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Abu Dhabi's $105 bln economy could triple by 2025

Reuters - Sunday, May 11

ABU DHABI, May 11 - The $105 billion economy of Abu Dhabi, the world's fifth-largest oil producer, could triple in value during the next 17 years, underpinned by energy sales and investment, state-owned Emirates News Agency reported.

Gross domestic product could surge to $300 billion by 2025, the emirate's Department of Planning & Economy said in a report, according to WAM on Saturday.

Oil accounts for 59 percent of GDP, and GDP per capita is $74,000, the second-highest in the world, WAM said.

"A combination of factors, such as giant projects, economic reform plans and government-restructuring programmes, will enable the emirate to achieve its target of economic diversification," the ministry said.

Oil as a share of GDP could fall to 50 percent in 2015 and 40 percent in 2025, WAM said.

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