The Under-Secretary of the Department of Economic Development in Abu Dhabi, Hamd Saiah Al Mazrouei, confirmed that the emirate continues to enhance its position as a strong and resilient economy, supported by a forward-looking vision and advanced policies that ensure sustainability under various conditions. He stated, "We are capable of overcoming challenges as we have done before."
During the 'Businessmen's Meeting with Decision Makers' in Abu Dhabi, organized by the Abu Dhabi Chamber of Commerce and Industry this morning, Al Mazrouei pointed out that Abu Dhabi has achieved 18 consecutive quarters of economic growth, with non-oil sectors contributing more than half of the GDP, reflecting the success of the economic diversification strategy.
Non-oil foreign trade also recorded strong double-digit growth, coinciding with the confirmation of the emirate's high credit ratings with a stable outlook until March 2026.
In light of current challenges, Al Mazroui explained that the government moved swiftly and efficiently, implementing a comprehensive package to enhance the financial sector's resilience in cooperation with the Central Bank, alongside forming a unified economic working team to ensure the continuity of supply chains and the uninterrupted flow of goods.
He added that relevant authorities have conducted over 2,200 inspection tours since the beginning of March, resulting in 500 warnings and 130 violations to regulate markets and prevent unjustified price increases. A comprehensive daily monitoring system is in place, extending to suppliers and international markets.
Al Mazrouei affirmed that markets and business activities continue to operate normally, without any impact on licenses, trade, or investment services, while vital sectors such as construction and infrastructure maintain stability.
He stressed that all measures taken aim to protect business continuity and boost market confidence, calling on the business community to leverage the 'Businessmen's Meeting' platform for direct communication with decision-makers and to contribute to shaping economic policies.
He concluded by reaffirming that Abu Dhabi will continue its journey with confidence, working in partnership with the private sector to build a stronger and more resilient economy to face challenges.
