UAE Economy on Track towards Recovery in 2021

UAE Economy on Track towards Recovery in 2021

Federal Competitiveness & Statistics Centre reveals preliminary results of economic performance in 2020

The UAE economy performed better than expected in 2020 despite the current global challenges brought about by the COVID-19 pandemic, said H.E. Abdulla Bin Touq Al Marri, UAE Minister of Economy, following the issuance of the preliminary results of the country’s economic performance by the Federal Competitiveness and Statistics Centre.

The results highlight the effectiveness of the proactive economic measures and incentive packages rolled out by the UAE government, based on policies that highlight the country’s speed and flexibility in responding to global changes, as well as its constant efforts to promote economic diversification.