Page 335 - MOE ENGLISH PR REPORT - FEBRUARY 2024

UAE economy expected to grow by 5% in

2024: Minister

Story by Hatem Mohamed / Tariq Al Fahaam

• 1d

ABU DHABI, 27th February, 2024 (WAM) -- Abdullah bin Touq Al Marri, Minister of Economy, has

predicted that the UAE economy will grow by up to 5% in 2024.

Speaking to the Emirates News Agency (WAM), the minister pointed out that more than 73% of
the national economy is now non-oil, a historic first for the country. "This achievement reflects
the confidence of the private sector and investors around the world in the UAE's investment

environment."

He made the statements on the occasion of the third annual conference of Investopia, the global
investment platform launched by the UAE government in September 2021, which will take place

on 28th and 29th February, in Abu Dhabi, under the theme ‘Emerging Economic Frontiers:
Investing in the New Economy Growth Sectors’.

“The private sector is a key pillar in the new economic and investment landscape,” he said. "It is

at the heart of global changes and challenges. And in implementation of the directives of the wise
leadership, the UAE has identified the most sustainable and flexible economic sectors, which

have reached more than 16 sectors, including health technology, agriculture, education, financial
services, artificial intelligence, and other sectors that contribute to the sustainability of economic
sectors and enhance the strength of the national economy."

https://www.msn.com/en-ae/news/other/uae-economy-expected-to-grow-by-5-in-2024-
minister/ar-BB1iZ7OU