Abu Dhabi tops list of World's "10 Emerging Business Cities
- United Arab Emirates: Sunday, February 26 - 2006 at 13:45
- PRESS RELEASE
Abu Dhabi has topped the list of the world's '10 emerging business cities' in a recent survey conducted by a leading travel magazine, highlighting the massive development and promotional efforts made by government and private sectors to position the emirate as a major tourist destination and successful business hub.
The magazine said Abu Dhabi had adopted an ambitious plan to enhance industrial development as a strategic option to diversify its sources of income and reduce the dependence on oil as a sole revenue generator. It noted that non-oil sectors' share in the GDP had risen by seven per cent annually, and the share is expected to reach Dh 20.9 billion by the end of 2006.
The magazine said the Abu Dhabi government had embarked on major plans to attract local and foreign investments, cooperating with the emirate's Chamber of Commerce and Industry to attract private capitals to participate in the development process.
Middle East Travel anticipated that Abu Dhabi will be one of the most prosperous cities in the world. Other cities that featured in the magazine include Guangdong (China), Hyderabad (India), Capetown (South Africa), Doha (Qatar) and Sao Paulo (Brazil).
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Head of Communication
Abu Dhabi Tourism Authority
Tel: +971 2 4440444
Fax:+971 2 4440400
P.O Box:94000 Abu Dhabi
United Arab Emirates
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Posted by Lara Lynn Golden, News Editor



