"The UAE economy growth is expected to lower to 3.9 percent in 2012 after a solid 2011, when the GDP expanded 5.2 percent led by high oil prices and a 10.2 percent increase in oil production, according to a review of the UAE economy by Global Investment House.
Even as growth in oil sector is expected to slow down in 2012, the nonoil sector has continued its resurgence witnessing a 3.5 percent growth, on the strength of its services sector, manufacturing, utilities, and the recovering construction sector.
The economy is expected to grow 3.1 percent in 2013, led by nonoil sectors that would continue to see massive infrastructure spending, primarily in Abu Dhabi and Dubai."
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