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‘Abu Dhabi Plan’ Capitalising on Economic Strategies

03/05/2017 0 26 views

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Dubai – “ASWAQ”
The Abu Dhabi Plan, aims at enhancing the emirate’s competitiveness in line with the objectives of Abu Dhabi Vision 2030, is said to provide a clear track to the vision of the wise leadership of Abu Dhabi. The plan is headed by the President, His Highness Shaikh Khalifa bin Zayed Al Nahyan, and the insightful directives of His Highness Shaikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Executive Council of the Emirate of Abu Dhabi.
The government of Abu Dhabi, with close follow-up from Shaikh Hazza bin Zayed Al Nahyan, Vice-Chairman of the Abu Dhabi Executive Council, is keen on achieving the goals and priorities of economic development within the Abu Dhabi Plan, which is led by the Abu Dhabi Department of Economic Development (ADDED).
Ali Majed Al Mansouri, chairman of ADDED spoke on the occasion of the announcement of the Abu Dhabi Plan during the Abu Dhabi Government Employees Forum at the Abu Dhabi National Exhibition Centre. He said that ADDED works in cooperation and coordination with government, semi-government and private sectors across the emirate.
Al Mansouri also mentioned that the ADDED ‘Strategic Plan 2016-2020’ focuses on its goals on the four pillars of economic development, namely: creating a competitive, resilient business environment; building an active private sector and leading investment opportunities; promoting an attractive, unique tourist destination; and establishing vital sectors that contribute to economic diversification.
A section in the Abu Dhabi Plan under ‘economic development’ reveals the recently-released statistics and figures on the results of Abu Dhabi’s non-oil activities that have shown positive and considerable growth rates that amounted to 8.2 per cent in fixed prices in Q4,2015, as compared to the same quarter in the previous year when their contribution to Abu Dhabi’s GDP in fixed prices of 2007 amounted to 50.7 per cent during the same period.
Abu Dhabi’s overall economic performance during Q3, 2015 remained bullish as non-oil GDP in fixed prices rose to 7.1 per cent. The oil economy grew 3.9 per cent in the same quarter.
Al Mansouri concluded by saying that these results showed that the economy of Abu Dhabi continues to grow with the significant role of non-oil sectors, whose strong performance has notably contributed to the strengthening of the overall economic performance of the emirate during the third quarter of 2015.

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