Al Gharbia’s GDP to reach more than AED500b in 2030

Abu Dhabi’s Western Region is poised to become the UAE’s next development hotspot, with economic output expected to reach more than AED500 billion in 2030 according to the Al Gharbia Investment Roadmap.

The projected rise in the region’s GDP, up from just AED243 billion in 2010, will largely be driven by an estimated AED240 billion worth of projects invested in key economic sectors such Oil & Gas (AED120 billion), Power Generation (AED62 billion), Infrastructure and Transportation (AED54 billion) and Tourism (AED4 billion).

In the next five years, Al Gharbia will witness the completion of the initial stages of a number of multi-billion dollar projects, such as the Madinat Zayed residential developments, a complex that will feature over 100 apartments, retail shops, a health club, a mosque and offices; the Ruwais Refinery Expansion, owned by Takreer, which when finished in the first quarter of 2014, will produce a total of 832,000 barrels per day of oil.

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