Abdullah bin Touq Al Marri, UAE’s Minister of Economy, stated that the fintech sector continues to drive growth, contributing 8.7% to the country’s GDP. The UAE aims to increase fintech’s contribution to approximately 12% by 2031, positioning it as a key sector for sustainable growth and economic development.
During the Investopia 2025 event in Abu Dhabi, Al Marri emphasized the country’s commitment to fostering investment opportunities, particularly in emerging sectors like the space economy and agricultural innovation. He noted that these sectors, driven by strategic government initiatives, aim to diversify the economy and enhance the UAE’s global standing.
The minister also highlighted the UAE’s food security strategy, aimed at achieving food diversification through attracting investments and localizing technology, further establishing the country as a global hub for food exports. Additionally, he mentioned that 200,000 new business licenses were issued in 2024, bringing the total number of businesses in the UAE to over 1.1 million, with plans to increase this number further.
