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Key UAE business sectors receive credit

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. Real estate and construction platforms received AED16.4 billion in 2020, 5.3 percent up from 2019, bringing to AED328 billion the cumulative loan volume received by this sector by the end of last year.

Key UAE business sectors receive credit

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 billion in loans last year, 48.6 percent up from 2019, which brought to AED85 billion the cumulative loan volume these sectors received by the end of last year.
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