Dubai – Mubasher: The UAE’s Minister of Economy Sultan Bin Saeed Al Mansouri on Sunday stated that the UAE’s economy proved its ability to maintain growth despite the economic pressures in the Gulf Cooperation Council (GCC) states and the whole world.
The UAE’s Gross Domestic Product (GDP) rose 3% in 2016, while the non-oil production grew 2.7% in the same year, Al Mansouri stated, adding that the latter was expected to grow 3.1% by the end of 2017.
The foreign Direct Investment (FDI) flow hit AED 9 billion in 2016, Al Mansouri remarked, noting that non-oil trade increased by 1% year-on-year in 2016 to AED 1.56 trillion.
