UAE - 136bn in Abu Dhabi projects may overtake Dubai, Doha

AME Info, 25-1-2007

By the end of this decade Abu Dhabi is likely to overtake its neighbors Dubai and Doha as the biggest construction market in the Gulf. Between this year and the end of the decade the UAE capital will invest $22 billion in oil and gas projects designed to keep the emirate among the leading global energy producers.United Arab Emirates: Wednesday, January 24 - 2007 at 14:39 Abu Dhabi's Tourism Development & Investment Company is overseeing the development of Saadiyat Island. According to new figures from the Abu Dhabi Chamber of Commerce and Industry GDP for the emirate will reach $159 billion by 2010 with the share of non-oil activities rising from $44 billion to $72 billion. Investment totals are huge with $136 billion targeted for construction and building, $55 billion for tourism, $9.5 billion for water and electricity and $33 billion for industry.

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