Identifier
Created
Classification
Origin
03ABUDHABI2299
2003-05-11 14:04:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Embassy Abu Dhabi
Cable title:  

ABU DHABI'S EXPORTS REMAIN A ONE-TRICK PONY

Tags:  ECON ETRD TC 
pdf how-to read a cable
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Diana T Fritz 05/24/2007 04:17:47 PM From DB/Inbox: Search Results

Cable 
Text: 
 
 
UNCLASSIFIED

SIPDIS
TELEGRAM May 11, 2003


To: No Action Addressee 

Action: Unknown 

From: AMEMBASSY ABU DHABI (ABU DHABI 2299 - ROUTINE) 

TAGS: ECON, ETRD 

Captions: None 

Subject: ABU DHABI'S EXPORTS REMAIN A ONE-TRICK PONY (OIL) 

Ref: None 
_________________________________________________________________
UNCLAS ABU DHABI 02299

SIPDIS
CXABU:
 ACTION: ECON 
 INFO: POL P/M AMB DCM 
Laser1:
 INFO: FCS 

DISSEMINATION: ECON
CHARGE: PROG

APPROVED: CDA: RAALBRIGHT
DRAFTED: ECON: GARANA
CLEARED: A/DCM: TEWILLIAMS

VZCZCADI533
RR RUEHC RUCPDOC RUEHZM RUEHTU
DE RUEHAD #2299 1311404
ZNR UUUUU ZZH
R 111404Z MAY 03
FM AMEMBASSY ABU DHABI
TO RUEHC/SECSTATE WASHDC 9903
RUCPDOC/USDOC WASHDC
RUEHZM/GCC COLLECTIVE
RUEHTU/AMEMBASSY TUNIS 0511
UNCLAS ABU DHABI 002299

SIPDIS

SENSITIVE

STATE FOR NEA/ARP, NEA/RA
AMEMBASSY TUNIS HOLD FOR FSI: OLIVER JOHN
USDOC FOR 4530/ITA/MAC/ONE/DGUGLIELMI,
4520/ITA/MAC/ONE/CLOUSTAUNAU,
4500/ITA/MAC/DAS/WILLIAMSON,
3131/CS/OIO/ANESA

E.O. 12958: N/A
TAGS: ECON ETRD TC
SUBJECT: ABU DHABI'S EXPORTS REMAIN A ONE-TRICK PONY
(OIL)

(SBU) According to official figures, Abu Dhabi exports
in the first quarter of 2003 totaled approximately 2
billion USD, less than 10% of which was non oil-
related. The Customs Department report shows that Abu
Dhabi's oil exports continue to be the main engine of
the economy, in sharp contrast to better diversified
Dubai, where non-oil exports heavily exceed petroleum
sector revenues. Total Abu Dhabi non-oil exports for
the quarter were 96 million USD and re-exports 107
million USD. [Although we would hope that these
figures are accurate, there is a tendency here to
assign exaggerated valuations to the latter.] High oil
prices in the first quarter of 2003 also resulted in
greater income for Abu Dhabi, which no doubt inflated
the difference in comparison to the non-oil sector,
but the difference with regard to Dubai still remains
stark.

Albright