The U.A.E. textile industry is not only the country's largest trading sector after oil but it is also one of biggest employment providers in the industrial sector, according to a U.A.E. economic and trade expert.
The textile industry occupies an important place in the U.A.E. economy as a whole because of its contribution to the industrial output, employment generation and foreign exchange earnings, said Midhat M. Abu Ghazaleh, CEO, Abughazaleh Trading Company.
He added that U.A.E.'s textile exports cover more than 50 countries in Africa, the Middle East, South Asia and Europe, while major exporters are China, South Korea, Japan and Indonesia.
Abu Ghazaleh revealed that home-grown garment brands were gaining greater popularity in the local market and abroad, and stressed that more aggressive marketing programs were needed to promote the country as a high quality clothes producer and incentivise key players in the industry.
Referring to men's wear volumes, Abu Ghazaleh quoted latest reports to reveal that this segment had grown significantly from its initial figure of 16,250,000 units in 2006.
He added that home-grown luxury brands were in high demand from brand conscious male consumers with high purchasing power, and the U.A.E. was strongly poised to be one of the world's major textile and apparel markets.
"The U.A.E. textile industry has a diversified product portfolio. Some of the textiles produced in the country are car seats, tents and curtains, in addition to clothes. The knitted fabric is most in demand in U.A.E., accounting for around 49.7%, followed by woven fabrics," he said.
According to the latest reports, the U.A.E.'s textile and garment companies have improved and upgraded their raw material storage, packing and transport facilities for large-scale operations.
The U.A.E. is also reputed for exports of garments, based on bulk import of textile and textile articles from China and India. Both these markets constitute a major segment of the textile and textile imports since the cost of manufacturing is significantly lower in these countries due to the availability of cheaper labour and lower input costs.
Source: WAM
GMT 10:18 2018 Thursday ,30 August
Iran incapable of closing Hormuz, Bab Al MandebGMT 09:34 2018 Tuesday ,23 January
IMF raises global growth forecasts, US tax cuts provide boostGMT 05:14 2018 Tuesday ,23 January
Macron hosts 140 CEOs in pre-Davos charm offensiveGMT 05:02 2018 Monday ,22 January
Trump lashes out ahead of vote to end shutdownGMT 09:08 2018 Sunday ,21 January
Trump and 'Davos Man': best of enemiesGMT 07:16 2018 Friday ,19 January
Calls for action over dirty money flowingGMT 07:48 2018 Thursday ,18 January
Watchmakers hope to make Chinese market tickGMT 07:41 2018 Thursday ,18 January
Economists call for overhaul of eurozone fiscal rulesMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor