With big plans and new rules, the United Arab Emirates is setting itself up to be a star in the economy of the future. The UAE has become one of the most forward-thinking and innovative countries in the world as global economic trends change. It has done this by building a unique economic model that combines innovation with global competitiveness.

There are three major ideas that support this new economic framework: diversifying the economy, coming up with new technologies, and being environmentally friendly. The UAE wants to depend less on oil by improving industries other than oil, like manufacturing, tourism, and banking services. Besides that, the country is using technologies like AI, blockchain, and robots to make things run more smoothly and efficiently. Through clean energy projects and a promise to become carbon neutral, sustainability efforts try to find a balance between economic growth and environmental protection.

As part of its plan, the UAE will hold the “Investopia 2025” meeting in Abu Dhabi on February 26 and 27. The goal of this summit is to talk about the future of the national economy and make it more competitive on a global level, with a focus on moving toward an economy built on knowledge and innovation. As part of its “We the UAE 2031” plan, the UAE wants its gross domestic product (GDP) to reach 3 trillion AED, its non-oil exports to reach 800 billion AED, and its trade with other countries to reach 4 trillion AED.

These big goals are backed by a lot of strategy plans, such as the UAE Centennial 2071, The Principles of the 50, the Emirates Blockchain Strategy, the UAE’s Fourth Industrial Revolution Strategy, and the UAE Strategy for Artificial Intelligence 2031. According to economic experts, the UAE is building a strong base for knowledge-based industries. It wants to become a global hub for creativity, AI, and business.

Minister of Information, Communications, Science, Technology, and Innovation of Lesotho Nthati Moorosi praised the UAE’s efforts to build up future economies, saying that other growing and emerging nations can learn from them. She said that the UAE’s focus on new ideas is bringing in foreign investment. She said that her country wanted to improve economic ties with the UAE to take advantage of the UAE’s advanced methods.

Eric Jarvis, Manager of IT Software Management at L3Harris Technologies, also said nice things about the UAE’s strengths. He said that his company is expanding its business in the country because it has a lot of promise to turn new technologies into useful and long-lasting solutions.