Diversification Drive
The UAE government realised quite early that its over-reliance on oil revenues could not help sustain the country for long. It thus engaged in several plans meant to diversify the economy. Among the leading sectors to develop are tourism, real estate, finance, and renewable energy. Vision 2021 aimed to change the UAE into a knowledge-based economy by driving innovation and enhancing the non-oil sectors’ contribution to GDP.
For forex trading, this diversification means…
