UAE Sets Sights on 7% Economic Growth Amid Diversification Drive

 



During his speech at the Dubai Fintech Summit, Abdulla bin Touq Al Marri, the Minister of Economy for the UAE, laid out ambitious economic growth objectives. Al Marri set a bold target of achieving a robust 7% annual increase in the nation's GDP. He emphasized the necessity of diversifying beyond traditional sectors like real estate and tourism, highlighting the considerable potential in non-oil industries such as sustainable tourism, health tech, and AI. This strategic focus positions the UAE as a pioneering center for global innovation.

Despite facing recent challenges such as unprecedented floods, the UAE's economy has demonstrated remarkable resilience. Business activities persevered even during adverse weather conditions, thanks to the country's robust infrastructure, particularly its high-speed WiFi connectivity. Minister Al Marri credited this resilience to the UAE's forward-thinking approach to infrastructure development.

As the UAE looks ahead, it remains committed to sustaining its economic momentum. With a strong emphasis on attracting foreign investment and fostering innovation, the UAE is positioning itself as a dynamic and forward-thinking economy on the global stage.


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