UAE’s non-oil contribution to GDP to swell to 80% by 2021 | GulfNews.com

UAE’s non-oil contribution to GDP to swell to 80% by 2021 | GulfNews.com:

"The UAE’s non-oil contribution to its GDP (gross domestic product) will jump by about 14 per cent in four years due to rapid diversification of the economy, Sultan Bin Saeed Al Mansouri, Minister of Economy, said on Monday. Currently, the non-oil sector contributes 70 per cent of the UAE’s GDP with oil contributing the remaining. By 2021, the non-oil sector will contribute 80 per cent, he said. “Efforts are being made to increase the percentage of non-oil sector to the GDP by 80 per cent by 2021 in order to establish the base for post-oil economy,” said Al Mansouri while speaking at the UAE-Iraq Trade and Investment Forum in Abu Dhabi."



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