Dubai- Mubasher: Hamad Buamim, president and CEO of Dubai Chamber of Commerce and Industry, expected that Dubai economy to continue growth trajectory of 3% and 4% by 2018.

The chamber’s recent studies demonstrated that the local investment movement affirms optimistic vision for Dubai economy, Buamim told Al-Ittihad newspaper..

He said that the competitive advantages make Dubai capable of developing, growing and attracting more foreign investments.

Non-oil sector accounts for 98% of Dubai’s gross domestic product (GDP), as the country relies on robust sectors such as tourism, aviation, hospitality, fragmentation, logistic services, financial services and knowledge economy, he added

Buamim affirmed that United Arab Emirates has a clear-cut economic vision based on diversifying local economy and achieving balance among its sectors in a bid to ensure its sustainability for future generations.