Financial Times FT.com

Economy: Emirate sets its sights on trebled GDP by 2015

By Simeon Kerr

Published: July 24 2007 11:45 | Last updated: July 24 2007 11:45

When Dubai’s ruler unveiled the emirate’s growth strategy for 2015, it was perhaps unsurprising that he reminded the audience that this city-in-a-hurry had met its 2010 GDP target two years ago.

Little wonder then that the new Dubai Strategic Plan for 2015 is ambitious, calling for compound annual growth of 11 per cent, trebling GDP to $108bn. Sheikh Mohammed bin Rashid Al Maktoum aims to build on Dubai’s diversification through sectors such as tourism, real estate, professional services and finance.

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