. It mainly involves the exploration of rocks and sand to manufacture cement and building stones for construction.
The Emirate of Fujairah has an abundance of minerals such as copper, gypsum, chrome, and precious metals. These have attracted organizations to invest in the mining sector to explore and exploit the reserves, which has led gold and diamond to be the second-largest revenue resource for UAE.<./p>
The mining sector has contributed about 393.4 billion UAE Dirham (2018) to the GDP and is the leading primary sector of the economy and makes up 161% of the foreign trade – Oil alone makes up about 30% of the country’s GDP.
It is projected that the revenue of mining in the UAE will amount to approximately 115.3 billion U.S dollars in 2024. UAE has increased spending in this sector to create more jobs, expand infrastructure, and encouraging involvement from the private sector by opening up utilities.
There is a bright future in the mining industry, considering its forecasts will remain increasingly profitable. To contribute to this sector, choose Camamach. It brings you the best mining and mineral processing equipment at cheap rates.
Construction Industry of UAE
The UAE construction market was valued at USD 101.45 billion in 2020, and it is expected to reach a value of USD 133.53 billion by 2026.
The construction industry in the United Arab Emirates (UAE) is expected to rebound by 3.1% in 2021, following a decline of 4.8% registered in 2020. The industry is then expected to expand at an annual average of 3.8% between 2022 and 2025.
The infrastructure projects are a vital part of UAE’s economic expansion. The government focuses on transport infrastructure projects, investment in renewable energy infrastructure, and affordable housing and pipelines.
Camamach has stocked the highest quality construction equipment for you at competitive rates to cash in on the development projects.
Seaports and Trading Hubs of UAE
UAE is accessible through both land and sea. Its main seaports are:
- Jabel Ali
- Mina Rashid
- Mina Zayed
- Mina Khalid
- Khor Fakkan
Camamach uses Mina Rashid port for imports.
What heavy machinery or equipment does UAE Import?
UAE’s industrial sector is moving in the right direction. Some of the imported equipment includes Backhoe Loaders, Heavy Duty Trucks, Self-Loading Concrete Mixers, Concrete Batching Plants, etc.
What regulations are there on importing equipment to UAE?
To obtain the license, you need to get registered with the Customs Office in Dubai. The office provides a wide range of e-services to manage the import and export of goods efficiently. The declaration and clearing system of the Customs Office in Dubai is called Mirsal 2. Getting your company registered with the Customs Office is simple and straightforward. All the goods that have been exported or imported shall pass through the Customs Office.
Import Documentation
Common import documentation includes:
- Certificate of Origin
- A detailed packing list
- Import permit
Why should the UAE import equipment?
- Availability - Compared to domestic market, international suppliers are always stocked to meet your requirements.
- High Equipment Cost- Domestic suppliers can also be more expensive than international suppliers.
- Equipment Quality- International suppliers like consider both short term and long-term aspects of the delivery.
- Infrastructural Development- Increasing infrastructural development in the country demands high quality equipment at affordable rates.
Where Can I Buy Equipment for UAE?
Camamach has been exporting equipment to UAE for years. Feel free to contact us at [email protected] or WhatsApp us at +86-131-2037-9271 for a FREE quotation. We also ship worldwide; for other countries, check out our experience here.
