And he said Azour On the sidelines of the conference organized by the Dubai International Financial Center in cooperation with International Monetary Fund Under the title: “October 2024: Prospects for the Regional Economy for the Middle East and Central Asia” Non-oil growth rates in the UAE range between 4 percent and 5 percent for the year 2025, which is a strong rate that reflects the success of the economic policies followed.
Azour praised the ability The UAE To adapt to global economic and geopolitical changes and play an essential role in being a global meeting point between major economic blocs and a center for the most important global events.
He explained that despite the global situation, capacity has emerged Emirati economy “To adapt quickly and use modern technology to excel,” he stressed that the UAE has succeeded in maintaining high growth rates, according to the Emirates News Agency.
He pointed to a group of positive factors that enhance the future prospects of the UAE economy, including investment in the digital and technology sectors, renewable energy and environmentally friendly projects, in addition to the UAE’s policy of diversifying investment sources and enhancing climate sustainability.
He said that the UAE economy has witnessed during the past years a group of transformations as a result of global changes, noting that the Corona pandemic was among the most prominent challenges that contributed to developing the UAE’s ability to adapt and be flexible, and through which the UAE economy was able to adopt modern technologies to improve services and raise the level of competitiveness, which enhanced The UAE’s position as a global economic and financial center.”
He pointed out that the UAE has invested heavily in promising sectors, such as technology, technological infrastructure, and renewable energy, in addition to hosting a group of major economic events, such as Expo 2020 and the COP28 climate conference, which contributed to strengthening the UAE’s position as an attractive center for global investments.
He stressed that the UAE and Dubai have become a safe haven for investors and a place to plan for the future, explaining that investment in promising sectors will play a role in developing the UAE economy and Dubai’s economy and opening new horizons for them.
Regarding the Middle East region, Dr. Jihad Azour emphasized that the economic situation in the region differs according to the quality of the economy in each country and stressed that the priority at the current stage is to enhance economic stability and improve growth prospects in the medium term.
Azour stressed the International Monetary Fund’s commitment to supporting the economies of the Middle East and North Africa, explaining that this year alone, the Fund provided financing worth $13.4 billion to countries in the region in addition to Pakistan.
He pointed out that the year 2025 may witness a relative improvement in the economic growth rate in the region, and he expected the average to rise from 2.1 percent this year to 4 percent next year.