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5/10/24, 2:51 PM Economy Middle East Summit 2024 highlights economic growth prospects in the MENA region
Economy Middle East Summit 2024 highlights economic growth prospects in the MENA region
Summit sparked discussions between 1000+ C-level executives, entrepreneurs and government-
related entities

UAE’s non-oil sector today accounts for 74 percent of the country’s total GDP, says Minister of Economy Abdulla Bin Touq Al Marri
The Economy Middle East Summit 2024 was held on Wednesday at the Abu Dhabi Global Market (ADGM), in
the presence of high-profile leaders who shared valuable insights under the theme “Accelerating Future Growth”.
The event brought together top-tier attendees including UAE Minister of Economy, His Excellency Abdulla Bin
Touq Al Marri. Salem Al Darei, CEO of ADGM Authority, delivered the welcome notes before the summit
hosted several panel discussions. The summit’s agenda focused on key challenges and opportunities in banking
and finance, technology, hospitality, tourism and the future of mobility.
The event focused on navigating the global economic landscape beyond 2024 and emphasized the MENA
region’s economic outlook amidst new global realities. Discussions explored tomorrow’s digital financial
services landscape and highlighted the significance of tourism as a key economic driver. The event also featured
insights into future technology landscapes and fireside chats with key industry figures including Hatem Dowidar,
Group CEO of e&, and His Excellency Badr Al Olama, Director General, Abu Dhabi Investment Office,
provided further perspectives on economic development and innovation.
Economic diversification is key
The minister of economy confirmed that the UAE, thanks to the directives of its wise leadership, has made great
strides in diversifying its national economy and shifting towards a flexible economic model based on knowledge
and innovation. As a result, the non-oil sector today accounts for 74 percent of the country’s total GDP. This
confirms the effectiveness of the advanced steps we have adopted to further economic diversification, in line
with the goals of the ‘We the UAE 2031’ vision and the UAE Centennial Plan 2071.

Abdulla Bin Touq Al Marri, UAE Minister of Economy

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