Abu Dhabi – Mubasher: Abu Dhabi’s growth domestic product (GDP) at constant prices grew 7.7% to reach AED 196.1 billion in the fourth quarter of 2015, compared to the same quarter of 2014, according to a report released by Abu Dhabi Department of Economic Development (DED).
Abu Dhabi’s macroeconomy has seen “robust performance” in Q1-16, reflecting continuous good growth rates by the end of last year, the report said.
The tourism sector witnessed an enhanced performance year-on-year (y-o-y) in Q1-16, where the number of hotel guests levelled up 11% to 1,115,547 and the number of hotel nights also increased 10% to 3,147,754, according to the latest data released by Abu Dhabi Tourism and Culture Authority.
The total value of Abu Dhabi’s non-oil foreign trade rose 7.7% to AED 30.8 billion in January and February 2016, compared to the prior-year period, due to the increase in the non-oil exports by 69.7% to AED 9.8 billion.
On the other hand, the value of the imports and re-exports retreated 9.1% and 0.5% respectively, DED noted.
