{"id":101292,"date":"2025-03-04T00:00:00","date_gmt":"2025-03-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/the-uae-is-on-track-for-7-annual-economic-growth-soon-al-marri\/"},"modified":"2025-03-04T00:00:00","modified_gmt":"2025-03-04T00:00:00","slug":"the-uae-is-on-track-for-7-annual-economic-growth-soon-al-marri","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/03\/04\/the-uae-is-on-track-for-7-annual-economic-growth-soon-al-marri\/","title":{"rendered":"The UAE is on track for 7% annual economic growth soon -Al Marri"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The<\/strong> <strong>UAE economy is on track to grow 7% annu<\/strong><strong>ally in the coming period<\/strong> if interest rates and inflation continue to decline globally, Economy Minister Abdulla bin Touq Al Marri told <a target=\"_blank\" href=\"https:\/\/www.cnbcarabia.com\/135015\/2025\/03\/03\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A-%D9%84%D9%80CNBC-%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9:-%D8%A7%D9%86%D8%AE%D9%81%D8%A7%D8%B6-%D9%86%D8%B3%D8%A8-%D8%A7%D9%84%D9%81%D8%A7%D8%A6%D8%AF%D8%A9-%D9%88%D8%A7%D9%84%D8%AA%D8%B6%D8%AE%D9%85-%D9%8A%D8%B9%D8%B7%D9%8A-%D8%AF%D8%A7%D9%81%D8%B9%D8%A7%D9%8B-%D9%84%D9%84%D9%86%D9%85%D9%88-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A-%D9%84%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D9%84%D9%80-7--%D9%81%D9%8A-%D8%A7%D9%84%D9%81%D8%AA%D8%B1%D8%A9-%D8%A7%D9%84%D9%82%D8%A7%D8%AF%D9%85%D8%A9\" style=\"\" rel=\"noopener\">CNBC Arabia<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The UAE is targeting a GDP of AED 3 tn by 2031<\/strong><strong>.<\/strong> Al Marri has repeatedly said 7% annual growth is a \u201c <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/economy\/gcc\/uae-aims-to-grow-economy-at-7-49-non-oil-growth-possible-in-2024-al-marri-kvyg1g9v\" style=\"\" rel=\"noopener\">personal target<\/a> \u201d of his, citing that figure in <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-20\/uae-aims-to-grow-economy-7-reach-over-800-billion-by-2030?embedded-checkout=true\" style=\"\" rel=\"noopener\">2023<\/a> and 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>High levels of inflation and rates have weighed on investments and economic growth over the past few years<\/strong>, Al Marri said, adding that the country\u2019s growth rate of between 4-6% is still higher than the global 2-3% average. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> Al Marri said last month that he <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/573e5fc8-6799-4204-b732-52aef28346a1\/uae%253cmark%253e-economy%253c%2Fmark%253e-to-expand-5-6%2525-this-year--al-marri\" style=\"\" rel=\"noopener\">sees<\/a> the UAE\u2019s economy growing by around 5-6% in 2025, up from 4% in 2024. Growth will be driven by strong performances in sectors that include \u201ctechnology, renewable energy, trade, financial services, and infrastructure,\u201d he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not everyone is as optimistic about the UAE\u2019s growth this year:<\/strong> Fitch Solutions\u2019 research unit BMI recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d26af25a-1b70-4bb5-983d-6a308301755c\/fitch%25e2%2580%2599s-bmi-revises-uae%253cmark%253e-growth%253c%2Fmark%253e-forecast-down-slightly-for-2025,-remains-optimistic-for-2026\" style=\"\" rel=\"noopener\">revised<\/a> its forecast for the UAE\u2019s economy this year to 5.1%, slightly down from 5.2% predicted in October, while the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/24f48f21-5d4d-4239-8a52-b17469802ca3\/imf-revises-uae%25e2%2580%2599s-gdp-growth-forecast-down-to-4%2525\" style=\"\" rel=\"noopener\">International Monetary Fund<\/a> and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/dc47cf12-966a-41ad-838d-787534b911d2\/world-bank-slightly-cuts-uae%25e2%2580%2599s-growth-forecast-for-2025\" style=\"\" rel=\"noopener\">World Bank<\/a> revised their forecasts for the UAE\u2019s economy this year to 4%. Meanwhile, the Central Bank of the UAE (CBUAE) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bea04561-e5ff-4c66-9900-456002e90887\/%253cmark%253ecbuae%253c%2Fmark%253e-maintains-2024-growth-forecast,-dials-back-2025-growth-expectations-on-extension-of-oil-supply-cuts\" style=\"\" rel=\"noopener\">penciled in<\/a> a higher growth estimate of 4.5% in 2025 in December.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u0650<\/strong><strong>ALSO- Al Marri said the government will issue six new regulations in 1H 2025 regarding<\/strong><strong> the cooperatives law, <\/strong>with new cooperatives planned in the health, education, and retail sectors, he told CNBC Arabia. This comes as the government aims to increase the contribution of the cooperatives sector to GDP to 5%, compared to the current level of 1-1.1%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elevated inflation and high interest rates are the main challenges<\/p>\n","protected":false},"author":1,"featured_media":101293,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1556],"tags":[19,7,20,135],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-101292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy","tag-enterpriseam-uae","tag-gdp","tag-regulation","wpautop","entry"],"acf":{"mongo_id":"7d430439-a0da-41d9-906b-6375b511d9b5","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/264.jpg","photo_position":"above","homepage_title":"","full_issue_title":"The UAE is on track for 7% annual economic growth soon -Al Marri","related_issue":[101282],"teaser":"Elevated inflation and high interest rates are the main challenges","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.7927ff23-16fc-4a1f-a742-24cebe16ec35.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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