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15 July 2024

UAE GDP set to cross Dh2 trillion by 2019: Al Mansouri

By Wam

The UAE GDP is expected to cross Dh2 trillion by 2019, said Sultan bin Saeed Al Mansouri, Minister of Economy, quoting statistics of the International Monetary Fund.

He said that the UAE GDP reached Dh1.4 trillion last year, up by 4 per cent.

Al Mansouri led a UAE delegation to the US where the group had a series of meetings in Washington and other cities.

The meetings of Al Mansouri and the delegation focused on boosting cooperation in the areas of innovation, technology, renewable energy, industry, knowledge economy, and benefiting from the US expertise in respective areas.

Al Mansouri stressed keenness of the UAE on strengthening cooperation ties with the US in the areas of innovation and technology so as to upgrade performance of vital sectors in the UAE and increase their competitiveness to contribute to the sustainable development.

In a gathering held to introduce both Emirati and American businesspersons and investors to potential business opportunities in the two countries, President of US-UAE Business Council said a number of US companies have selected the UAE to be their base in the Middle East given investment opportunities and exemplary business environment provided by the UAE. Over 300 personalities representing Emirati and American companies attended the gathering.

Al Mansouri said the hosting of Expo 2020 in Dubai "is an exemplary opportunity for the US companies in the UAE", noting that the hosting of the event in Dubai indicates the progress being experienced by the UAE.

Al Mansouri met a number of US officials during the visit.