Standard & Poor's expects the UAE economy to grow by 3 percent this year as the non-oil sector continues to expand, especially in services and industry, and accelerates to 4 percent next year, supported by a strong performance of the oil and non-oil sectors.
Standard & Poor's expects the UAE economy to draw support from the tourism sector, which will continue to grow with the support of regular hosting of major events such as COP28, which will contribute to the UAE's goal of increasing the number of visitors to 40 million by 2030, with the number of hotel rooms expected to reach 250,000 during the same period.
Source (Al-Asharq Al-Awsat Newspaper, Edited)
