Wednesday, 15 February 2012

Dubai to target 4.5 pct growth in 2012 -official - Yahoo!

Dubai will aim for economic growth of 4.5 percent this year, up from an estimated expansion of more than 3 percent in 2011, a senior economic official said on Wednesday.
"The GDP of Dubai has witnessed growth of 2.5 percent in 2010 and it is expected to increase over 3 percent in the year 2011," Sheikh Ahmed bin Saeed al-Maktoum, chairman of the Dubai Supreme Fiscal Committee, said during a presentation on the emirate's economic outlook.
"And we hope in this year we will see more and can get to 4.5 percent."

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