Page 523 - MOE ENGLISH PR REPORT- NOVEMBER 2024

Currently, non-oil sectors, he said, contribute 74% of the nation’s GDP, encouraging investors and
entrepreneurs to expand in these areas, supporting the UAE’s goal of becoming a global hub for the
new economy by the next decade, in line with the 'We the UAE 2031'.
He stated, “Gulf countries have emerged as major economic powers with a significant impact on
the global economic and investment landscape, thanks to their strategic geographical locations,
outstanding infrastructure, and diverse investments across many nations.

This, he added, has established these countries as international hubs for business and investment,
hosting some of the world’s largest companies.
"We are committed to supporting continued Gulf cooperation across various fields, especially in
economic and investment sectors, and exploring opportunities to enhance economic integration,
contributing to the resilience and advancement of Gulf economies toward greater progress and
prosperity,” he said.

https://www.wam.ae/en/article/b60da2v-minister-economy-highlights-developments-uae