The economic prospectus of crisis ridden UAE are brighter and its economy would pick up in the year 2010 as suggested by macroeconomic indicators. The country is expected to register a growth of 2.5 per cent during the year.

Dubai will emerge as a business hub in the entire Gulf region witnessing large scale business and commercial activities.

Report published in Khaleej Times say that global clues of growth in oil and non-oil segment are very strong for reestablishing investor's confidence which was significantly eroded due to slowdown and Dubai debt crisis. Earlier, investment bank Shuaa Capital also projected economic growth rate of 2.5% for UAE which would be driven by significant contribution of Abu Dhabi's investment program.

Monica Malik, an economist at EFG Hermes added, "We forecast that the UAE's recovery will be weaker than in the other GCC countries. Our weaker growth outlook is based on the fact that we now expect a slower recovery in sentiment and confidence, weaker credit growth and ability to raise financing."

Malik added that much of the economic growth would depend on rapid implementation of the debt restructuring and a concrete economic policy framework by UAE.