Abu Dhabi 2013 growth accelerated, sees strong 2014

February 03, 2014 - 11:43:41 am

ABU DHABI: The emirate of Abu Dhabi posted real growth in its gross domestic product of 7.4 percent in 2013, up from 5.6 percent in 2012, its Department of Economic Development said on Monday.

Shorooq al-Zaabi, head of development indicators at the government body, forecast GDP growth of 6.7 percent this year.

At a presentation to the media, she also predicted Abu Dhabi's oil production would rise steadily through 2017 but that oil prices would fall moderately, to $95 a barrel in 2017 from $109 last year. (Reuters)