The UAE economy is expected to grow by 6.7% by 2025, up from 3.8% in the current year as a result of the country's strategic drive for economic diversification and strong trade ties with neighboring states. These significant progresses have been due to prudent political allocation and favorable geostrategic developments following Covid-19 pandemic. The UAE government has been unwavering in implementing a long-term vision that aligns with the UN 2030 Agenda with a focus on sustainability, knowledge and innovation. Unleashing market forces, assisting foreign trade coupled with infrastructure building and establishment of systems that would enable private sector involvement has been part and parcel of this policy. The development of changes that foster an economy driven by new ideas, along with more use of digital tools, has helped UAE to diversify its economy significantly, primarily in areas that are not related to oil. BMI's Chief Global Economist, John Ashbourne, is very hop...
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