Friday, May 24, 2024
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The Mena Region’s Economic Growth Prospects are Discussed at the Summit.

The event aimed to navigate the global economic landscape beyond 2024, particularly emphasizing the Mena region’s economic prospects in light of these new realities. Conversations focused on the importance of tourism as a major economic engine and examined the future environment of digital financial services. In addition to offering perspectives on economic development and innovation, the event included fireside discussions with prominent industry personalities, such as Hatem Dowidar, Group CEO, e&, and Badr Al-Olama, Director General, Abu Dhabi Investment Office.

The Minister of Economy, Abdulla Bin Touq Al Marri, affirmed that the United Arab Emirates has achieved significant progress in diversifying its domestic economy and transitioning to a flexible model centered on information and innovation, all thanks to the instructions of its astute leadership. Consequently, 74% of the nation’s GDP is derived from the non-oil sector. In keeping with the objectives of the UAE Centennial Plan 2071 and the “We the UAE 2031” vision, this validates the efficacy of the advanced measures we have taken to expand economic diversification.

To increase the country’s appeal for foreign investments, the UAE is working to create an environment that is conducive to business and economic activity. It also wants to create competitive and adaptable laws and economic policies to benefit investors, capital owners, and entrepreneurs.

Also Read:

Saad Anwar: Redefining Leadership and Innovation  

Local Markets Report Dhs24.3 Billion in Liquidity.

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Friday, May 24, 2024

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