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What was the economic strategy of UAE under Khalifa's leadership?
Focused on oil economy
Diversified non-oil economy
Relied on foreign aid
Increased defense spending
Answer
Under the leadership of Khalifa bin Zayed Al Nahyan, the United Arab Emirates embarked on a transformative economic strategy that emphasized diversifying revenue streams beyond its traditional reliance on oil exports. This diversification strategy aimed to strengthen the nation's economy, reduce its dependence on a single commodity, and position it for sustainable long-term growth.
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