Moody's: UAE's non-oil economy to grow by more than 5% in 2025

Moody's credit rating agency expects the UAE economy to maintain its strong growth momentum during the current year 2025, supported by the recovery of the non-oil sector, which is expected to grow this year by 5 percent.

The agency added in its report on the "Future Outlook for the Economies of the Middle East and North Africa" ​​during 2025, that the various programs in the UAE, which enjoys the highest sovereign credit rating in the region at Aa2 with a stable outlook, such as the Abu Dhabi Industrial Strategy, will support economic growth during the current year.

The agency said that most countries in the Middle East and North Africa, including the UAE, will achieve stronger growth during the current year 2025, as a result of the recovery in oil production in the region, in addition to investment in large projects, especially in hydrocarbon exporting countries.

According to the report, infrastructure projects and diversification of the economy's sources in the UAE, which has a credit rating of Aa2 with a stable outlook, are expected to support the pace of this growth.

Easing restrictions on foreign ownership and offering long-term residency permits has boosted the country's appeal as a global hub for trade, transport, tourism and financial services, according to Moody's.