10 Reasons Why You Can Be Positive About The Economy Of The UAE

Obviously the economy is one of those things you never want to discuss – but the worries will always be at the back of your mind.

Director General of Dubai Economy, Samir Qamzi, states that even though Dubai is working to be a city of happiness, creativity and empowerment, they are also working hard to become the number one economy in the world.

So here it goes, 10 reasons why the economy of Dubai is nothing to be afraid of.

1. The economy is expected to expand even further

So far, the UAE has been outperforming global economic growth as well as defying downward trends.

2. Stable macroeconomic environment

Alongside its diversification, sustainability policies, growth strategies and infrastructure initiatives are all positive factors to fuelling outstanding economic performances 

3. Dubai Plan 2021, Dubai Industrial Strategy 2030, Expo 2020

Are all initiatives that have opened up various opportunities for different global businesses to open in NON-OIL sectors in the UAE

4. Strong Consumer Confidence

A survey from which 80% of respondents rated the economy positively as well as the available job opportunities

5. Improvements in routes, capacity, frequency, quality of services

All these brought in 15 million visitors and a growth in the tourism sector in the last few years

6. Large investments

In sectors such as travel, tourism, leisure and hospitality will all attract more visitors into the UAE

7. 47 contracts worth AED11 billion

Are set to be activated at ONLY the Expo2020

8. Real estate sector is constantly growing

Already by 4.3% in 2017. The manufacturing sector has also seen a growth of 3.3% as well

9. Transportation sector is on the rise too

With the Etihad Rail Project and the Dubai Metro extension

10. The UAE is ranked as 26 out of 190 economics in the World Bank Doing Business Report

And it’s currently the 1st in the Arab region.