Abu Dhabi GDP to touch $300 billion by 2025

Non-oil segment is predicted to touch 60 per cent of Abu Dhabi GDP

Buoyed by a steady growth in non-oil sector, Abu Dhabi GDP is likely to hit $300 billion by 2025. Non-oil segment is predicted to touch 60 per cent of Abu Dhabi GDP, while oil sector is projected to reach 40 per cent of GDP, according to the weekly report released by Department of Planning and Economy (DPE).

"The Abu Dhabi emirate is faring steadily and forcefully into future under master strategic plans and guidelines aiming at a radical transformation in the local economic structure", DPE report said.

"In 2015, Abu Dhabi GDP will rise to $170 billion, of which oil sector will constitute 50 per cent and non oil sector 50 per cent. But non-oil sector will overtake oil sector percentage in Abu Dhabi GDP, which will surge to $230 billion, by 2020 as oil sector is projected to be only 45 per cent of Abu Dhabi GDP, while non-oil sector will surge to 55 per cent of GDP. By 2025 Abu Dhabi GDP will jump to $300 billion, of which non-oil sector will be 60 per cent of GDP, while oil sector will be 40 per cent", report added further.

The report noted that during the last five years Abu Dhabi economy witnessed the strongest, broadest and highly diversified-ever development as a result of high oil prices at international markets.