- Middle East
- AED44.1 billion in credit facilities received by transport, storage, communications construction and ..
AED44.1 Billion In Credit Facilities Received By Transport, Storage, Communications Construction And Real Estate Sectors In 2020
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 15th Jun, 2021) The UAE transport, storage, communications construction and real estate sectors received AED44.1 billion in credit facilities in 2020, according to statistics revealed by the Central Bank of the UAE.
Proving to be a catalyst for economic growth despite the global slowdown, the transport, storage and communications sectors played a key role in ensuring sustainable food supply chain movements in times of crisis, and received AED27.7 bn in loans last year, 48.6 percent up from 2019, which brought to AED85 bn the cumulative loan volume these sectors received by the end of last year.