Tuesday 3 May 2011

Abu Dhabi sees 2011 economic growth at 4.5 pct - Maktoob News

Abu Dhabi's economy is expected to grow by 4.5 percent this year, below government plans, while inflation in the Gulf Arab emirate should hold at around 3 percent, a government official said on Tuesday.

Abu Dhabi, the capital of the United Arab Emirates, plans to increase its economic output by an average of 7 percent a year until 2015.

'There are many factors that will drive growth. Industry, tourism,' Mohammed Omar Abdullah, undersecretary at Abu Dhabi's Department of Economic Development, told reporters at an investment forum.

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