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English news

28-Jul-2019

Abu Dhabi’s nominal GDP grows 3.3% in 1Q19

Abu Dhabi’s GDP (current prices) rose 3.3% in 1Q19 according to Statistics Centre Abu Dhabi.  Oil GDP made up 39.8% of the emirate’s overall GDP in the first quarter of 2019, reaching AED89.9bn, a 11.6% increase. The government is working to consolidate public-private partnerships through the launch of various programmes as part of the Ghadan 21 programme, a AED50bn three-year initiative driving economic development, innovation, ease of doing business and liveability in the UAE capital. One of the key tenets of the programme is to develop infrastructure, including transportation, communication and urban development. 
 
 

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