UAE economy set for 3% growth in 2023, driven by non-oil sectors: S&P 

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Tue, 2023-09-26 15:07

RIYADH: The UAE is expected to achieve 3 percent economic growth in 2023 driven primarily by the non-oil sector, as outlined in a report by Standard and Poor’s.

The analysis from the ratings agency forecasts a further expansion rate of 4 percent next year.

S&P is bullish regarding the prospects of the UAE’s tourism industry, attributing its growth to the successful hosting of major events and activities. 

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