ID :
29410
Mon, 11/10/2008 - 15:14
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http://m.oananews.org//node/29410
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Capital to grow more than 17% by year-end
Abu Dhabi's growth rate will exceed 17 per cent by the end of 2008 and the emirate's economy will remain strong despite the international financial meltdown, according to the head of the Department of Planning and Economy, "Emirates Business" reported.
"Abu Dhabi's strong economy will continue to grow and the capital will attempt to link up more with the global economy through the enhancement of the private sector's role," said Chairman Nasser bin Ahmed Al Suwaidi.
"The Swiss KOF Index of Globalisation, which measures the political, economic and social performance of 123 states, puts the UAE, and especially Abu Dhabi, top among the Arab states and 22nd overall in terms of measures to promote globalisation."
Al Suwaidi was speaking on the sidelines of the Abu Dhabi Conference 2008, which is being staged by the Department of Planning and Economy in co-operation with Meed at the Abu Dhabi National Exhibitions Centre. He said Abu Dhabi had four priorities.
"The first is the building of a modern public sector, which provides services with high efficiency. The second is the creation of diversified economy that strengthens the role of the private sector. The third and fourth priorities are the provision of developed systems for education and health care.
"The emirate's government is concentrating on giving an increasing role to the private sector. The number of employees in the emirate's government sector has fallen from 65,000 in 2005 to 11,000 now.
"The Abu Dhabi 2030 strategic plan envisages a bigger role for non-oil sectors," Al Suwaidi said.
The Abu Dhabi Government will soon announce the establishment of a new industrial city in Al Gharbia – formerly the Western Region – says Jaber Al Khaili, CEO of the Specialised Economic Zones.
He said the new industrial city was proof that Abu Dhabi's industrial sector was not facing problems because of the global crisis. Industrial investment had not been affected.
"Our industrial projects go on and there is no intention to stop them," he said. "No single industrial project has been stopped."
Al Khaili hinted finance for industrial projects had been affected but not to a great extent. He said obtaining funding from banks took a little longer than before but finance was available.
"Abu Dhabi's investment in the new industrial areas exceeds Dh30 billion," he said.
"Abu Dhabi's strong economy will continue to grow and the capital will attempt to link up more with the global economy through the enhancement of the private sector's role," said Chairman Nasser bin Ahmed Al Suwaidi.
"The Swiss KOF Index of Globalisation, which measures the political, economic and social performance of 123 states, puts the UAE, and especially Abu Dhabi, top among the Arab states and 22nd overall in terms of measures to promote globalisation."
Al Suwaidi was speaking on the sidelines of the Abu Dhabi Conference 2008, which is being staged by the Department of Planning and Economy in co-operation with Meed at the Abu Dhabi National Exhibitions Centre. He said Abu Dhabi had four priorities.
"The first is the building of a modern public sector, which provides services with high efficiency. The second is the creation of diversified economy that strengthens the role of the private sector. The third and fourth priorities are the provision of developed systems for education and health care.
"The emirate's government is concentrating on giving an increasing role to the private sector. The number of employees in the emirate's government sector has fallen from 65,000 in 2005 to 11,000 now.
"The Abu Dhabi 2030 strategic plan envisages a bigger role for non-oil sectors," Al Suwaidi said.
The Abu Dhabi Government will soon announce the establishment of a new industrial city in Al Gharbia – formerly the Western Region – says Jaber Al Khaili, CEO of the Specialised Economic Zones.
He said the new industrial city was proof that Abu Dhabi's industrial sector was not facing problems because of the global crisis. Industrial investment had not been affected.
"Our industrial projects go on and there is no intention to stop them," he said. "No single industrial project has been stopped."
Al Khaili hinted finance for industrial projects had been affected but not to a great extent. He said obtaining funding from banks took a little longer than before but finance was available.
"Abu Dhabi's investment in the new industrial areas exceeds Dh30 billion," he said.
