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FINANCIAL NEWS
Abu Dhabi private sector to represent 6.4% of 2012’s GDP
16 Apr 2012
(MENAFN) The Abu Dhabi Chamber of Commerce and Industry said that the emirate’s private sector would grow to contribute 6.4 percent to the capital’s gross domestic product (GDP) this year, reported Emirates 24/7.
The chamber added that the sector’s contribution would be expected to reach USD63.14 billion in 2012, up from USD59.33 billion in 2011.
It also said that the non-oil government sector is forecasted to grow by 5.5 percent in the current year to USD36.20 billion, compared with around USD34.29 billion recorded last year.
It is worth noting that Abu Dhabi’s oil sector is forecasted to expand by around 10.9 percent in 2012 to reach USD104.79 billion, compared with nearly USD94.44 billion in 2011, nearly half the emirate’s overall GDP of USD188 billion.
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