Thursday, 8 January 2009

Abu Dhabi's new growth path

Abu Dhabi: The Abu Dhabi government has announced a long-term plan that would turn the emirate into a knowledge-based economy and reduce its dependence on the oil sector as the main source of economic activity, the Emirates News Agency (WAM) reported on Wednesday.

The plan is in line with the vision of President His Highness Shaikh Khalifa Bin Zayed Al Nahyan.

The document, titled Abu Dhabi Economic Vision 2030, contains a comprehensive plan to diversify the emirate's economy and achieve a noticeable growth in the contribution of non-oil sector to the gross domestic product (GDP) of the emirate by 2030.

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