Page 360 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 2)
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9/19/24, 11:59 AM H.E. Bin Touq: Non-Oil GDP Grows By 4 Per Cent In Q1 2024 Supporting The Achievement Of The We The UAE 2031' Vision
H.E. Bin Touq: Non-Oil GDP Grows By 4 Per
Cent In Q1 2024 Supporting The Achievement Of
The We The UAE 2031' Vision
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9/9/2024 5:12:17 AM
(MENAFN- Dubai PR Network) financial & insurance activities top non-oil economic activities
with the fastest growth rate of 7.9 per cent due to the increase in the local credit to the private
sector
Robust tourism inflows to the UAE lead to a 4.6 per cent growth in restaurant and hotel
activities
Abu Dhabi, 9 September 2024:
H.E. Abdulla bin Touq Al Marri stated:“The preliminary estimates of the UAE's GDP growth in
the first quarter (Q1) 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, as
the country's real GDP reached 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.
https://menafn.com/1108651152/HE-Bin-Touq-Non-Oil-GDP-Grows-By-4-Per-Cent-In-Q1-2024-Supporting-The-Achievement-Of-The-We-The-UAE-20… 1/3
