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an innovative economic model based on global best practices, ensuring flexibility and resilience in

navigating rapid economic shifts and global challenges.

H.E. Bin Touq said: “The concerted national efforts to increase the contribution of non-oil sectors

to the national economy, develop more flexible and competitive economic legislation, promote
economic openness to the world, and build productive, impactful partnerships with prominent

markets around the world, are continuing. This supports the achievement of the ‘We the UAE 2031’
objectives, aimed at raising the country's GDP to AED 3 trillion by the next decade and

consolidating the UAE’s status as the global hub for the new economy.”

H.E. Hanan Mansoor Ahli, Managing Director of the Federal Competitiveness and Statistics Centre

(FCSC), said: “The continued growth in the UAE's GDP during the first nine months of last year

reflects the strong economic performance of the country and a clear vision for the future focused
on promoting sustainable economic growth driven by non-oil sectors.”

Her Excellency added: “The UAE’s wise leadership has adopted a well-established and future-

oriented approach to economic diversification, laying a solid foundation for more achievements,
sustained GDP growth and progress across various other economic and growth indicators.”

Further developed economic activities
Transport and warehousing sectors led the growth during the first nine months of 2024, growing

by 7.9 per cent, driven by the outstanding performance of passenger traffic and flights at the
country's airports, which recorded more than 103 million passengers, up 20 per cent.

Meanwhile, the construction sector grew by 7.4 per cent as a result of a significant increase in

investments in urban infrastructure projects. Financial and insurance activities grew by 6.8 per cent,

government activities by 5.0 per cent, and restaurants and hotels by 4.9 per cent.

In terms of economic activities that contributed the most to the non-oil GDP, the trade sector ranked

first with a contribution of 16.5 per cent. The manufacturing sector came in second with a

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