UAE Economic Growth Set to Increase in 2025

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The United Arab Emirates economy is projected to see strong growth in 2025 According to a report by BMI pa global research firm, the UAE economic growth will jump to 6.7% in the year 2025 This would be a big increase from the growth rate of 3.8% expected for 2024. 


The BMI report cited several reasons for its optimism about the UAE economic outlook One key factor is the country efforts to diversify its economy beyond oil Over the years the UAE has built up strong non oil sectors like tourism financial services real estate and transport  It also has trade ties with neighboring countries like Iran  These various aspects of the economy help boost growth. 


Another positive is that oil prices are expected to remain reasonably high over the next couple of years This provides support to the oil sector and also fills government coffers. Some of this revenue can be invested in development projects. Additionally as a regional trading and business hub, the UAE benefits from economic activity across the Middle East and North Africa region.


However the BMI report also warned that long term growth may not be as strong as previous expectations  This is because global oil demand growth is set to slowdown in the coming decades as countries shift towards renewable energy  While the UAE is well placed in the near future it still relies on oil and will need to keep diversifying its economy over the long run to maintain growthrates.

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