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.
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As one of the 12 strategic sectors identified in Abu Dhabi Economic Vision 2030, tourism plays a central role in the government’s plan to reduce the economy’s reliance on the hydrocarbons industry. To this end, Abu Dhabi has invested heavily in the sector in recent years, creating more attractions to draw tourists, as well as building hotels and expanding the national airline. Indeed, the tourism...
Economic update | South Africa: Picking up the pace
25 Feb 2013
After two slow years following the landmark 2010 FIFA World Cup, South Africa’s tourism sector may now be returning to form. The industry is considerably more upbeat than it was one year ago, though downside risks – particularly the uncertain global economy – and domestic weaknesses, such as negative perceptions, are likely to persist through 2013.
L’ambitieux projet du Maroc de se positionner parmi les vingt premières destinations touristiques au monde a enregistré des progrès constants malgré les difficultés rencontrées liées aux répercussions de l’instabilité dans la région et à l’actuelle crise de la zone euro.
Having topped its goal of seeing 8m visitors last year, Indonesia is now targeting 9m tourist arrivals for 2013. A series of new and ongoing initiatives establishing niche segments is expected to aid in that goal.
Economic update | Panamá: Inversión en turismo
20 Feb 2013
Durante la década pasada, el crecimiento del sector turístico de Panamá ha superado al crecimiento mismo de su economía en términos generales, un hecho extraordinario considerando que el PIB de este país ha crecido un promedio del 7.4% entre 2002 y 2011, según cifras del Banco Mundial.