11:28 - 28.11.2024

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November 28, Fineko/abc.az. The UAE's non-oil economy will grow by 4.7% in 2024, ABC.AZ reports, quoting Michael Bolliger, Chief Investment Officer Emerging Markets, UBS Global Wealth Management.

The country's non-oil sector is moving towards steady growth, driven by booming tourism and real estate sectors, increased government spending on capital projects and strong inflows of foreign direct investment.

The IMF recently confirmed its forecast for UAE’s GDP growth of 4% in 2024 and 5.1% in 2025.