The emirate reported a gross domestic product of USD 326 billion last year, heavily driven by the non-oil sector. The manufacturing sector was the largest contributor, followed by construction.
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A report issued this month has shown that production costs in information technology, gas for industrial purposes, electric energy, and utilities for the auto industry are lower than in six other countries.
Additionally, an import substitution program will encourage production by non-nationals in the country.
During a seminar at the Arab Chamber, authorities said Brazil can benefit from Egypt’s free trade agreements with other parts of the world via indirect exports.