Abu Dhabi economy takes top spot as the fastest growing economy in the Middle East

May 10, 2023

The Abu Dhabi economy is the fastest growing in the Middle East and North Africa, with a remarkable 9.3% growth last year. Non-oil sectors contributed 50% of GDP last year, with real estate, healthcare, and real estate all contributing to significant growth. Abu Dhabi’s growth is attributed to its robust economic framework and collaborative approach from the public and private sectors. Additionally, the Abu Dhabi Industrial Strategy (ADIS), launched in June 2022, played a major role in diversifying the emirate’s economy. ADIS aims to strengthen the emirate’s position as the region’s most competitive industrial hub by investing AED 10 billion across several programs to more than double the size of the sector to AED 172 billion, create 13,600 new jobs, and increase the emirate’s non-oil exports by to AED 178.8 billion by 2031.

Read the original article in Arabian Business: Abu Dhabi economy fastest growing in Middle East, GDP up 9.3%