The UAE’s gross domestic product (GDP) expanded by 7.9 per cent in 2022, driven by innovative economic initiatives related to the non-oil sectors and activities. Abdullah bin Touq Al Marri, Minister of Economy, said that the preliminary estimates for 2022 GDP reaffirm the robustness of the country’s economic performance and its achievement of positive growth rates that exceeded estimates. The preliminary data from the Federal Competitiveness and Statistics Centre (FCSC) shows that the UAE’s GDP in 2022 hit the $441.1bn (Dhs1.62tn) mark at constant prices while at current prices it reached Dhs1.86tn, up 22.1 per cent from Dhs337bn in 2021. Al Marri said the UAE is working to build an innovative economic model that serves its future vision, by adopting flexible economic policies that rely on speed and accuracy in responding to global changes while adopting stimulating economic strategies and forward-looking economic plans based on economic diversification.