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06-05-14

Dubai to maintain 5 percent GDP growth in 2014

(MENAFN) According to Dubai's statistics office, the emirate's economy is expected to grow 5 percent in the current year in a similar pace to the previous year, Khaleej Times reported. Growth in Dubai, the region's trade and business center, increased strongly in 2013, driven by the 10-billion dollar real estate projects as part of the government's prospect. "It is expected that growth... will reach around five per cent in 2013," executive director said on the Dubai Statistics Centre's website, adding that "we expect that the current year will witness growth close to these rates."