WHY ABU DHABI ?
It is been determined that Abu Dhabi be among world leading economy and for
Abu Dhabi's economy to continue achieving high growth rates compared to
those of the region. In year 2007 we expect the Emirate of Abu Dhabi to experience
several favourable changes in the investment environment, and structuring
the governmental sector, enhancing rules and legislations that would
enhance Abu Dhabi's economic image on the global map, turning it into a safe
haven for investment, and home for hi-tech, leading industries. A tourist destination
for all those desirous of making investment while enjoying the sense of
stability, as well as into the world's biggest economic zone.
In view of unshakable determination and keenn to place Abu Dhabi on the
international economic map together with the existing conspicuous economic
policies based upon partnerships with the private sector, the economic
approach adopted by the rational leadership and wise policy of both President
His Highness Sheikh Khalifa Bin Zayed Al Nahyan and his honest Crown
Prince would contribute to the achievement of sustainable economic growth for
Abu Dhabi. It is expected for the economic growth to keep going on and for
the year 2007 to witness a growth ratio in the GDP not less than 12% at current
prices along with an average of 8% in (constant) real prices.
As regards investment projects, the year 2007 is going to witness releasing
many of these projects, of no less than AED200bn, that work would be initiated
on previously declared projects and that the total volume of such projects
would hit approximately AED1.2 trillion.
Toward open economy, we expect that Abu Dhabi would keep taking up a flexible
economic approach and one that is open to the world through establishing
trade relations, entering into regional and international economic alliances,
implementing the policy of partnership for development, continuing the adoption
of a policy of privatization in addition to following such flexible financial
policies that would be instrumental in reinforcing both economic growth and
integration into the economy of both the Gulf and the world.
As far as streamlining the economic sectors (excluding oil) is concerned, it is
anticipated for these to collectively achieve growth ratios of no less than 14%
and for the construction sector to continue spearheading other ones by at least
22% of growth.
Concerning foreign trade in 2007, it is predicted that commodity exports would
grow by 8.3% to hit AED253bn, whereas imports are expected to come to
AED55.7bn at a growth rate in the area of 21.9%.
Population: It is forecast for Abu Dhabi's 2007 population to amount nearly to
2.035 million souls at an expected growth ratio of almost 7%. The number of
the workforce is also anticipated to grow by 5.7% hitting about 1.063 million
workers.
Forecasts have it as well that the average GDP per capita in the emirate would
grow by 4.2% compared to that of 2006, standing at approximately AED197.5
thousand per person.
