Evidence that the UAE economy is on a growth path
Dubai: UAE Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum has said that the country’s gross domestic product (GDP) grew by 3.8 percent last year.
He wrote on Twitter that the UAE economy was booming and that the journey ahead had not stopped. According to the Center for Statistics, there has been a significant improvement in GDP.
GDP growth in 2021 is higher than in 2019. The UAE also had the highest growth in the region. The UAE’s performance surpasses the World Bank’s forecasts. The World Bank forecast 2.1 percent growth. Sheikh Mohammed said that this could be overcome. These figures show that the UAE’s economy has been on a growth path since Kovid’s arrival.
The fairs, including the Expo, are expected to boost the UAE’s economy.