DUBAI: United Arab Emirates Economy Minister Sultan bin Said al-Mansouri said in a statement published by the ministry's website that the country's economy last year grew 3.3 percent. It comes as the UAE continues to push forward despite a regional downturn in 2011 due to uprisings and investor fear across the region. Mansouri was also reported to have told a meeting with potential Canadian investors that the growth comes amidst “unprecedented regional and global challenges.” He went on to say that in recent months, the global economy has seemingly been turning around as unemployment figures continue to drop and investment rises. The ministry said its performance was helped by the rising contribution of non-oil sectors to growth. UAE is hopeful that new government policies will help spur increased growth for the current year and reduced tension with regional coutnries should assist in the recovery process across the region. BM ShortURL: http://goo.gl/V5eVr Tags: Economy, Growth, Investment, UAE Section: Business, United Arab Emirates
