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Abu Dhabi / WAM
The Ministry of Economy is predicting a rise in the share of the non-oil sector in the UAE’s GDP to 80% by 2021, compared to 70 percent in 2017 while stating that the UAE has the most diverse economy in the GCC region. It added that the country’s seven emirates have their own economic priorities, despite the fact that all are committed to the comprehensive development strategy of the UAE Vision 2021 while pointing out that although Abu Dhabi maintains most of the country’s reserves of oil and gas and manages most of the national savings, Dubai is the country’s commercial centre, according to its study, titled, ‘The UAE and the Leading Economies of the World.’
The ministry noted that Abu Dhabi and Dubai continue to promote the country’s domestic economic growth. Dubai attracts major foreign investments, at the time when it is preparing to host the Expo 2020 Dubai.