Abu Dhabi economic performance 'positive'
ABU DHABI, November 4, 2018
The macroeconomic and sectoral indexes of the second quarter of this year reflect a positive economic performance in Abu Dhabi, particularly in non-oil activities, a report said.
This confirms the rising levels of investor confidence and business optimism about the emirate's economic outlook, said the Wam news agency report citing the Q2 economic follow-up report issued by the Department of Economic Development - Abu Dhabi (ADDED), based on the data produced by the Statistics Centre - Abu Dhabi.
Saif Al Hajeri, chairman of ADDED, stated that the results are issued at the time when a range of economic and development initiatives and associated programmes have been announced by federal and local governments to stimulate the domestic economy, enhance business environment and support the development drive in the Emirate of Abu Dhabi and the UAE.
He referred to the Dh50 billion stimulus package for Abu Dhabi and to Abu Dhabi Government Accelerators Programme 'Ghadan 21' in addition to the resolutions of the Federal Government on foreign ownership, residence facilities for investors, qualified personnel and retirees along with the other initiatives launched at the level of national entities in the emirate.
The report expected that the implementation of the announced economic and development initiatives and associated programmes will contribute to enhancing investor confidence and eliminating concerns about the future.
