Based on latest analysis by BMI research; UAE GDP growth to accelerate forward in 2017 in line with rising oil prices and greater commercial confidence.
The real GDP growth is expected to reach up to 2.8 and 3.3 percent respectively, following the 2.2 percent expected in 2016 according to the research.
The report says, that adding non-oil sector will be the primary driver where higher oil prices are to enable more government spending to boost business confidence.
Furthermore in both Abu Dhabi and Dubai emirates, government spending is expected to rise, especially in construction segment.
It is also said Dubai’s economy expansion to outpace more oil-reliant Abu Dhabi.
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Source: Arabian Business