Here's your summary from Haque: UAE, Saudi Non-Oil Growth Resilient (https://www.youtube.com/watch?v=7FhD2oWKKpc) on the Bloomberg Television channel:
**TLDR:** UAE and Saudi non-oil sectors are driving economic growth, with financial services leading the way. Both countries are focusing on diversifying their economies away from oil dependence.
1. Financial services are the biggest driver of GDP growth in the UAE's non-oil sector, with significant growth in industries like family offices, hedge funds, and fund managers.
2. Abu Dhabi is the fastest-growing Emirates in terms of non-oil sector activity, attracting investments and driving growth in sectors like transport, logistics, hospitality, construction, and real estate.
3. Both the UAE and Saudi Arabia are working towards diversifying their economies by broadening tax bases, raising alternative taxes, and focusing on sectors like tourism to reduce reliance on oil and gas revenues.
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