The UAE Minister of Economy, Abdullah bin Touq Al Marri, explained, "The UAE recorded an exceptional and strong economic performance in various sectors and economic and commercial activities, despite the economic fluctuations witnessed by the world." Pointing to "the rise in the gross domestic product of the UAE economy in 2022, reaching constant prices 1.62 trillion dirhams, achieving a positive growth of 7.6 percent, while at current prices it reached 1.86 trillion dirhams, an increase of more than 337 billion dirhams from 2021, achieving a growth of 22.1 percent."
He pointed out that "the tourism sector is one of the main sectors that led the growth of the UAE economy during the past year. As the contribution of the travel and tourism sector to the GDP increased by 60.2 percent to reach about AED 167 billion, and its contribution is expected to reach by the end of 2023 by about AED 180.6 billion, a growth of 8.3 percent over 2022".
Source (Sky News Arabia Website, Edited)
