Friday, 30 September 2011

gulfnews : Abu Dhabi set to quadruple GDP

The massive infrastructure development in Abu Dhabi is expected to boost the emirate's non-oil trade and push up the real gross domestic product (GDP) from Dh382 billion in 2008 to nearly Dh1.53 trillion in 2030, senior government officials said at a conference.

As Abu Dhabi continues its efforts to diversify production away from the oil and gas sector, a slew of multi-billion dirham projects is set to transform the capital city's infrastructure and production outlook.

Currently, only 45 per cent of Abu Dhabi's GDP comes from non-oil contributions, but infrastructure developments in the air and on the ground will aim to reverse this trend so that these industries contribute at least 60 per cent of the produce within the next two decades.

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