How healthy is Abu Dhabis economy?
The Abu Dhabi economy is very healthy. In 2005 GDP growth was 11%, higher than the UAE at 10.6% and the Middle East and North African region at 6%. This is as a result of the Government’s decision to diversify the emirate’s economy from its historic dependence on oil and gas. Along with the traditional energy industries, growth in 2005 was driven by various sectors such as industry, real estate, transport and telecommunications, construction, financial and insurance markets, wholesale and retail trade, restaurants and hotels. In real estate it is predicted that the value of construction projects in Abu Dhabi emirate will rise from the Dhs 8.6 billion achieved in 2005 to Dhs 23.12 billion in 2006.
