At the first UAE Cabinet meeting in the year 2025, Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum said that the country’s GDP will be over AED 1.7 trillion or USD 462.8 billion. The meeting conducted in Abu Dhabi described optimistic economic targets including export/import exceeding AED 2.8 trillion (762.3 billion USD). Total non-oil exports are view to hit more than AED 540 billion while total imports are likely to surpass AED 1.6 trillion, total re- exports exceeding AED 700 billion.
In that year, the president of UAE Sheikh Mohammed declared the country had its most successful year in ‘economic and development,’ thanks to strategic plans and global cooperation to boost diversification and trade. The meeting was presided by the major leaders such as Sheikh Mansour bin Zayed Al Nahyan and Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum in order to review the previous accomplishments and to set out a sound pattern for the year 2025.
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These projections are witnessed as a shift in the growth strategy of the UAE besides underlining the country’s determination to boost its position in the international trade and investment map.
