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FINANCIAL NEWS
Abu Dhabi aims to double industrial sector by 10 percent
30 May 2016
(MENAFN) Abu Dhabi plans to double the size of its industrial sector as a percentage of its GDP, as it aims to spread its economy away from oil.
Moreover, the country will launch an initiative in order to enhance industrial production in the emirate.
Accordingly, it will launch a plan for industrialization in the coming six months, while there will be many chances for increasing the private sector.
The country’s private sector accounts for 27 percent of the economy, a number the Gov’t hope to boost to at least 40 percent by 2030.
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