Abu Dhabi economy expected to grow 4 pct in 2012

Ahram Online, Tuesday 27 Dec 2011

Growth in GDP is mainly driven by the rise in the oil, public and private sectors of the Persian gulf Emirate

Gross Domestic product of Abu Dhabi is expected to grow 4 per cent to reach 750 billion dirhams ($204 billion) in 2012, according to the Abu Dhabi Chamber of Commerce and Industry.

The capital of the United Arab Emirates expects the size of its lucrative oil sector to grow to DH385 billion in 2012 from DH347 billion in 2011.

The public sector's share of GDP is forecast to rise to Dh133 billion in 2012, up from Dh126 billion in 2011.

The private sector is also estimated to growth to DH232 billion, a 6 per cent rise over 2011.

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