The UAE is one of the most stable economies in the world

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The Emirates have ranked second in the list of economically stable countries, second only to Switzerland.

πŸ” The assessment was based on the following criteria:

βœ… Entrepreneurial opportunities

βœ… Ease of access to capital

βœ… Availability of skilled workforce

βœ… Economic adaptability

βœ… Competitiveness.

Another significant factor was the country’s GDP growth, which stood at 7.9% in 2022.

The country plans to increase its overall GDP (currently at 508 billion USD) to 820 billion by 2030 through the creation of new economic diversification strategies, the use of advanced technologies, support for economic sectors, and foreign investors.