Abu Dhabi GDP seen up 4.8%

Abu Dhabi?s non-oil economic growth reached 45 per cent in 2013 against 43 per cent in the year-ago period, reflecting an overwhelming success of government policies to move away from an oil-dominated economy.

The non-oil growth ?confirms the strength and stability of the economy of Abu Dhabi and gives it significant competitive advantage by enhancing its attractiveness to domestic and foreign investments,? said Nasser Dayan, director of Economic Statistics at Statistics Centre ? Abu Dhabi, or Scad.

Scad estimated Abu Dhabi?s GDP in 2013 to climb 4.8 per cent to Dh953.239 billion. In the last decade, it has registered a five-fold increase, growing from Dh185.7 billion in 2001 to an estimated Dh953.239 billion in 2013.

Scad unveiled the final results and economic surveys for 2012, which computed the GDP for the Emirate of Abu Dhabi, and GDP estimates for 2013.

The conference was attended by Nasser Dayan, director of the Economic Statistics Department; Dr Mohammed Al Dhaheri, director of Field Surveys; Shamma Al Rumaithi, director of National Accounts; and Osama Al Zugbi, assistant director of the Economic Statistics Department.

Dayan said that the important results and estimates reached by Scad on economic developments in Abu Dhabi last year indicated that all economic activities and sectors, oil and non-oil, experienced growth.

via Business – Abu Dhabi GDP seen up 4.8%.