Middle East Economic Survey

VOL. LIII

No 24

14-Jun-2010

UAE

Citigroup Says Dubai GDP Growth Spurred By Non-Real-Estate Sector

Dubais GDP will grow by 1.6% in 2010 to Dh254bn ($69bn), and by 4.7% in 2011 to Dh266bn ($72bn), on the back of the global and regional economic recovery and competitive advantages in its non-real-estate sector, Citigroup said in its latest Macro View Report. By 2012, GDP is expected to grow by 6.3% to Dh282.8bnn ($77bn), but while its growth dynamics remain robust,...