World Bank predicts economy growth of 2.1% for UAE

For the United Arab Emirates, the World Bank has predicted a growth of 2.1% for the national economy. The information was shared by the Vice President and Prime Minister of the United Arab Emirates, its Minister of Defence, as well as the Ruler of the Emirate of Dubai – Sheikh Mohammed bin Rashid Al Maktoum. 

Sheikh Mohammed bin Rashid tweeted, “The Statistics Center finished calculating the gross domestic product of the UAE in 2021. The expectations of the World Bank predicted a growth of 2.1% for our national economy, and we achieved 3.8% growth in 2021 (higher than the growth of 2019) and the highest growth in the region. At current prices, the output was one trillion and 489 billion dirhams.” 

“In a turbulent, changing world, the United Arab Emirates has not stopped moving steadily forward; our economy is on the rise, our path is accelerating, our competitiveness is moving up, and our future is going to be good, God willing, and we give good news to our people that the future is better.”   

Meanwhile, the Middle East country is managing quite well to overcome the impacts of the deadliest COVID-19 viral disease, in which the mega event of Dubai EXPO 2020 assisted a lot, witnessing nearly 24 million visitors, bolstering the tourism of the Middle East country. 

The authorities earlier predicted and set a goal to witness the arrival of nearly 25 million visitors to Dubai EXPO 2020 and able to achieve the closest margin in the time frame of 6 months.