At the opening of the World Economic Forum's "brainstorming" sessions in Dubai this week, UAE policymakers took the opportunity to paint an optimistic picture of the country's economy, and with much justification.
Since the financial crisis, the economy has broadly been brought back on track. GDP growth this year will be somewhere above the 4 per cent mark, on target to top the Dh1 trillion (US$272.25 billion) level for the first time.
The policy of diversification away from oil dependency is paying off, with energy revenue now accounting for less than 30 per cent of total GDP. All the other indicators - foreign direct investment, competitiveness, human development indexes - are heading in the right direction.
No comments:
Post a Comment