The UAE despite being the most diversified market in the region is expected to register a modest 3.1 percent GDP growth in 2016 as concerns over low oil prices continue to prevail resulting in a slowdown in economic activity.

However, driven by its vision of increasing the non-hydrocarbon sector’s contribution to the GDP to 81 percent within the next 5 years, the UAE has made considerable progress through its economic and policy reforms — enhancing business competitiveness, encouraging foreign investments and supporting a range of projects and initiatives based on the knowledge economy.

Non-oil sector revenues to drive 3.8% GDP growth in MENA region