Successful Q2 for Abu Dhabi’s construction sector says authorities ...United Arab Emirates

In Q2 2023, Abu Dhabi saw exceptional growth in the construction sector’s contribution to non-oil GDP. During this period, the growth rate reached 19.1% year-on-year, making the highest quarterly value-addition since 2014, at US $6.89bn. This was in no small part thanks to the sector’s projects being able to achieve high completion rates, according to statistical estimates published by the Abu Dhabi Statistics Centre. Moreover, the construction sector’s overall contribution to Abu Dhabi’s GDP amounted to 8.8% during Q2 2023, the centre noted. Abu Dhabi’s non-oil economy showed a substantial 12.3% growth in the second quarter of this year, helping the overall GDP to post a 3.5% increase compa

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Last updated : 03 October 2023 clock 10:44 AM

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Successful Q2 for Abu Dhabi’s construction sector says authorities ...United Arab Emirates

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