The United Arab Emirates (UAE) has set an ambitious economic target, aiming to achieve a 5% contribution to its Gross Domestic Product (GDP) from the mining sector. This significant move is part of the UAE’s broader strategy to diversify its economy and reduce its reliance on oil revenues. By tapping into its considerable mineral resources, which include precious metals and minerals, the UAE government aims to stimulate economic growth and bolster the nation’s global economic standing.
The commitment to expanding the mining industry is expected to attract a range of domestic and international investments. This initiative underlines the UAE’s reputation as a forward-thinking and resourceful nation committed to sustainable economic development. As the UAE endeavors to reach this 5% GDP target from mining, it signals a determined shift towards a more diversified and resilient economy in the years to come.