Focus Vol 102

The UAE economy is expected to grow 2.1% in 2021 vs. -6.1% in 2020. The economic recovery is largely led by spectacular inoculation drive (91% of population received at least one dose), DH 400 million worth of economic stimulus and vision of leaders of the UAE has driven recovery.

This growth will further expand to 4.2%, higher than earlier forecast of 3.8% by CBUAE. Expo 2020 has already started having a lasting impact on business environment, job creations and overall attractiveness of UAE as a center of global economy and trade.

The entrepreneurs have already started reaping very positive benefits of Dubai Expo 2020.

Mega events such FIFA world cup, normalcy of relationship with countries such as Israel and Qatar, along with rebounding of travel industry will set key grounds for growth in 2022 and serve as prime growth engine for the UAE economy.

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