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The UAE's diversification policy has created new tributaries for the national economy, which is now among the most highly developed economies in the world.
The value added tax (VAT) of 5 percent since the beginning of the year has increased the UAE's gross domestic product by 1.5 percent to 2 percent in 2018, reaching AED 1.6 trillion compared to AED 1.49 trillion in 2017.
The adoption of the tax came as a result of the commitment of the UAE to implement more active policies to promote economic growth, which also contributed to diversifying the resources of the national economy in general.

Source: (Al Khaleej Newspaper, Edited)