(MENAFN) Abu Dhabi is experiencing signs of an economic recovery led by government spending, while FDI in the country increased by 8 percent to Dh95bn last year.
In addition, Abu Dhabi's economy, which viewed a downturn made by low oil prices over the last two years, will experience positive increase in the coming years.
Recently, there were some announcements of tourism projects in Yas and other places of almost Dh20bn, while Abu Dhabi Municipality also announced projects of Dh7bn.
Accordingly, the economy had increased by almost 4.1 percent over the last five years, with growth hovering between 2.9 percent and 3.1 percent last year.
MENAFN2405201700450000ID1095508184
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.