UAE eyes zero oil in GDP in next 50 years
- Date: 22-Oct-2020
- Source: Khaleej Times
- Sector:Oil & Gas
- Country:uae-top-picks
UAE eyes zero oil in GDP in next 50 years
The UAE is aiming to become the first country in the world to achieve zero contribution of oil in its GDP over the next 50 years, Minister of State for Foreign Trade Dr Thani bin Ahmed Al Zeyoudi said.
"The UAE's trade and investment strategy is centered on economic diversification and focuses on enhancing investment in industries such as communication, blockchain, artificial intelligence, robotics and genetics. We are also initiating measures to strengthen our position as a regional leader in supplying financial and logistical services and infrastructure for energy supply and other services," Dr Al Zeyoudi said during his opening remarks on the second day of the Annual Investment Meeting (AIM).
He said increased partnership and cooperation within the government
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