Abu Dhabi growth needs improvement to meet 2030 target

Abu Dhabi growth needs improvement to meet 2030 targetWhile falling a bit short of government targets for annual growth, industrial, retail, tourism, and oil production have all led to noticeable growth in the Abu Dhabi economy.  It is projected to grow by about 4% this year.  In order to meet the government timeline for growth, it should grow by about 6-7% a year, but the global economic downturn also came to the region and it is now recovering. The goals are part of the 2030 Vision set down by the government.

The Vision helped set goals and policies to help Abu Dhabi move away from oil dependency.  Oil production is up already in 2011, but this is due in part to the instability in North Africa, as AD has taken on some of Libya’s production.  This 5-year portion of the plan details key ways to streamline the legal and regulatory procedures in the Emirate, and enabling/supporting small and medium sized businesses.  This portion of the plan is meeting all expectations, and growth is sure to increase as well.

 



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While falling a bit short of government targets for annual growth, industrial, retail, tourism, and oil production have all led to noticeable growth in the Abu Dhabi economy.  It is projected to grow by about 4% this year.  In order to meet the government timeline for growth, it should grow by about 6-7% a year, but the global economic downturn also came to the region and it is now recovering. The goals are part of the 2030 Vision set down by the government. The Vision helped set goals and policies to help Abu Dhabi move away from oil dependency.  Oil...

Abu Dhabi growth needs improvement to meet 2030 targetWhile falling a bit short of government targets for annual growth, industrial, retail, tourism, and oil production have all led to noticeable growth in the Abu Dhabi economy.  It is projected to grow by about 4% this year.  In order to meet the government timeline for growth, it should grow by about 6-7% a year, but the global economic downturn also came to the region and it is now recovering. The goals are part of the 2030 Vision set down by the government.

The Vision helped set goals and policies to help Abu Dhabi move away from oil dependency.  Oil production is up already in 2011, but this is due in part to the instability in North Africa, as AD has taken on some of Libya’s production.  This 5-year portion of the plan details key ways to streamline the legal and regulatory procedures in the Emirate, and enabling/supporting small and medium sized businesses.  This portion of the plan is meeting all expectations, and growth is sure to increase as well.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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