{"id":28476,"date":"2024-06-10T07:15:39","date_gmt":"2024-06-10T07:15:39","guid":{"rendered":"https:\/\/arabbusinessconsultant.com\/?p=28476"},"modified":"2024-06-10T07:37:51","modified_gmt":"2024-06-10T07:37:51","slug":"economic-growth-in-uae-and-saudi-is-expected-to-rebound","status":"publish","type":"post","link":"https:\/\/arabbusinessconsultant.com\/blog\/economic-growth-in-uae-and-saudi-is-expected-to-rebound\/","title":{"rendered":"Economic growth in UAE and Saudi is expected to rebound"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The <strong>economic growth<\/strong> <strong>of the UAE<\/strong> and Saudi will rebound to 2.8 % and 4.7 % in 2024 and 2025. It will led by robust GDP expansion in the GCC region, on the back of a projected oil production hike in the second half of 2024. According to the World Bank, this project is a recovery in global economic activity.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the Spring 2024\u202fGulf Economic Update, the World Bank said \u201cThe brightening regional prospects and rebound are not just because of the anticipated recovery in oil output, as Opec+ gradually relaxed the production of quotas in the second half of 2024. It also builds strong momentum in the non-oil economy which is expecting to robust pace over the medium term\u201d.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201c During a volatile global economic period, the commitment of the UAE and Saudi to diversify their economies highlights their strategic approach and sustainable development\u201d, said the World Bank.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <strong>World Bank<\/strong> is expecting Saudi Arabia&#8217;s real GDP to increase by 2.5 % and 5.9 % in 2025, driven by robust non-oil private activities. It will forecast the UAE&#8217;s real GDP growth to enhance to 3\/9 % in 2024 and 4.1 % in the next year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In UAE, the oil output growth will reach 5.8% in 2024 and the non-oil output will be robust and continuously support <strong>economic growth<\/strong>, expanding at 3.2 % due to profitable performance in various industries such as travel and tourism, construction, manufacturing, and real estate sectors.\u00a0<\/span><\/p>\n<p>For More Latest News Visit <a href=\"https:\/\/arabbusinessconsultant.com\/\" target=\"_blank\" rel=\"noopener\"><strong>Arab Business Consultant\u00a0<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The economic growth of the UAE and Saudi will rebound to 2.8 % and 4.7 % in 2024 and 2025. It will led by robust GDP expansion in the GCC region, on the back of a projected oil production hike in the second half of 2024. According to the World Bank, this project is a recovery in global economic activity.\u00a0\u00a0 In the Spring 2024\u202fGulf Economic Update, the World Bank said \u201cThe brightening regional prospects and rebound are not just because of the anticipated recovery in oil output, as Opec+ gradually relaxed the production of quotas in the second half of 2024. It also builds strong momentum in the non-oil economy which is expecting to robust pace over the medium term\u201d.\u00a0 \u201c During a volatile global economic period, the commitment of the UAE and Saudi to diversify their economies highlights their strategic approach and sustainable development\u201d, said the World Bank. The World Bank is expecting Saudi Arabia&#8217;s real GDP to increase by 2.5 % and 5.9 % in 2025, driven by robust non-oil private activities. It will forecast the UAE&#8217;s real GDP growth to enhance to 3\/9 % in 2024 and 4.1 % in the next year.\u00a0 In UAE, the oil&#8230;<\/p>\n","protected":false},"author":25,"featured_media":28477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[628],"tags":[],"class_list":["post-28476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/posts\/28476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/comments?post=28476"}],"version-history":[{"count":2,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/posts\/28476\/revisions"}],"predecessor-version":[{"id":28479,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/posts\/28476\/revisions\/28479"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/media\/28477"}],"wp:attachment":[{"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/media?parent=28476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/categories?post=28476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arabbusinessconsultant.com\/blog\/wp-json\/wp\/v2\/tags?post=28476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- This website is optimized by Airlift. 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