Dubai Career Diary

The economy of the United Arab Emirates (UAE) is expected to rise by up to 5% in 2024, signalling the beginning of a major upturn. The UAE Minister of Economy, Abdullah bin Touq Al Marri, claims that the significant diversification of the country’s economy is a major factor in this hopeful prediction. The UAE’s non-oil sectors now account for an astounding 73% of the country’s GDP, which represents a significant change in the economic landscape of the nation.

This change not only demonstrates the UAE’s favourable investment climate, but also the faith that the world has in the country’s economic policies and endeavours. The Minister’s observations were made in view of the third annual conference of Investopia, a worldwide investment platform that the UAE government founded, which takes place soon. Taking place in Abu Dhabi on February 28 and 29, the conference’s theme is “Emerging Economic Frontiers: Investing in the New Economy Growth Sectors.”

Al Marri stressed how important it is for the private sector to lead the way in advancing investment and the economy. The United Arab Emirates (UAE) has deliberately designated more than sixteen adaptable and sustainable industries, encompassing health technology, education, financial services, and artificial intelligence. These industries not only support the backbone of the national economy, but they are also essential for economic sustainability.

The world waits in expectation as the UAE keeps paving the path for a diverse, sustainable economy. The nation’s dedication to promoting innovation and investment in new growth sectors is seen in its strategic economic planning and the upcoming Investopia conference.