Abdullah bin Touq Al Marri, the UAE's Minister of Economy, has forecast a 5 to 6% growth for the national economy in 2025.
Speaking to the Emirates News Agency (WAM) on the sidelines of the World Governments Summit in Dubai, Al Marri said that the growth will be driven by strong performance in key sectors such as technology, renewable energy, trade, financial services and infrastructure.
He revealed that the UAE’s GDP grew by an average of 4.8% between 2021 and 2024, with non-oil GDP growth averaging 6.2%.
Al Marrri also noted that non-oil sectors now contribute 75% of the country’s GDP, aligning with the "We the UAE 2031" vision.
The minister emphasised that the nation’s continued growth showcases its ability to maintain high and sustainable expansion, surpassing even some advanced economies.
He also outlined the UAE’s strategic focus on the circular economy, space economy, and emerging sectors, as well as efforts to build new economic alliances and attract foreign investments.
The World Bank projects the economic growth rate of Gulf countries will reach 3.4 per cent in 2025, rising to 4.1 per cent in 2026, compared to an expected 3.3 per cent growth rate for the Middle East and North Africa (MENA) region as a whole.
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a resolution toreconstitute the Artificial Intelligence and Advanced Technology Council (AIATC), chaired by His Highness Sheikh Tahnoon bin Zayed Al Nahyan.
DP World is advancing with the development of its Sokhna Logistics Park, in Egypt. The $80 million (AED 293 million) state-of-the-art logistics hub, is set to enhance Egypt’s logistics infrastructure and position the country as a key regional trade hub.
Emirates, the world’s largest international airline, has signed an interline agreement with West Africa’s largest carrier, Air Peace, enhancing connectivity for passengers travelling to and from Nigeria.
Haitham Al Ghais, Secretary-General of OPEC, said investment needs in the oil sector will remain substantial to meet the expected growth in oil demand, with cumulative investment requirements estimated at $17.4 trillion between 2024 and 2050, or approximately $640 billion annually.
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