Abu Dhabi's economy set to grow 8.2 per cent in 2008
Abu Dhabi economy is projected to grow 8.2 per cent this year and 13 per cent over the coming years, according to chairman of Abu Dhabi Chamber of Commerce and Industry (ADCCI).
''The growth will be fuelled by the substantial rise in the gross domestic product of over AED 400 billion in 2007. The GDP of the emirates is set to surge to AED 584 billion by 2010, said Selah Al Shamsi in an address before the Abu Dhabi economic forum which kickstarted Sunday.
''Great achievements made in the last two years in regards to government restructuring and greater engagement of the private sector in the emirate's comprehensive development will open up a new chapter of public-private sector partnership in order to mobilise energies and resources towards overall development,''he added.
According to him, the sound economic policy adopted by the government of Abu Dhabi has created a competitive investment environment locally and internationally, a privilege which further establishes Abu Dhabi position at the global economy.
The high profile event is attracting large participation by corporate leaders, bankers, economists and businessmen from Abu Dhabi, the Gulf and globally.
The Forum's proceedings will for two days focus on Abu Dhabi main economic trends and the potential impact of the government new policy agenda on investment flows, government spending and business opportunities in the Emirate's various economic sectors.
Speakers will in particular tackle the multi-billion spending programme on infrastructure designed to underpin the Emirate emerging and fast expanding economy and the government plans for developing the industry, particularly energy and capital intensive industries.
The forum will also discuss among other topics the outlook for real estate and tourism sectors in the potential impact of accelerated development and mega projects on Abu Dhabi's plan to become a major destination for tourism, businesses and leading world class industries. (WAM)
''The growth will be fuelled by the substantial rise in the gross domestic product of over AED 400 billion in 2007. The GDP of the emirates is set to surge to AED 584 billion by 2010, said Selah Al Shamsi in an address before the Abu Dhabi economic forum which kickstarted Sunday.
''Great achievements made in the last two years in regards to government restructuring and greater engagement of the private sector in the emirate's comprehensive development will open up a new chapter of public-private sector partnership in order to mobilise energies and resources towards overall development,''he added.
According to him, the sound economic policy adopted by the government of Abu Dhabi has created a competitive investment environment locally and internationally, a privilege which further establishes Abu Dhabi position at the global economy.
The high profile event is attracting large participation by corporate leaders, bankers, economists and businessmen from Abu Dhabi, the Gulf and globally.
The Forum's proceedings will for two days focus on Abu Dhabi main economic trends and the potential impact of the government new policy agenda on investment flows, government spending and business opportunities in the Emirate's various economic sectors.
Speakers will in particular tackle the multi-billion spending programme on infrastructure designed to underpin the Emirate emerging and fast expanding economy and the government plans for developing the industry, particularly energy and capital intensive industries.
The forum will also discuss among other topics the outlook for real estate and tourism sectors in the potential impact of accelerated development and mega projects on Abu Dhabi's plan to become a major destination for tourism, businesses and leading world class industries. (WAM)
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