TAG: Transport
While in 2016 the world’s fastest-growing economies suffered due to low commodity prices and currency depreciations, Dubai still enjoyed steady GDP growth at around 4% and an increased drive towards consolidating its position as a knowledge-based economy.
Major developments in recent years - including the fall in global oil prices and the floating of the naira - have catalysed renewed focus on strengthening the Nigerian economy. Including accelerating diversification efforts, capitalising on the country's large population and promoting growth in the private sector.
The emirate is working to encourage investment and development in key non-energy sectors, including transport and education.