Saudi Arabia continues to post strong economic growth on the back of its thriving petroleum sector anchored by a steady political and financial base. One of the largest exporters of oil worldwide, the country has also had some of the highest economic growth rates. Real GDP growth was forecast at 6.8% for 2012, following 8.5% expansion in 2011 and 4.8% in 2010. However, a new wave of strong state...
The Middle East Economy
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With oil prices at sustained high levels and the government pushing ahead with a large-scale investment programme to upgrade infrastructure, address social issues and further diversification, Saudi Arabia’s economy is thriving.
While hydrocarbons continue to make up the lion’s share of the emirate’s GDP, oil revenues are supporting long-term efforts to diversify the economy. Oil and gas accounts for about 52% of real GDP, down on previous years, followed by construction, manufacturing and real estate. High-quality transport infrastructure, meanwhile, is boosting trade activity and free zones in Abu Dhabi.
This chapter provides an overview of Yas Island, which hosts several of the emirate’s major
touristic attractions and accommodation options. The chapter also provides a listing of Abu Dhabi’s other leading hotels and resorts, as well as useful telephone numbers and facts for visitors, including information about language, visas, currency and more.
The city of Al Ain is sometimes known as “the Garden City”, and with good reason. While the UAE is largely composed of desert, Al Ain sits in the centre of a large oasis that it shares with the neighbouring Omani town of Buraimi and which has sustained human settlement for thousands of years. Now, diverse economic activity is offering new opportunities aerospace supplies production, food...
Chapter | Al Gharbia from The Report: Abu Dhabi 2013
As government plans come to fruition, Al Gharbia – the western region of Abu Dhabi – will be a model of responsible and sustainable development for desert and arid coastal environments. Indeed, under Plan Al Gharbia 2030, the region’s economy is forecast to double in size, and the population set is to increase from 185,000 in 2010 to 450,000 by the end of the plan. Already a hive of activity in...