Abu Dhabi,Emirates- The International Monetary Fund expects the UAE economy to continue its strong performance next year, with Abu Dhabi recording growth of up to 6%.
Dubai also saw growth of 3.4%, driven by the momentum of non-oil sectors
and the expansion of service, real estate, and tourism activities.
The expectations came in statements by Dr. Jihad Azour, Director of the Middle East
and Central Asia Department at the International Monetary Fund,
During a press conference held at the Dubai International Financial Centre to review
the “Regional Economic Outlook for the Middle East and North Africa” report.
Azour indicated that the UAE will record a total growth rate of about 4.8% in 2025, rising to 5% in 2026.
It is the highest among the Gulf Cooperation Council countries, reflecting the strength of economic performance
and the continued diversification policies adopted by the country in recent years.
He explained that Abu Dhabi is benefiting from the improvement in oil production following the re-liberation of the OPEC Plus agreement.
In addition to strong performance in the services, real estate and infrastructure sectors,
Dubai continues to consolidate its position as a global financial and tourism hub,
This is thanks to the expansion of investments and innovation in the fields of the digital economy and modern technologies.
The IMF official stressed that flexible fiscal policies, massive government investments, and talent attraction initiatives,
Foreign capital has also contributed to strengthening the UAE’s position as one of the fastest-growing economies in the region and the world.
