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Wed 1 Jun 2011 12:37 PM

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UAE GDP expected to grow 3-3.5% in 2011, minister says

Jordan and Morocco's entry into Gulf Cooperation Council would help stabilise region, Al Mansoori says

UAE GDP expected to grow 3-3.5% in 2011, minister says
UAE Economy Minister Sultan bin Saeed Al Mansouri

The UAE's gross domestic product is expected to grow between 3 to 3.5 percent this year, the country's economy minister said on Wednesday.

"[Growth] should be around 3 to 3.5 percent based on the first five months," Economy Minister Sultan bin Saeed Al Mansouri told reporters on the sidelines of an industry event in Abu Dhabi, capital of the UAE.

Asked about Jordan and Morocco entering the Gulf Cooperation Council (GCC), he said this would help stabilise the region.

"This is something we see as strategic within the region based on GCC countries' abilities from the financial and economic side," he added.