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Sultan Saeed Al Mansouri, UAE’s Minister of Economy, has presented an initiative to the Ministerial Services Council for discussion to boost non-oil exports. (Supplied)
As part of national initiative for developing exports, the UAE targets to achieve Dh750 billion non-oil exports in 2021, said Sultan Saeed Al Mansouri, UAE’s Minister of Economy.
Al Mansouri, who presented the initiative to the Ministerial Services Council for discussion at a meeting on Sunday, said that it is aimed at enhancing the UAE’s non-oil trade balance through an exportation structure that enjoys sustainable and balanced growth. This, according to Al Mansouri, means that the UAE national non-oil exports should exceed Dh500 billion in 2018 and then go up Dh750 billion in 2021.
The initiative, he added, will allow Emirati exports to make their way into new and emerging markets, diversify industrial exports and increase the share of foreign trade in the country’s Gross Domestic Product (GDP).
The initiative is based on the Economy Ministry's vision for a knowledge-based competitive and diversified economy that is led by nationals as well as on the economic aspect of the UAE Vision 2021.
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