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HomeWorldAbu Dhabi GDP to grow by 3.8% in 2011

Abu Dhabi GDP to grow by 3.8% in 2011

Abu Dhabi’s gross domestic product is expected to grow by 3.8 percent in 2011 to AED567.3bn ($154.4bn), the Abu Dhabi Chamber of Commerce and Industry has said.

In a report posted on its website, the Chamber said that it expected the gross fixed capital formation to account for $30.68bn in 2011, a 15 percent increase from 2010.

Exports are expected to amount to $91.3bn, excluding re-exports next year, the report said.

The contribution of non oil industries to gross domestic product for the emirate is expected to increase by 5.1 percent to $70.3bn. In November, the government said that the non oil sector made up 45 percent of the capital’s GDP.

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