The UAE’s economy is immune to being affected by external crises

Economists expected that the UAE economy would witness strong growth during 2025, supported by non-oil sectors, led by tourism, aviation, real estate, retail, investment, foreign trade, technology and digital transformation.

They confirmed to “Emirates Today” that the national economy has become strong and largely immune from being affected by external crises, after the many tests it has gone through over the past years, thanks to the advanced infrastructure and modern legislative structure, noting that the UAE has become a destination for investors and major businessmen in a few years. .

In detail, the Emirati economist, Ahmed Al Darmaki, said that the national economy is strong and solid, supported by an advanced infrastructure and a modern legislative structure that supports trade and investment, and the oil sector is very strong, which makes the Emirati economy immune to being affected by the greatly difficult regional and global conditions.

Al Darmaki added that the UAE is always working to introduce changes in the strategies and policies it adopts to adapt to various variables, with the aim of finding innovative solutions and confronting any emerging challenges, noting that the UAE has succeeded in significantly diversifying its economy within a few years, and building strong economic sectors capable of confronting them. Challenges. He explained that there are many main sectors that will lead growth during the year 2025, most notably the sectors of tourism, aviation, retail, investment and foreign trade, in addition to the presence of a modern and strong oil and energy sector that keeps pace with the latest innovations. Global.

Al Darmaki pointed out the fairness of the highly efficient tax system, which aims to increase the social contributions of major companies, as it includes tax rates that are the lowest in the world.

For his part, the economic expert, Ali Al-Hamoudi, said that the economic forecasts for the UAE for the new year 2025 indicate strong growth, as the UAE is expected to lead its counterparts in the Gulf Cooperation Council in economic growth, with support from the non-oil sector, as expectations indicate a rate Growth ranges between 4 and 5% in this key sector, which confirms the country’s ongoing diversification efforts and successful economic strategies.

Al-Hamoudi stated that there are many critical factors that support the UAE’s economy in 2025, ensuring that the country remains on the path of sustainable and diversified growth, most notably investment in technology and digital transformation, as the UAE has a strong focus on developing its digital and technological sectors.

He pointed out that these new sectors are expected to continue to attract significant investments and contribute to the broader economy in 2025, especially in light of government initiatives aimed at promoting innovation, such as the “UAE National Strategy for Artificial Intelligence 2031,” which will lead to significant growth in related industries. With technology.

Al-Hamoudi pointed out that the UAE’s strategy to diversify sources of investment outside oil and gas has proven to be highly effective, with the continued growth of sectors such as tourism, real estate, and financial services that lead growth, as the country’s economy has become less dependent in recent years on “hydrocarbons,” which makes it more flexible in the face of fluctuations. In global energy markets, it supports continued growth through 2025.

In turn, the financial and economic expert, Amjad Nasr, said that the UAE’s economy is strong and largely immune from being affected by regional and global crises, after the many tests it has gone through over the past years, and was able to overcome the external crises it faced, starting with the global financial crisis, through the Corona pandemic. , to the difficult geopolitical situations in some regions of the world.

Nasr explained that the oil sector supports economic growth, in addition to the continued significant growth expected in the sectors of tourism, aviation, real estate, energy, petrochemicals, industry, financial sectors, services, export and re-export during the year 2025, after the state achieved great success in diversifying the economy, developing various economic resources, and enhancing sources of economic growth. Income through a successful tax system that applies the lowest tax rates in the world.

He added that the past period witnessed excellent updates in legislation related to investment and virtual currencies, and support for infrastructure and the aviation, ports, transportation and storage sectors, which supports growth in the new year.

Nasr stressed that the UAE has become a destination for investors and major businessmen in a few years, supported by security, safety, luxury of living, ease of doing business, and flexibility of legislation.