By: Ramy Sameeh
Abu Dhabi – Decypha: The UAE economy is likely to grow 3.5%-4% in 2017, depending on oil prices, according to the minister of economy Sultan Al Mansouri.
"We are very optimistic despite all challenges, and have sustained positive economic growth," Al Mansouri added on the sidelines of a Jordan-UAE investment conference in Abu Dhabi on Monday.
The International Monetary Fund (IMF) expects the UAE economy to grow 2.5% in 2017, amid the rise of global oil prices.
“We see at the moment that there is stability in oil prices, which will support our vision in the coming period,” he explained.
All the UAE infrastructure projects are underway and not postponed, Al Mansouri said.
There are no plans to sell the shares of government companies in an initial public offering (IPO), the minister noted.
Translated by: Julian Nabil
