Business Cycle Index 2013 revealed strong performance of sectors with expectations of high growth rates

The economic performance in the Emirate of Abu Dhabi improved significantly in 2013, driven particularly by the growth and development of real estate, tourism and trade sectors, amid expectations of continued stimulants of growth, backed by decision makers in the Government of Abu Dhabi.

The results of the business cycle index for the Emirate of Abu Dhabi 2013, issued by the Studies Directorate of Abu Dhabi Department of Economic Development, showed that all sectors indicators reflected the strong performance of the economy of Abu Dhabi in 2013, especially during the second half of the year. Individuals, consumers, businessmen and industrialists praised the noticeable improvement in the economic performance of the emirate.

The results showed the significant improvement which streamed the real estate sector and the revival in demand for real estate units. The commercial activity, during the second half of the year witnessed rising demand for various fast moving and durable consumer goods.

The tourism sector recovered in the same period, especially during the month of December, when commercial licenses momentum was in place. The number of commercial and professional licenses in 2013 increased considerably compared to 2012.

via Business Cycle Index 2013 revealed strong performance of sectors with expectations of high growth ratesUAE – The Official Web Site – News.

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