UAE's Economic Vision at Gateway Gulf 2024: Diversification and Innovation

At the Gateway Gulf 2024 Investment Forum, UAE's Minister of Economy, Abdullah bin Touq Al Marri, discussed the country's economic diversification and innovation-centric growth. The UAE aims to become a global hub for the new economy, with non-oil sectors now forming 74% of its GDP, in line with 'We the UAE 2031'.

At the Gateway Gulf 2024 Investment Forum in Manama, Abdullah bin Touq Al Marri, UAE's Minister of Economy, discussed key advancements in the nation's business landscape. He emphasized investment prospects within burgeoning economic sectors and outlined recent legislative changes designed to bolster the UAE's economic landscape.

Al Marri highlighted the UAE's strategic pivot towards a knowledge-driven economy under its visionary leadership. He noted that non-oil sectors now represent 74% of the country's GDP, signaling a robust shift that encourages entrepreneurs to invest further in these areas. This strategy aligns with the 'We the UAE 2031' initiative, positioning the nation as a future global economic hub.

He also underscored the growing influence of Gulf countries as economic powerhouses, attributing it to their strategic locales, top-tier infrastructure, and diverse international investments. Al Marri reaffirmed the UAE's commitment to fostering Gulf cooperation in economic sectors, aiming to drive regional prosperity and resilience.

(With inputs from agencies.)