Page 319 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 2)

UAE's GDP hits Dh430 billion in Q1 2024

:Abdullah bin Touq

UAE's GDP hits Dh430 billion in Q1 2024

9 Sep 2024 13:24

ABU DHABI (WAM)

Abdullah bin Touq Al Marri, Minister of Economy, said that the preliminary estimates of the
UAE's GDP growth in the Q1 2024, issued by the Federal Competitiveness and Statistics
Centre (FCSC), underline the resilience and vitality of the national economy and exemplify its
ability to continue the path of sustainable growth.

He highlighted that the country's real GDP reached Dh430 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 President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and the
directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime
Minister of the UAE and 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," Bin Touq added.

He emphasised that the national economy's positive results reinforce achieving the economic
objectives of the "We the UAE 2031" vision, which includes raising the country's GDP to Dh3

https://en.aletihad.ae/news/business/4513745/uae-s-gdp-hits-dh430-billion-in-q1-2024--
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