UAE's Fintech Sector Targets 12% GDP Contribution by 2031

The United Arab Emirates' financial technology sector currently contributes 8.7% to the nation's Gross Domestic Product , with plans to increase this figure to approximately 12% by 2031, according to Minister of Economy Abdullah bin Touq Al Marri. Speaking at the Investopia 2025 conference in Abu Dhabi, Al Marri emphasized Fintech's pivotal role in driving sustainable economic growth and diversifying the country's economic landscape.

Al Marri highlighted the UAE's commitment to fostering an environment conducive to the growth of new economy sectors, particularly the space industry. The nation aims to expand the number of companies operating in this strategic field, aligning with its ambition to strengthen its global position in space-related endeavors. This initiative is part of a broader strategy to create opportunities and establish a favorable investment climate for emerging industries.

In addition to advancements in Fintech and space, the UAE is focusing on agricultural innovation to enhance food security. The country's food security strategy promotes diversification by attracting investments and localizing technology, positioning the UAE as a global hub for food exports. This approach aims to address challenges in food supply and demand, ensuring resilience against global market fluctuations.

The UAE's dynamic business environment is evidenced by the issuance of over 200,000 new business licenses in 2024, covering a wide range of economic activities. Currently, more than 1.1 million businesses and economic establishments operate within the country, with plans to further increase this number in the coming years. This growth reflects the nation's efforts to attract diverse investments and support entrepreneurial ventures across various sectors.

Investopia 2025, held at the St. Regis Saadiyat Hotel on February 26–27, serves as a platform for global leaders, investors, and entrepreneurs to discuss future investment opportunities and challenges. The event features over 100 speakers from approximately 20 countries, engaging in more than 51 panels and discussions. Key topics include the investment climate in the UAE and global markets, with a focus on sectors such as Fintech, artificial intelligence, circular economy, and healthcare.