The UAE is one of the successful countries in the world with a vision focused on progressing the economy with strategic innovation, diversification and sustainable development. The Oil Refining Industry has majorly contributed to the economy which flourished with capital and asset investments. Recognizing the reduction of reliance on oil, the UAE government has taken initiatives and implemented many long-term policies which fosters the non-oil sectors which includes trade, finance, real estate, tourism and technology. Both Vision 2030 and Centennial 2071 are the determining strategies of the UAE to create a knowledge-based economy to establish themselves stronger amidst the global competitiveness.
The Ministry of Energy and Infrastructure has tweeted on the National Environment day about the importance of adapting finer initiatives for the country’s growth.
بمناسبة يوم البيئة الوطني، نجدد التزامنا الراسخ بحماية بيئتنا وتحقيق الاستدامة لمستقبل أكثر ازدهارًا للأجيال المقبلة. ونحن في الإمارات، بقيادة ورؤية حكومتنا الرشيدة، مستمرون في اتخاذ خطوات طموحة لمواجهة هذا التحدي عبر تبني سياسات مستدامة والاستثمار في الطاقة المتجددة وتعزيز… pic.twitter.com/grI6hWVMZ3
— وزارة الطاقة والبنية التحتية (@MOEIUAE) February 4, 2025
The given information states that the UAE is projected to encounter a significant economic growth in 2025 which is estimated as 6.2% by the Central Bank of UAE from 3.9% in 2024. The dynamic non-oil sector, public and monetary policies are aiding to maintain the financial stability and the development of UAE’s economy, also helps to robust the advancement. Meanwhile, the IMF (International Monetary Fund) has estimated a variation in the economic growth of UAE as 5.1%.
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The UAE has built one of the key drivers of economic growth such as the business-friendly infrastructure and mega-projects, 100% foreign ownership in various sectors, reduced corporate taxes, free economic zones, advanced research & investment in AI and promising global trade. The visionary leadership, strategic investments and adaptive policies of the UAE has transformed it as a global hub of investments and foreign trade. They redefine the world economy through their sustainable growth along with their futuristic policies which are well-crafted.
