Page 249 - MOE ENGLISH PR REPORT - FEBRUARY 2024

3/4/24, 5:22 PM UAE economy expected to grow by 5% this year, Minister of Economy says

Minister of Economy Abdullah bin Touq. Pawan Singh / The National

Last year, the UAE achieved 30 per cent of the strategy’s target, as the industrial sector’s
contribution to GDP hit Dh197 billion.

The government is keen to boost FDI inflows, particularly in areas such as health care and life
sciences, advanced manufacturing, artificial intelligence and robotics.

“The UAE has identified the most sustainable and flexible economic sectors [for growth]
including health technology, agriculture, education, financial services, artificial intelligence,” the
Minister told Wam.

The growth momentum in these sectors was contributing to sustainability and enhancing the
“strength of the national economy", he said.

Updated: February 28, 2024, 5:10 PM

ECONOMY UAE GCC
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