Player FM uygulamasıyla çevrimdışı Player FM !
UAE Aims for 7% Annual Growth to Reach Dh3 Trillion GDP by 2030
Manage episode 446467613 series 2991040
Want to know more? Below my contact details
+971553523125
The International Monetary Fund (IMF) has raised the UAE's GDP growth forecast to 5.1% for 2025, an increase from its previous 4.2% projection.
This revision follows strong non-oil sector growth and stable crude prices. In May, the IMF also boosted its 2024 forecast for the UAE, now expecting 4% growth this year, up from 3.5%.
Key drivers of the UAE's robust economic performance include thriving tourism, construction, manufacturing, and financial services sectors, as well as increased foreign demand for real estate.
The country's safe-haven status and rising housing prices have further boosted domestic liquidity.
The UAE's non-oil sectors, particularly real estate, travel, and trade, have surged post-COVID-19, driving job creation and economic activity.
The UAE Cabinet has approved a record federal budget of Dh71.5 billion for 2025, supported by increased oil revenues and new corporate taxes.
The UAE aims to grow by 7% annually to double its GDP to Dh3 trillion by 2030.
Source: https://www.khaleejtimes.com/business/imf-hikes-uaes-gdp-growth-forecast-to-5-1-for-2025
199 bölüm
Manage episode 446467613 series 2991040
Want to know more? Below my contact details
+971553523125
The International Monetary Fund (IMF) has raised the UAE's GDP growth forecast to 5.1% for 2025, an increase from its previous 4.2% projection.
This revision follows strong non-oil sector growth and stable crude prices. In May, the IMF also boosted its 2024 forecast for the UAE, now expecting 4% growth this year, up from 3.5%.
Key drivers of the UAE's robust economic performance include thriving tourism, construction, manufacturing, and financial services sectors, as well as increased foreign demand for real estate.
The country's safe-haven status and rising housing prices have further boosted domestic liquidity.
The UAE's non-oil sectors, particularly real estate, travel, and trade, have surged post-COVID-19, driving job creation and economic activity.
The UAE Cabinet has approved a record federal budget of Dh71.5 billion for 2025, supported by increased oil revenues and new corporate taxes.
The UAE aims to grow by 7% annually to double its GDP to Dh3 trillion by 2030.
Source: https://www.khaleejtimes.com/business/imf-hikes-uaes-gdp-growth-forecast-to-5-1-for-2025
199 bölüm
सभी एपिसोड
×Player FM'e Hoş Geldiniz!
Player FM şu anda sizin için internetteki yüksek kalitedeki podcast'leri arıyor. En iyi podcast uygulaması ve Android, iPhone ve internet üzerinde çalışıyor. Aboneliklerinizi cihazlar arasında eş zamanlamak için üye olun.