The commercial industrial gases market in the United Arab Emirates (UAE) is estimated to have generated revenues of $280 million in 2016. This is an increase from $67 million in 2006, indicating an average annual growth rate of 15.4% p.a.a.
In the period of 2005-2015 GDP grew at a rate of 5.3% p.a., or 2.9% p.a. when adjusted for inflation. There was an extended period of economic growth in the country from the turn of the century until the financial crisis, where there was a decline in the rate of growth of 5.2%.
Report Data: 2016