Private sector growing in Abu Dhabi
The private sector made up nearly a third of Abu Dhabi’s overall gross domestic product of Dh691 billion last year, according to Mohammad Thani Murshed Al Rumaithi, chairman of the Abu Dhabi Chamber of Commerce and Industry.
“The sector’s contribution to GDP was estimated at around Dh218 billion in 2011 and is forecast to reach Dh232 billion this year,” Al Rumaithi told delegates at the annual Abu Dhabi conference organised by MEED in the capital.
“It is expected that the sector would grow by about 6.4 per cent this year while the non-oil public sector is projected to expand by 5.5 per cent. The non-oil public sector stood at about Dh126 billion but could grow to Dh133 billion this year,” he added.
- Trouble getting them, trouble keeping them? Middle East firms challenged in attracting, retaining talent
- Does capitalism provide a solution to terrorism?
- No pain, no gain: Tunisian economy needs three years of tough love before rebounding
- How will MENA economies look in 2015?
- Sanctions face-off: Iran to unveil its corporate side in London next week