Real estate and investment sectors lead private companies’ activities in UAE
21/09/2015 12:52 pm EDT

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DUBAI UAE - SEPTEMBER 10: Night view on Dubai city on September 10 2013 Dubai UAE. In the city of artificial channel length of 3 kilometers along the Persian Gulf.

The UAE Ministry of Economy reveals that the total number of private shareholding companies in the UAE reached 150, with a total of subscribed or registered capital of AED143.675 billion by the end of 2014.

The ministry adds that shareholding companies in the UAE recorded an increase in their registered capitals by roughly three per cent compared with 2013, UAE-based Emarat Al Youm reports.

The ministry’s data shows that companies’ paid capitals recorded an increase from AED132.8bn in 2013 to AED136.3bn in 2014.

According to data, the real estate sector acquired the largest share in the recorded investments volume in the UAE, with 64 per cent of total paid capitals in 2014.

The ministry points out that the relative importance of the real estate sector dropped by one per cent last year, as against the investment sector, which registered ten per cent growth by the end of 2014, compared with 2013.

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