A New Year of Development and Prosperity

  • 4 January 2014

The United Arab Emirates had witnessed unprecedented achievements in the year 2013 under the wise leadership of the President, His Highness Sheikh Khalifa bin Zayed Al Nahyan (may God protect him), at the domestic and international levels. In a year when financial uncertainty affected many parts of the world, the UAE economy registered a 4.5 percent growth rate.

The overall growth of the national economy had a favorable impact on other economic sectors of the country and many sectors which had suffered losses at the outset of the global financial crisis a few years ago, namely the real state sector, financial markets, tourism and foreign trade, which achieved unexpected gains last year. The national economy maintained an important position at regional and international levels and was among the most prosperous and developed countries in the world, as per the Global Competitiveness Report 2013–2014 issued by The World Economic Forum.

The other aspect of development and economic achievements is manifest in the impact of this growth in the national economy on development, i.e. on services and facilities for the benefit of the UAE people. The UAE occupies top position among Arab countries in the UN's world happiness and satisfaction survey among peoples of the world for the year 2013 and ranked 14th worldwide. Commenting on this achievement His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that this success is the result of the “path followed by the Founding Fathers of this country, who possessed a vision at all levels.The main task of the His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, is to make the citizens happy, to fulfill their welfare and to provide their families and generations a noble life.”