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Abu Dhabi’s economy to grow 4% next year

Abu Dhabi’s economy to grow 4% next year
Photo Credit: Mubasher Archive

By: Amr Adel

Abu Dhabi - Mubasher: Khalifa Bin Salem Al Mansouri, the acting undersecretary of Abu Dhabi’s Department of Economic Development (ADDED) is expecting the emirate’s gross domestic product (GDP) to grow 3% in 2017 and 4% in 2018.

Al Mansouri told reporters on the sidelines of the ‘Economic Development Partners’ forum on Tuesday that this comes after achieving a growth rate of 3% last year.

According to the statistics and data published by the Statistics Center of Abu Dhabi regarding the emirate's economic growth in the duration from 2012 to 2016 as Abu Dhabi's constant-price GDP compound annual growth rate (CAGR) reached 4.1%.