Money and business

Abdullah bin Touq: The UAE’s economy is strong, solid, and capable of facing geopolitical changes flexibly and efficiently.

Abu Dhabi, 6 May / WAM / His Excellency Abdullah bin Touq Al Marri, Minister of Economy and Tourism, affirmed that the UAE’s economy enjoys strength and durability and continues to achieve sustainable growth rates with a high ability to deal flexibly and efficiently with the geopolitical changes taking place in the region and the world, thanks to the clear national visions and directives of the wise leadership towards promoting economic diversification, especially in the sectors of the new economy in which the country has achieved advanced global positions and established its position as an economic model to be emulated.

His Excellency said in statements to the Emirates News Agency (WAM) on the sidelines of the “Make in the UAE 2026” platform activities, that the current challenges do not affect the UAE economy, which was founded on diversity and partnerships with the largest and strongest economies in the world, which made it a major pillar in attracting foreign direct investments from various global markets, and consolidated the country’s position as a preferred destination for investors searching for an advanced investment environment that supports the sustainability of economic growth.

His Excellency Abdullah bin Touq Al Marri expected the UAE economy to grow by more than 3.1% during the current year 2026, according to estimates by international institutions, as the national economy continues to attract more new companies and expand business activities, with the number of companies registered in the country exceeding 1.4 million companies, indicating that the contribution of non-oil sectors to the gross domestic product reached 78%, which reflects the country’s success in building a strong and diversified national economy and steadily progressing towards exceeding 80% in the contribution of non-oil sectors. Oil.

He added that the “Make in the UAE 2026” platform is witnessing a display of advanced national industries and a broad national and international presence that reflects the leading position of the UAE in the industrial and manufacturing sector and the keenness of investors to explore qualitative investment opportunities in this vital sector that achieves rapid growth rates and to benefit from the country’s position as a pivotal global center at the heart of global supply chains.

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