Remarkable economic data released from the official UAE news agency WAM reveals that Abu Dhabi’s nominal GDP surged by a fraction under 30 per cent last year, mainly due to the high price of oil although the non-oil economy also joined in the expansion thanks to a clear diversification plan.
Over the past decade the city state, the leading emirate of the federation of the United Arab Emirates, saw its GDP quadruple to $224 billion with last year’s growth alone worth an additional $50 billion.
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