UAE Economic Surge to 6.7% in 2025 Aided by its Diversification and Strategic Trading

 



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 hopeful about the United Arab Emirates' future as he talks about the thriving tourism industry and diversified economy in the country. He observed that trade with Iran together with other neighboring nations had helped the UAE emerge as one of the fastest growing economies within the region. With more countries striving to emulate the UAE’s economic model, especially Dubai’s, UAE’s experience shows that it is essential for there to be direction and guidance by a government that is people-focused.

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