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A look to the future – positive signs for the UAE economy

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Richard Smith BSc (Hons), TEP

Richard Smith BSc (Hons), TEP

UAE Freezone and Residence Visa Expert

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A look to the future – positive signs for the UAE economy

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On the back of a challenging year, entrepreneurs and business owners are keen to look to life after the pandemic.


A look to the future – positive signs for the UAE economy

On the back of a challenging year, entrepreneurs and business owners are keen to look to life after the pandemic.

Early signs suggestthe industries which have successfully adapted to the new business landscape are likely to be the ones who thrive in the year ahead and beyond.

And as world economies embark on this road to recovery, there are plenty of great reasons to do business Dubai:

  • The UAE economy is poised to reach pre-pandemic levels in the coming months, with 4.1% growth predicted in 2021.
  • Long-term growth is expected to average around 4% between 2021 and 2024.
  • UAE’s retail industry remains on course for significant growth – up from USD 55bn in 2019 to USD 75bn in 2025.
  • Dubai’s tourism industry is already showing signs of recovery with “aggressive growth” expected in 2021.
  • UAE’s manufacturing industry has seen rapid growth in 2020 and is expected to contribute 25% of GDP by 2025.

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