ABU DHABI // The Department of Economic Development will today issue this year's first quarter results on four development indicators for the emirate.
The indicators are consumer confidence in economic performance; the status of Emirati families; confidence in the business environment; and the business cycle.
In 2009, the department produced indicators to gauge the levels of optimism and pessimism among individuals, consumers and the business community, said Rashid Ali Al Zaabi, executive director for planning and statistics.
The department is developing a set of indicators for this year and next, including one for transparency in direct foreign investment policies and an indicator for the knowledge-based economy in the emirate, he added.
The department is also aiming to provide "useful information and indicators" to businessmen, investors and interested individuals, Mr Al Zaabi said.
He noted the Abu Dhabi Government's resolve to continue its sustainable development and modernisation strategy - with government spending on development set to reach Dh320 billion over the next five years - has had a strong positive impact on business and raised confidence.
