And I managed The UAE Transforming into an economic model that transcends traditional dependence on oil as the main source of income.
Over recent years, it has enhanced its sources of income through the development of multiple sectors, a diversification that has contributed to achieving economic stability, making the UAE an attractive destination for foreign investments.
The UAE also represents bridges of communication between global cultures and economies, as it strengthens its partnerships with different countries, hosts various global events, and adopts purposeful and pioneering initiatives.
The UAE also realizes the importance of its role in humanitarian aid, as it is among the largest donor countries in the world.
It provides aid to several countries, with a focus on programs that promote sustainable development and mitigate the effects of conflicts and disasters. This commitment reflects the UAE’s deep vision in promoting regional and international peace and stability.
Looking to the future, the UAE is considered one of the leading countries in the field of technology and innovation, and has invested significantly in areas artificial intelligence and clean energy, and has developed strategic plans to strengthen its position as a global center in this field.
Partnership bridges
For his part, a consultant confirmed World BankDr. Mahmoud Anbar, in special statements to the “Eqtisad Sky News Arabia” website, said that the role of the UAE in strengthening international cooperation and building bridges of partnership to achieve global prosperity and well-being is a remarkable role that cannot be overlooked, stressing the importance of this role, in a parallel line with the emergence of the state. As a strong economic model to emulate.
Anbar added that the UAE has been able, in recent years in particular, to shift to an economic model based on diversifying sources of income, avoiding dependence on oil resources as a main source of national income, noting at the same time that the state was able to achieve this by relying on a variety of sources. Contributing to the domestic product, which led to enhancing the volume of trade exchange with various economic blocs and countries, which contributes to strengthening economic cooperation frameworks.
In the same context, the World Bank advisor pointed to the significant investment expansion achieved by the UAE in various fields, which contributed to strengthening its relations with many countries, including African countries that enjoy strong opportunities and multiple activities.
Anbar concluded by pointing out that the UAE is now considered a model to be emulated around the world, and stands out as a successful example of the expansion of its international relations and the tangible expansion of foreign investment.
Considered UAE An integrated model to be emulated in the modern era, combining a sustainable economic vision with an active role in promoting international cooperation.
Its success in building a diversified economy and strengthening strategic partnerships reflects its deep belief in the importance of teamwork to achieve common goals. The UAE is moving towards a bright future, remaining a reliable partner for everyone in their quest for sustainable development and global prosperity.
In a report in the middle of this month, he expected World Bank Real GDP growth of a country United Arab Emirates By 3.3 percent in 2024, rising to 4.1 percent in 2025.
The bank said in its report on “Economic Developments in the Middle East and North Africa Region” that the UAE’s real GDP per capita is expected to grow by 2.5 percent in 2024, with this growth rising to 3.4 percent next year, 2025.
The report expected that the UAE’s current account balance would rise to 7.5 percent in 2024 and 7.4 percent in 2025, and that the UAE would achieve a public finance surplus of 4.9 percent in 2024 and 4.7 percent in 2025.
Vital role
In addition, the economic expert, Dr. Ali Al-Idrissi, explained in exclusive statements to the “Eqtisad Sky News Arabia” website that the UAE plays a vital role in enhancing international cooperation and building bridges of partnership to achieve global prosperity and prosperity, and this is due to its approach that combines active diplomacy, Economic investments, humanitarian initiatives, and cooperation in the fields of technology and innovation.
Al-Idrissi added that the UAE’s role is evident in several key areas: Starting with effective foreign policy and diplomacy, the UAE adopts a foreign policy based on the principle of “balance” in international relations, with its keenness to enhance cooperation with regional and global countries.
It also works to build strategic partnerships and promote peace and stability, as it plays the role of mediator in resolving regional conflicts, focusing on its diplomatic efforts in files such as Yemen and Sudan.
In terms of economic and investment contributions, the UAE is considered one of the most prominent active countries in the world, as it pumps huge investments into various continents and contributes to the development of infrastructure, energy and the financial sector in many countries.
Al-Idrissi pointed out that the UAE stands out in particular in the field of technology and innovation, as it has focused in recent years on strengthening its position as a global center in this field. Through investments in the fields of artificial intelligence, clean energy and space, it has launched prominent initiatives such as the “Emirates Mars Exploration Project” and “Masdar City for Renewable Energy”, which supports scientific research and contributes to achieving sustainable development.
The UAE also continues its pioneering role in humanitarian and development aid, as it is one of the largest donors in this field. It supports many humanitarian and relief programs in conflict and disaster areas around the world, and provides aid not only through the financial aspect, but also including logistical, medical and educational services.
With regard to cooperation in the fields of energy and environment, the UAE plays a pioneering role in promoting the transition towards renewable energy, both within the country and through international projects such as the Masdar clean energy initiative.
It hosts global events such as Abu Dhabi Sustainability Week, promoting global dialogue on climate and sustainable energy issues.
Al-Idrissi also pointed to the UAE’s effective role in organizing and hosting international events, as it hosted major global events such as Expo 2020, which attracted international attention and contributed to enhancing economic and cultural cooperation between countries.
Through these events, the UAE seeks to open new horizons for commercial and cultural cooperation and strengthen its position as a global center for innovation.
The economic expert explained that thanks to these efforts, the UAE has succeeded in consolidating its position as a soft power on the international arena, seeking to achieve prosperity and development through international cooperation and promoting sustainable development, which makes it a reliable partner for countries on various continents.
A global economic destination
For his part, Dr. Ahmed Al-Ajmi, professor of economics and public finance at the Faculty of Legal Studies and International Transactions at Pharos University, told Eqtisad Sky News Arabia that the UAE represents a strong economic destination that enhances its ability to achieve international cooperation and global prosperity.
Al-Ajmi added that the strength of the UAE economy is clear, whether at the level of the region’s markets or in the global ranking of the strongest economies in recent years, with the support of the diversity of the sources of the economic system, indicating that the economic system of the UAE is also distinguished by the diversity of its sources, as it includes the tourism sector and strong financial centers, In addition to the effective role of sovereign funds.
He explained that these funds strongly support the UAE’s plans in terms of investment expansion in various countries, thanks to the large surpluses it possesses, noting at the same time that these surpluses give the UAE great power in choosing target areas for investment, thus enhancing its position as an investment attraction center. On the international scene.
