Finance
UAE Business Leaders Forecast Non-Oil Growth Surge Following 53rd Union Day

Executives from Lulu Group, Danube, and major conglomerates project sustained GDP growth and increased non-oil investment following the 53rd UAE Union Day.
UAE private sector leaders have issued statements regarding the country's economic trajectory and social advancement following the 53rd UAE Union Day. Senior executives from major conglomerates, retail groups, and industrial firms detailed specific growth metrics and future investment plans across the Emirates. Private Sector Economic Outlook Top officials from firms including Lulu Group International and Danube Group cited the UAE's stable regulatory environment as a primary driver for continued capital expenditure. Yusuff Ali MA , Chairman of Lulu Group, noted that the country’s infrastructure and ease of doing business have facilitated the expansion of retail networks across all seven emirates. Similarly, Rizwan Sajan , Founder and Chairman of Danube Group, pointed to the real estate sector's resilience and the consistent demand for housing and construction materials as key performance indicators for 2025. The business leaders emphasized the transition toward a knowledge-based economy, noting that investments in artificial intelligence, renewable energy, and digital transformation are no longer optional for maintaining regional competitiveness. The consensus among the business…