Minister of Foreign Trade Sheikha Lubna Al Qasimi has said that UAE is on fast growth track and this has been possible because of better than expected performances in key sectors. This has pushed the economy back on track and if the situation remains the same, 16 per cent growth rate is very much achievable.

The minister also said that the economic indicators have been positive and very encouraging given the fact that it has come out of tough economic time.

Trade, tourism and logistics are the key sectors, some of the many others, that have done well. She was addressing ambassadors and Arab Business Council directors who had come to attend the Arab Business Council Forum in Dubai. Considering the above mentioned areas as the parameters, UAE's performance has been worth consideration for many others.

Besides that the fact that many new companies are investing in the nation makes it even more probable that the growth story is here to stay.

In the first nine months of 2010, Dubai saw a rise of 45 per cent in investment.

Non-oil trade for first 8 months saw a surge of 9 per cent to be at $130 billion while non-oil exports went up by 36 per cent.