How has uae growth progressed from 1971 ?
Answers
UAE GDP 112 times bigger than in 1971 due to wise economic policy
Sultan Bin Saeed Al Mansouri, Minister of Economy, said concerted efforts to diversify the economy and a policy of openness adopted by the UAE's leadership have been the prime drivers in establishing the UAE as the second largest Arab economy.
Published: 23:16 December 3, 2008 Gulf News
Staff Report
Dubai: Sultan Bin Saeed Al Mansouri, Minister of Economy, said concerted efforts to diversify the economy and a policy of openness adopted by the UAE's leadership have been the prime drivers in establishing the UAE as the second largest Arab economy.
In an interview with Sama Dubai marking UAE National Day, Al Mansouri said that the country's GDP rose from Dh6.5 billion in 1971 to Dh730 billion in 2007, as the result of wise economic policies adopted by the UAE leadership.
He said the UAE's leadership is committed to strengthening its human resources to develop a strong nation, and has taken effective steps to empower UAE nationals by providing necessary support.
Today the UAE's national income is among the highest in the world.
Al Mansouri explained that the UAE economy has risen to a global level led by its diversification into tourism, trade and services, which in turn has established a platform for inward international investments.