UAE first globally in 156 development, economic indicators
The number of global indices topped by the UAE rose from 121 to 156 indicators, according to Sheikh Mohammed bin Rashid Al Maktoum who chaired the Cabinet meeting held at Qasr Al Watan Abu Dhabi.
“We ranked among the top 10 in 432 global indicators, compared to 314 pre-pandemic. We are the first in the world in terms of security and safety, infrastructure, the flexibility of regulations, and more.”
Sheikh Mohammed said: “the UAE’s foreign trade exceeded one trillion dirhams, compared to 840 billion dirhams pre- pandemic… and this year’s economic growth exceeded 22 percent.”
He added: “Our tourism sector’s revenues surpassed 19 billion dirhams in the first half of 2022… The total number of hotel guests reached 12 million, achieving 42 percent growth, and we expect a strong tourism performance this winter season.”
During the Cabinet meeting, Shiekh Mohammed approved a new law enhancing the partnership between the government and private sectors… “Also, we approved licensing the first electric cargo aircraft in the region fully powered with clean energy,” Sheikh Mohammed added.
The Cabinet also reviewed the UAE’s significant growth in economic and trade indicators, as the Constant Price GDP growth rate for the first quarter of 2022 reached 8.4 percent, with a total of 399 billion dirhams, compared to 368 billion dirhams in the same period of 2021. The UAE’s foreign trade recorded a leapfrog of more than 50 percent, with a total of 1.060 trillion dirhams during the first half of this year, compared to 702 billion dirhams in the same period of 2020.
The Cabinet reviewed the achievements of the tourism sector in the country in the first half of the year 2022. The results showed an increase in tourism’s contribution to the national economy by 12 percnet. The number of hotel guests establishments increased by 42 percent with a total of 12 million guests, compared to 6.2 percnet before the Covid-19 pandemic. The total revenues of the sector amounted to 19 billion dirhams, during the first half of 2022.