UAE’s minister of economy said Abdulla bin Touq Al Marri said 4.9% of non-oil GDP growth is possible in 2024
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According to Abdulla bin Touq Al Marri UAE economy 7% annual GDP growth is his personal target, but that 4.9% non-oil growth is possible in 2024.
The International Monetary Fund (IMF) and the World Bank expected the UAE’s GDP to grow at 4.2% in 2024 he said, adding, it was possible that there may be 4.9% growth in non-oil GDP.
“When I said it, I said I want to do 7% per year, a year I get it, a year I don’t. It depends on the economy, what’s really happening in the economy globally,” Al Marri told the summit.
“We are looking at 4-5% this year, maybe 5% GDP growth, that’s something we are eying,” he said.
Also UAE Growth from traditional economies such as real estate and tourism to new types of tourism, such as sustainable tourism, health tech, we’re looking into AI, generative AI, the UAE is becoming the capital of AI.
I must say UAE's diversified economy ensures a bright and resilient future.
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