Oil for 150 years
Based on current utilization rates and no additional discoveries, Abu Dhabi’s oil reserves will last for 150 years, says a new analysis by Isthmus Pertners.
The Abu Dhabi Investment Environment,notes the Emirate currently contributes around 60 percent of the UAE’s GDP from 33 percent of the country’s population – ” Even on a standalone basis, Abu Dhabi would be the second-largest economy in the GCC after Saudi Arabia.
International Investments also come under the spotlight. Acording to the IMF, the UAE’s sovereign wealth funds and other bodies held international net assets of $305 billion (AED 1.1 trillion) – and the great majority of them are owned by Abu Dhabi entities. The represents 132 percent of GDP, compared to 105 percent for Singapore and 52 percent Norway.
On sector analysis of the Abu Dhabi economy, the report highlights Abu Dhabi’s plans to become the Middle East hub for industrial and manufacturing companies seeking to capitalized on the opportunities offered by the emerging economies of the region.
That was the lates update I can share you here in Abu Dhabi! Okay that’s if now ’cause I still have to check this lipozene I’ve founf earlier. This might be a great help for me as my tummy is getting bigger day after day! Hope this will do! Be safe everyone!
