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Abu Dhabi 2013 Growth Accelerated, Sees Strong 2014

Abu Dhabi 2013 Growth Accelerated, Sees Strong 2014

GDP growth in 2014 for the emirate has been forecast at 6.7 per cent.

The emirate of Abu Dhabi posted real growth in its gross domestic product of 7.4 per cent in 2013, up from 5.6 per cent in 2012, its Department of Economic Development said on Monday.

Shorooq al-Zaabi, head of development indicators at the government body, forecast GDP growth of 6.7 per cent this year.

At a presentation to the media, she also predicted Abu Dhabi’s oil production would rise steadily through 2017 but that oil prices would fall moderately, to $95 a barrel in 2017 from $109 last year.

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