UAE Economy & Tourism Minister on diversification and resilience
Market Intelligence Analysis
AI-PoweredThe UAE Economy & Tourism Minister emphasizes the country's efforts in diversification and resilience in the face of economic fragmentation and rising protectionism, with non-oil sectors contributing 3/4 of GDP and expected growth of 4-5% this year.
Market impact analysis based on bullish sentiment with 90% confidence.
Article Context
The UAE is responding to economic fragmentation and rising protectionism by strengthening diversification and dialogue, with non-oil sectors now making up around three-quarters of GDP and growth of about 4–5% expected this year, according to UAE Economy & Tourism Minister Abdulla Bin Touq Al Marri, speaking to Bloomberg's Joumanna Bercetche in Davos. Al Marri also highlighted strong foreign investment inflows and the expanding role of tourism as central to the country’s economic resilience. (Source: Bloomberg)
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