Construction And Building Sector Contributed AED6 Bn To Abu Dhabi's FDI: Al Hajeri

Construction and building sector contributed AED6 bn to Abu Dhabi's FDI: Al Hajeri

Activities of the real estate sector in the Emirate of Abu Dhabi grew at constant prices by 1% in 2018, making the property sector one of the major contributors to the real non-oil GDP at 8.2% last year, according to senior economic official

ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 17th Apr, 2019) Activities of the real estate sector in the Emirate of Abu Dhabi grew at constant prices by 1% in 2018, making the property sector one of the major contributors to the real non-oil GDP at 8.2% last year, according to senior economic official.

''Contribution of the construction and building sector to the emirate's Foreign direct investment (FDI) reached 5% in 2018 to AED 6 billion,'' stated Saif Mohammed Al Hajeri, Chairman of the Department of Economic Development – Abu Dhabi, on the sidelines of the opening of Cityscape Abu Dhabi, the international real estate investment and development event, today.

He noted that the emirate's property sector has seen rapid growth after it attracted mega investment over the recent year, becoming a dynamic sector and a major contributor to the emirate's GDP.

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