2013 Year in Review ? UAE

The UAEs status as the regions leading meetings, incentives, conferences and exhibitions Mice hub has played a key role in boosting visitor numbers and economic growth. Economy: Growth momentum looks set to pick up Economy on an upward trajectory spurred by non-oil sector investments, the trade and services sector, and the booming tourism industry The UAE, the Arab worlds second largest economy, is set to finish 2013 at 4.5 per cent growth, at a pace faster than the forecast made by the International Monetary Fund, and pick up added momentum in 2014 on the back of a host of factors that have never been so promisingly buoyant and specifically growth-oriented. The much acclaimed Expo 2020 win by Dubai and the imminent prospect of an upgrade to the coveted emerging market status will add dynamism to the economy that is already on an upward trajectory, spurred by three critical sectors: huge non-oil sector investments, the buoyant trade and services sector, and the booming tourism industry.

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