Private sector growing in Abu Dhabi

Private sector growing in Abu Dhabi
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Published November 25th, 2012 - 05:34 GMT via SyndiGate.info

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Private sector involvement in the economy is rising in Abu Dhabi
Private sector involvement in the economy is rising in Abu Dhabi
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Abu Dhabi
,
Al Rumaithi
,
Mohammad Thani Murshed Al Rumaithi
,
Abu Dhabi Chamber of Commerce

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.

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