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Wednesday, 24 May 2017

Abu Dhabi economy shows signs of recovery | The National

Abu Dhabi economy shows signs of recovery | The National:

"Abu Dhabi’s economy is showing signs of recovery amid ­government spending on projects, says a senior economic official in the emirate.

"We are in the downturn of the economic cycle but we see some signs of recovery," said Khalifa bin Salem Al Mansouri, the Undersecretary at the Department of Economic Development. "The government is now spending. Those are signs of early recovery. We expect to see more signs of recovery this year and at the beginning of next year."

Mr Al Mansouri said the projects include a Dh7 billion spending plan announced by Abu Dhabi Municipality as well as tourism projects announced by the Government on Yas and Saadiyat islands."

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