GDP growth target of 4-4.5% for Dubai 2012-15 still higher than most of the rest-of-the-world « ArabianMoney

Dubai will achieve GDP growth of four to 4.5 per cent for the years 2012-15, forecast chief economist of the Dubai Department of Economic Development, Dr. Mohamed Lahouel speaking to a joint meeting of the Russian, Hellenic and Italian Business Councils today.

Head of foreign investment promotion Fahad Al Gergawi also addressed the same event with a presentation of Dubai as a ’safe and unique gateway to the region for business’ with a world-class urban infrastructure. One lawyer attending told ArabianMoney his firm is now spending more time setting up companies than dealing with real estate disputes.

* username: rupertbu