GDP expected to grow up to 3.5%

02/06/2011 00:00 AST

The UAE’ gross domestic product is expected to grow between 3 to 3.5% this year, the country’s economy minister said yesterday.

“[Growth] should be around 3% to 3.5% based on the first five months,” Economy Minister Sultan bin Saeed al-Mansouri told reporters on the sidelines of an industry event in Abu Dhabi, capital of the UAE.

Asked about Jordan and Morocco entering the Gulf Cooperation Council (GCC), he said this would help stabilise the region.

“This is something we see as strategic within the region based on GCC countries’ abilities from the financial and economic side,” he added.


Khaleej Times

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