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9/19/24, 11:56 AM                                UAE's non-oil GDP grows 4 percent in Q1 2024
        UAE’s non-oil GDP grows 4 percent in Q1 2024
        Real GDP grows 3.4 percent during the period, touching AED430 billion














































        Robust tourism inflows to the UAE lead to a 4.6 per cent growth in restaurant and hotel activities
        Published: Mon 9 Sep 2024, 1:12 PM Last updated: Mon 9 Sep 2024, 1:13 PM
        The UAE’s non-oil GDP grew by 4 percent in Q1 2024 compared to the same period last year, it
        was revealed on Monday.
        Moreover, the country’s real GDP grew 3.4 percent during the period, touching AED430 billion in
        Q1 2024.
        “The preliminary estimates of the UAE’s GDP growth in the first quarter of 2024, issued by the
        Federal Competitiveness and Statistics Centre (FCSC), once again underline the resilience and
        vitality of the national economy and exemplify its ability to continue on the path of sustainable
        growth. They also reflect the UAE’s commitment to fostering economic diversification focused on
        knowledge economy sectors,” said Abdulla bin Touq Al Marri, the UAE minister of economy.
        Read: UAE targets $27.2 billion in tourism investments by 2031, increasing GDP contribution to
        $122.5 billion
        “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 and 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,” he added.

        Non-oil economic activities surge


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