Page 24 - MOE ENGLISH PR REPORT - MARCH 2025

Non-oil activities expand by 4.5 per cent

UAE GDP sees 3.8 per cent growth in first nine months of 2024

- H.E. Abdulla bin Touq Al Marri:

• Guided by the directives of our wise leadership, the UAE has built an innovative

economic model based on global best practices. The continued growth of our national
economy is a testament to the success of the country's economic diversification policies.

• National efforts remain focused on achieving the objectives of the 'We the UAE 2031'

vision, which aims to raise the country’s GDP to AED 3 trillion by the next decade and
solidify its position as a global hub for the new economy

- H.E. Hanan Ahli: The UAE's robust economic performance is driven by a clear and

forward-looking vision, firmly focused on fostering sustainable economic growth

Dubai, March 7, 2025: The UAE’s real GDP grew by 3.8 per cent during the first nine months

of 2024 compared to the same period in 2023, totaling AED 1.322 trillion. Meanwhile, the
country’s non-oil GDP grew by 4.5 per cent to reach AED 987 billion. The contribution of non-oil

sectors to real GDP reached 74.6 per cent, while oil-related activities contributed 25.4 per cent.

H.E. Abdulla bin Touq Al Marri, Minister of Economy, said that the continued growth of the

national economy is a testament to the success of the UAE’s economic policies and strategies aimed
at enhancing economic diversification, facilitating business activities, and promoting the expansion

of new economy sectors as the key drivers of sustainable economic and social development. H.E.
highlighted that, under the leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan,

President of the UAE, 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 UAE has built

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