UAE reveals national framework to surge GDP by double within...| MENAFN.COM

Thursday, 08 December 2022 05:01 GMT

UAE reveals national framework to surge GDP by double within 9 years


(MENAFN) The UAE has prepared a framework to surge its gross domestic product by double reaching 3 trillion dirhams (USD820 billion) by 2031 via driving up the nation’s non-oil shipments and tourism industries.

Revealed by the nation’s Vice Leader Sheikh Mohammed bin Rashid at the UAE Annual Government gatherings hosted in Abu Dhabi, the ‘We The UAE 2031’ Framework put its priority on social, economic, investment and development sectors.

As part of the framework to surge GDP from its present rate of 1.49 trillion dirhams, goals were established to rise the nation’s non-oil shipments to 800 billion dirhams (USD217b).

Sheikh Mohammed stated that ‘We The UAE 2031’ is going to show the advancements of the nation towards an additionally achieved and improved future, in which all entities and institutions are going to collaborate within a united ecosystem.

“It represents our government vision for the next decade as we start a national path towards new achievements under the leadership of my brother Mohamed bin Zayed,” he stressed.

Also mentioning that “The UAE will maintain its position as an economic destination… Economic prosperity, social well-being and development of human capital will be the main pillars of the next 50 (years).”

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