Page 355 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 2)

9/19/24, 11:59 AM UAE announces 3.4% GDP growth in Q1 2024 - Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More

Dubai’s international ports saw a 3.7 percent increase in container handling, while Abu
Dhabi’s ports experienced a 36 percent growth in cargo handling volume.

The restaurant and hotel sector grew by 4.6 percent, with Dubai welcoming 5.18 million

international tourists, an 11 percent increase from the previous year.

“The financial and economic data and indicators endorsing the growth of the UAE’s GDP
Q1 2024 reflect the resilience of the country’s vital economic sectors. It highlights the

effectiveness of the concerted efforts to implement wise leadership’s directives to enhance

sustainable economic diversification, reduce dependence on oil, promote investments, and
attract capital and innovative and emerging projects to the country,” Hanan Ahli, Managing

Director of the FCSC added.

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