The UAE Minister of Economy, Abdullah bin Touq Al-Marri, expected the growth of the UAE's gross domestic product to rise to 6.5% by the end of the current year 2022, and more than 7% next year 2023.
Bin Touq pointed out during a press conference held in Dubai to talk about "the future of investment in sports" that the year 2022 was exceptional for the growth of the UAE's domestic product. This growth is due to the recovery plan launched by the government, as the GDP growth exceeded global estimates, reaching 6.5%, and it is expected that growth next year will exceed this figure to reach 7%.
He stressed that the growth was good in 2021 after the pandemic, and the year 2022 came to be an exceptional year, while 2023 will be the same as the previous year, and even stronger and better in performance.
The UAE economy achieved strong growth during the first half, as the gross domestic product at constant prices jumped 8.5% to about 817.2 billion dirhams. The non-oil GDP at constant prices also achieved a close growth of 7.8%, with a value of 592 billion dirhams.
Source (Emirati Gulf Newspaper, Edited)
