ABU DHABI, (Reuters) – The $105 billion economy of Abu Dhabi, the world’s fifth-largest oil producer, could triple in value during the next 17 years, underpinned by energy sales and investment, state-owned Emirates News Agency (WAM) reported.
Gross domestic product could surge to $300 billion by 2025, the emirate’s Department of Planning & Economy said in a report, according to WAM on Saturday.
Oil accounts for 59 percent of GDP, and GDP per capita is $74,000, the second-highest in the world, WAM said.
“A combination of factors, such as giant projects, economic reform plans and government-restructuring programmes, will enable the emirate to achieve its target of economic diversification,” the ministry said.
Oil as a share of GDP could fall to 50 percent in 2015 and 40 percent in 2025, WAM said.