UAE Economic Themes

Executive Summary

In UAE, hydrocarbon sector is expected to contribute positively to real growth in 2016 as the phased increase in oil production happens. UAE had earlier set a target to raise its production capacity by 30% in 2020. Production is being increased to meet the growing domestic demand for hydrocarbons which is now currently being met with imported gasoline. Thus, the phased rise in production would materialize despite the persistence of lower oil prices.

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