UAE Central Bank Governor Forecasts Around 10% Economic Growth in 2027
Khaled Mohammed Balama, Governor of the Central Bank of the UAE and the UAE’s representative to the International Monetary Fund, told a gathering of MENAP central bank chiefs and finance ministers that the country’s economy is set to expand by roughly ten percent in 2027, driven by non‑oil sectors, infrastructure spending and higher crude output.
Growth outlook
He said, “non-oil expansion, infrastructure investment and higher oil production are supporting the UAE’s growth outlook”.
Meeting details
Balama delivered the UAE’s keynote address at a high‑level meeting of central bank governors and finance ministers from the Middle East, North Africa, Afghanistan and Pakistan (MENAP) region, convened with the International Monetary Fund.
