Jul 19 2011 |
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Dubai's DIFC Contributed 1% To UAE's GDP In 2010 -Official
Tuesday, Jul 19, 2011
(This item was originally published Monday.)
DUBAI (Zawya Dow Jones)--The Dubai International Financial Centre 's sub-economy contributed about 1% to the gross domestic product of the United Arab Emirates in 2010, a senior DIFC official said Monday.
"The generated total value added of DIFC sub-economy reached $2.915 billion in 2010... which is about 1% of U.A.E.'s GDP according to IMF estimations," Nasser Saidi, Chief Economist and Head of External Relations of DIFC said.
The financial free zone's contribution to Dubai's GDP was about 3.6%, he added at the launch of DIFC Economic Activity Survey for 2010.
Saidi said the number of "active entities in DIFC rose 9.5% in 2010 compared to 2009 to reach 773".
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
19-07-11 0411GMT
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