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Home >> World
UPDATED: 09:19, February 04, 2007
Dubai unveils ambitious plan on economic growth
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Dubai, part of the United Arab Emirates (UAE), is set to maintain its double-digit economic growth, seeking to achieve a GDP of 108 billion U.S. dollars with real per capita GDP to 44,000 dollars by 2015, local Emirates News Agency (WAM) reported Saturday.

The Dubai Strategic Plan (DSP) sets out a strategic approach that focuses on developing the emirate's most dynamic economic sectors that have been the key contributors to its annual real GDP growth rate of 13 percent since 2000, WAM said.

Unveiling the Dubai ambitious strategic plan, UAE Prime Minister and Vice President Sheikh Mohammad bin Rashid Al Maktoum said that the plan will not be affected by oil price fluctuations, for "Dubai has succeeded in diversifying its sources of income, and reducing its dependence on oil."

"In 2005, the non-oil sector played a major role, contributing 95 percent to GDP, as compared to 90 percent in 2000, and approximately 46 percent in 1975. The services sector was the driving force behind Dubai's economic growth," Sheikh Mohammed was quoted as saying.

The plan also acknowledges the key role of social development, the official said, adding that it commits to improving performance in various key areas including education, health, culture and social assistance.

Source: Xinhua


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