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FINANCIAL NEWS
Abu Dhabi eyes 3.8% GDP growth in 2011
02 Jan 2011
(MENAFN) The Abu Dhabi Chamber of Commerce and Industry said in a report that the emirates’ 2011 gross domestic product (GDP) is forecasted to expand by 3.8 percent to $154.4 billion, Arabian Business reported.
According to the report, the contribution of non oil industries to the GDP for the emirate is expected to increase by 5.1 percent to $70.3 billion, and it made up 45 percent of the capital’s GDP.
The report also showed that Abu Dhabi’s exports are expected to amount to $91.3 billion, excluding re-exports next year, and the Abu Dhabi Tourism Authority said that it expected tourism to rise by 15 percent in 2011, while contributing 11 percent towards it non oil GDP.
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