UAE Forecasting 5.7% Economic Growth After Joining BRICS

The United Arab Emirates (UAE) anticipates a significant economic upswing, projecting a 5.7% economic boost post its admission to BRICS. This optimistic outlook stems from the country's strategic positioning within the alliance and its focus on leveraging new opportunities for growth.

According to the UAE’s Central Bank, the country is poised to see its economy grow 5.7% in 2025 when it joins the BRICS alliance. Moreover, the projections have been bolstered by several factors, including increased trade and investment opportunities.

Emirates News Agency (WAM), a partner of TV UAE, recently reported that the UAE economy will grow by 3.9 per cent in the current year 2024 and by 6.2 per cent in 2025. This positive trajectory highlights the potential benefits of BRICS membership and the UAE's proactive economic strategies.

The UAE is harnessing its BRICS membership to accelerate global economic growth, boost cross-border trade, and drive infrastructure development worldwide, panelists have noted. The nation is actively working to foster stronger economic ties with other BRICS member states and beyond, creating a dynamic environment for businesses and investors.

These forecasts position the UAE as a key player in the global economic landscape, poised for sustained growth and prosperity in the coming years. The anticipated 5.7% growth rate underscores the confidence in the UAE's ability to capitalize on its BRICS membership and drive economic development across various sectors.