More details on the new strategic plan outlined by the government:
Dubai economy set to treble by 2015
Dubai plans to achieve economic growth of 11 percent per year to 2015 and almost double its workforce, the Gulf emirate's ruler said on Saturday. Outlining the next phase of a development drive that has turned the tiny desert emirate into the commercial hub of the world's top oil exporting region, Sheikh Mohammed bin Rashid al-Maktoum said Dubai wants to almost triple its gross domestic product to $108 billion.The entire UAE, including oil-rich Abu Dhabi, registered GDP of only $104 billion in 2005, $37 billion of which came from Dubai. Singapore's GDP in 2005, by comparison, was $116 billion.
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Dubai plans to achieve economic growth of 11 percent per year to 2015 and almost double its workforce, the Gulf emirate's ruler said on Saturday. Outlining the next phase of a development drive that has turned the tiny desert emirate into the commercial hub of the world's top oil exporting region, Sheikh Mohammed bin Rashid al-Maktoum said Dubai wants to almost triple its gross domestic product to $108 billion.The entire UAE, including oil-rich Abu Dhabi, registered GDP of only $104 billion in 2005, $37 billion of which came from Dubai. Singapore's GDP in 2005, by comparison, was $116 billion.
Continue to the full story from Source.
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