UAE Economy & Tourism Minister on diversification and resilience
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The UAE is adapting to economic fragmentation and rising protectionism by enhancing its diversification strategies and fostering dialogue. Non-oil sectors now account for approximately 75% of the GDP, with an expected growth rate of 4-5% this year, as stated by Economy & Tourism Minister Abdulla Bin Touq Al Marri. He emphasized the importance of strong foreign investment and the growing tourism sector in bolstering the nation's economic resilience.
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📚Bağlam ve Tarihsel Perspektif
The global economy is currently experiencing fragmentation and increasing protectionist tendencies, prompting countries to rethink their economic strategies. The UAE's focus on diversification is particularly noteworthy given its historical reliance on oil revenues. As the nation shifts towards a more balanced economic structure, it aims to attract foreign investments and enhance its tourism sector to ensure long-term resilience.
This article is based on statements made by UAE officials and reflects their perspective on the current economic situation.
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