UAE economy to grow by 6.2% in 2025, says Arab Monetary Fund
Improvements in tourism activity, real estate, and international trade will drive growth
The UAE’s economy is expected to grow by 3.9 per cent this year, rising to 6.2 per cent in 2025, the Arab Monetary Fund (AMF) said in a report on Thursday.
In its Arab Economic Outlook report issued on July 25, the AMF said the country’s economic growth will be driven by continued improvements in tourism activity, real estate, and international trade, increased capital spending, and ongoing efforts to support the economy, including developments in high-tech industries. The report also stated that the UAE’s economy shows strong fundamentals supported by a dynamic non-oil sector and robust public and monetary policies aimed at maintaining economic development, financial stability, and the soundness of the financial sector.
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