Dubai’s GDP grows 4.5 percent in 2014
13 Jun 2015
(MENAFN) Dubai witnessed a 4.5 percent GDP growth last year and a 6.5 percent rise in employment driven by long-term planned infrastructure investment, Arab News reported.
Quoting these figures, chairman of The H Holding Enterprise, one of the fast growing investment firms in Dubai, said that the situation has improved further in 2015, indicating stronger economic growth in the short term.
A recent Monthly Insights report published by Emirates NBD based on economic data reveals that the UAE economy expanded in Q1, 2015, notwithstanding relatively lower oil prices.
The H Holding Enterprise, which is the mother company of several firms, including Omega Real Estate, witnessed significant increase in its operations since its official launch in 2014.