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Investing in growth.
(From Arabies Trends)
Byline: John Siciliano Washington
What is the government's plan of action to develop the UAE economy in 2004?
As you know, our economy grew last year, and this year as well, by 6.1 percent. I think this will continue - taking into consideration oil prices, of course. Added to this, the policy of the government to encourage the non-oil sector and the private sector to diversify will also help the economy to grow. Oil prices are very encouraging, and we predict our economy will be more productive in the coming four or five years.
What sectors will you diversify into?
First of all services, then industry, trade, tourism and agriculture. These are the sectors that are in mind.
How will you progress in these areas? Are you counting on private-sector initiatives or is the government making investments?
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