The UAE Minister of Economy revealed a GDP growth of 3.7 percent in the first half of this year, driven by the growth of the non-oil sector.
Minister Abdullah bin Touq Al Marri stressed during a business conference in Dubai that "the growth of the non-oil sector increased by 5.9 percent in the first six months of the year." Pointing out that "the UAE has become less dependent on oil and more dependent on knowledge-based sectors, as the non-oil sector accounts for more than 70 percent of the country's GDP."
As part of its plans to diversify its economies and sources of income and attract foreign investment, the UAE has made the most significant progress in this process, developing sectors such as financial services, trade, and tourism, as well as implementing social and trade reforms.
Source (Al-Arab Newspaper of London, Edited)
