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.
- Kuwait in financial flux: KSE closes the gap, making up for previous weeks' losses
- House of Saud lays out its cards: Saudi's private sector sets out its stalls to conquer 2015 via education, health, economics, social services
- Oil losses good for the Gulf sector? Slipping prices, now below $60, no threat to Saudi market
- Dubai's still got what it takes: trade tops Dh1 trillion in 2014
- Is the Syrian crisis boosting Jordan's agricultural exports? Kingdom sees more than Dead Sea product exposure with 2014's increased fruit, veg, sheep trade abroad