Page 315 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 2)

9/19/24, 11:55 AM UAE’s GDP totals AED 430bln in Q1 2024 with 3.4 per cent growth
AED 430 billion in Q1 2024, recording a remarkable growth of 3.4 per cent compared to the same period
in 2023, while the non-oil GDP grew by 4 per cent compared to the same period last year”.

“Under the guidance of H.H Sheikh Mohammed bin Zayd Al Nahyan, President of the UAE, Ruler of Abu
Dhabi, and the directives of H.H Sheikh Mohammed bin Rashed Al Maktoum, Vice President and Prime

Minister of the UAE, Ruler of Dubai, the country adopted an innovative economic model that supports its
future vision, along with effective national economic strategies, enhancing openness to the world,
promoting partnerships, and transitioning towards an economic model based on flexibility and
innovation,” H.E. Bin Touq added.

Furthermore, H.E Bin Touq highlighted that the positive results the national economy has achieved fall in
line with the economic objectives of ‘We the UAE 2031’ vision, which includes raising the country’s GDP
to AED 3 trillion by the next decade.

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