UAE economy grew 3.3 pct in 2011 - Minister

Reuters, Sunday 11 Mar 2012

According to UAE's minister of economy, the growth of the country's non-oil sector contributed to overcoming the negative effects of global challenges on the Gulf state economy

(Photo: Reuters)

The United Arab Emirates' economy grew an estimated 3.3 per cent last year, Economy Minister Sultan bin Saeed al-Mansouri was quoted as saying on the ministry's website on Sunday.

Mansouri also told a meeting with Canadian investors, during a visit by him to Canada, that the second largest Arab economy achieved growth despite unprecedented regional and global challenges.

He said its performance was helped by the rising contribution of non-oil sectors to growth.


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