Abu Dhabi’s economic growth will rebound next year as the richest sheikhdom of the United Arab Emirates revives delayed projects including a planned branch of the Guggenheim Museum, a senior official said.
The emirate, which sits on 6 percent of global oil reserves, plans to award contracts to build the museum by the end of this year or early 2017, said Ali Majed Al Mansoori, chairman of the Department of Economic Development. The Guggenheim will be located in the emirate’s cultural hub on Saadiyat island, along with a branch of the Louvre opening late this year and the national Zayed museums, he said in an interview Sunday.