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ECONOMY
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CREATING A BETTER FUTURE
The UAE develops survival strategies in difficult times and battles the world pandemic with style he economy of the United Arab Emirates is the second largest in the Middle East, after Saudi Arabia, with a gross domestic product (GDP) of US$354 billion in 2020. The UAE has been successfully diversifying its economy, particularly in Du-
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bai, but still remains heavily reliant on revenues from petroleum and natural gas, which continue to play a central role in its economy, especially in Abu Dhabi. Tourism is one of the bigger non-oil sources of revenue in the UAE, with some of the world's most luxurious hotels being based in the
THE UNITED ARAB EMIRATES 2021
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by Mina Vučić
Emirates. A massive construction boom in the past couple of decades, an expanding manufacturing base, and a thriving services sector are helping the UAE diversify its economy. Nationwide, there is currently $350 billion worth of active construction projects.
