Oxford Economics published a statement saying that the economy of the United Arab Emirates will increase to 4.8 percent in 2025.
Publish dateSunday 22 September 2024 - 19:39
Oxford Economics:
The UAE economy will increase by more than 4% by 2025
He added that the non-oil sectors, mainly travel and tourism, will continue to grow strongly, with visitors to Dubai and traffic through DXB reaching record levels.
Livermore added that the UAE's economy has weathered the challenge due to significant support from the government by implementing growth and diversification programs.
He also emphasized that the UAE is increasing its attractiveness to foreign investors and talent through initiatives such as allowing 100 percent foreign ownership of onshore companies and reducing costs for creating jobs, which have helped to grow the population and strengthen the real estate market. .
He noted that policymakers are also focusing on innovative and emerging sectors across finance, creative industries, manufacturing and other sectors.
Livermore also expects the global economy to grow by 2.7 percent this year and next.
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Source : news agency wam
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