(MENAFN) The Abu Dhabi Chamber of Commerce and Industry's chairman, Mohammad Thani Murshed Al Rumaithi, stated that in 2012, the private sector is expected to account for USD63.14 billion of the emirate's economy, reported Gulf News.
Al Rumaithi said that in 2011, the sector contributed with nearly USD59.33 billion of the emirate's gross domestic product (GDP), which stood at around USD188 billion.
He added that in the current year, the private sector is projected to expand by almost 6.4 percent.
Last year, the capital's non-oil public sector reached USD34.29 billion, and is forecasted to expand to USD36.19 billion in 2012.
It is worth noting that Abu Dhabi's non-oil public sector is expected to grow by 5.5 percent this year.
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.