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5/31/24, 5:01 PM UAE’s GDP rises 3.6%, secures 5th largest economy position in real GDP growth index globally | Emirates News Agency
Abdullah bin Touq said that by the end of 2023, the
contribution of non-oil sectors to the country’s GDP
reached 74.3 percent, marking a record-breaking growth
of 2.5 percent as compared to 2022. This milestone
supports our developmental objectives and fosters a
diversified and sustainable national economy.
He further highlighted the country’s implementation of
resilient and ambitious economic policies and legislation
to address global challenges. Furthermore, it has
devised strategic plans that promote economic
diversification, support emerging sectors and advance
the new economy, further strengthening the UAE’s
economic position regionally and globally.
Hanan Mansoor Ahli, Executive Director of the
Competitiveness Sector at the Federal Competitiveness
and Statistics Authority, emphasised that the growth of
the country’s GDP highlights the success of various
economic sectors in implementing the wise leadership’s
directives. These directives prioritise economic
diversification, drive investments and attract capital,
entrepreneurs, and innovative projects.
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