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Asharq Al-Awsat
Asharq Al-Awsat
Business
Abu Dhabi - Asharq Al-Awsat

UAE GDP Grew 7.6% in 2022

UAE Abu Dhabi Economy Mubadala United Arab Emirates
Investopia 2023 Abu Dhabi kicked off on Thursday. (WAM).

The United Arab Emirates’ gross domestic product grew 7.6 percent in 2022 amid doubled economic growth, incoming foreign direct investment, and outgoing investment flows announced Minister of Economy Abdullah bin Touq.

Bin Touq stated that the 100 percent full foreign ownership led to a significant increase in the demand for international companies to work in the UAE, reaching 300,000 companies and generating revenue of about $598 billion.

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