Positive economic performance in Abu Dhabi during Q2

ABU DHABI, The results of the macroeconomic and sectoral indexes reflect a positive economic performance in Abu Dhabi, particularly at the level of non-oil activities, during Q2 of 2018, confirming rising levels of investor confidence and business optimism about the emirate’s economic outlook.

This is revealed by the Q2 economic follow-up report of the results of the emirate’s macroeconomic and sectoral indexes, issued by the Department of Economic Development – Abu Dhabi, based on the data produced by the Statistics Centre – Abu Dhabi.

Saif Al Hajeri, Chairman of ADDED, stated that the results are issued at the time when a range of economic and development initiatives and associated programmes have been announced by federal and local governments to stimulate the domestic economy, enhance business environment and support the development drive in the Emirate of Abu Dhabi and the UAE.

He referred to the AED50 billion stimulus package for Abu Dhabi and to Abu Dhabi Government Accelerators Programme ‘Ghadan 21’ in addition to the resolutions of the Federal Government on foreign ownership, residence facilities for investors, qualified personnel and retirees along with the other initiatives launched at the level of national entities in the emirate.

The report expected that the implementation of the announced economic and development initiatives and associated programmes will contribute to enhancing investor confidence and eliminating concerns about the future.

Source: Emirates News Agency