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Abu Dhabi eyes 4pc GDP growth in 2016

ABU DHABI, December 12, 2015

Abu Dhabi's gross domestic product is expected to grow by around 5.2 per cent this year and four per cent in 2016, a government official said.

"Next year's growth will be affected by oil prices. After the recent Opec meeting, there will be some impact," Rashed Ali Abdulla Al Zaaabi, acting executive director of planning and statistics at the Abu Dhabi Department of Economic Development, told an economic forum.

He added that GDP growth in the emirate, the largest of the seven which constitute the UAE, would average 4.2 per cent between 2015 and 2019.-Reuters




Tags: abu dhabi | GDP | growth |

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