BRICS UAE Economic Growth Flourishes in Non-Oil Sector: A Deep Dive
Following the expansion of the BRICS alliance, the United Arab Emirates (UAE) is experiencing significant economic growth, particularly in its non-oil sectors. This diversification is proving crucial for sustained prosperity.
UAE's Non-Oil Sector: A Growth Engine
On the heels of the six-country expansion of the BRICS alliance, the United Arab Emirates (UAE) has seen its economic growth flourish in non-oil sectors. According to data released by the Federal Competitiveness and Statistics Centre (FCSC), the non-oil sectors witnessed a robust growth of 4.4%, bringing their contribution to the overall economy to new heights.
IMF's Positive Outlook
The International Monetary Fund (IMF) maintains a positive outlook on the UAE economy. Hace 6 días Jihad Azour, Director of the Middle East and Central Asia Department at the IMF, attributes the sustained growth forecast for the UAE to the strong performance of its non-oil sector.
Forecasted Growth and Sectoral Contributions
The UAE is poised for 4% economic growth in 2025, driven by its expanding non-oil sectors like tourism, construction, and financial services, despite reduced oil production. The CBUAE anticipates non-oil GDP growth of 5.9 percent in 2025 and 4.7 percent in 2025, showcasing a strong trajectory for these crucial industries.
Beyond Oil: A Sustainable Future
Despite short-term moderation in activity, the medium- to long-term outlook for the UAE’s non-oil sector remains overwhelmingly positive. International investment and strategic partnerships within the BRICS framework are expected to further bolster these sectors, ensuring a more diversified and resilient economy for 13 de sept. de 2025.