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Abu Dhabi's gross domestic product (GDP) is expected to see an 8.2% boost this year and will maintain a steady growth rate of no less than 13% to hit AED584 billion ($159 billion) in 2010, according to a report.
Non-oil sectors in the emirate are expected to keep a steady annual growth of at least 18%, said a recent report by the Abu Dhabi Chamber of Commerce and Industry (ADCCI).
The share of non-oil sectors in the GDP is expected to rise to AED 163 billion ($44.4 billion) in 2007, up from AED138 billion ($37.6 billion) in 2006. It is set to jump to AED263 billion ($71.6 billion) in 2010.
Abu Dhabi's non-oil sectors accounted for 37% of its GDP in 2006, a contribution that is expected to surge to 45% by 2010.
The boost in Abu Dhabi's non-oil sectors is due to large investments being pumped into the emirate's economy in the coming years to develop and boost its various sectors, the report said, expecting a steady growth in the emirate's foreign trade.
The emirate's foreign trade surged to around AED36.34 billion ($9.9 billion) in the first half of 2007, compared to around AED25.97 billion ($7.1 billion) for the same period last year.
And its foreign trade grew to AED305 billion ($83 billion) in 2006, witnessing a 26% boost.
Countinua, women from NIGERIA will put you in their prayers more
Monday, 17 June 2013 5:40 PM - BINTU B M SULEIt's typical and pretty sad that people here only blame the Saudis. What these people seem to forget is that Indian institutions and contractors are the... more
Monday, 17 June 2013 9:06 AM - narendramodiDoes ultra long haul aircraft technology not threaten the 'super connector' competitive advantage of Emirates? Surely if I can fly direct from Rome to... more
Monday, 17 June 2013 1:40 PM - Alex WCountinua, women from NIGERIA will put you in their prayers more
Monday, 17 June 2013 5:40 PM - BINTU B M SULE
@anguilla: Kalba town is part of the Sharjah Emirate.
along with khor fakkan and dibba al hisn.
http://en.wikipedia.org/wiki/Sharjah_%28emirate... more
It's typical and pretty sad that people here only blame the Saudis. What these people seem to forget is that Indian institutions and contractors are the... more
Monday, 17 June 2013 9:06 AM - narendramodi@ Henry, enough of whining, the host country does not need you, it is your employer that needs your services and you know well enough that you can be made... more
Saturday, 1 June 2013 11:32 AM - ZainOrganizations like HRW, Green peace, ILO, UNHCR are so self serving that it is amazing they still exist! they spend 60/70 percent of their budgets (meant... more
Thursday, 30 May 2013 7:53 PM - NavinIf one wants to visit or live in Bahrain one must abide by the laws. Living without pork is no huge sacrifice. Muslim and Jewish nations subscribe to this... more
Saturday, 25 May 2013 6:05 PM - Jeffrey Kershaw
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