Page 386 - MOE ENGLISH PR REPORT - MARCH 2025

3/18/25, 9:12 AM UAE economy grows by 3.8% in first nine months of 2024 | The National
UAE economy grows by 3.8% in first nine months of 2024

Non-oil sectors contributed Dh987 billion, nearly 75 per cent, to the country's GDP last year

Deepthi Nair
March 06, 2025

The UAE’s economy grew by 3.8 per cent during the first nine months of last year, with growth

driven by a strong expansion in non-oil sectors as the country continues to diversify its economy.

Real gross domestic product of the Emirates for the nine-month period to the end of September rose
to Dh1.32 trillion ($359.4 billion). The non-oil economy grew by 4.5 per cent annually to Dh987

billion, accounting for nearly 75 per cent of the country's economic activity, while the oil sector
made up the rest, state news agency Wam reported.

The continuous growth of the national economy, “reaffirms 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 a key driver for sustainable economic and

social development”, Wam quoted Abdullah bin Touq Al Marri, Minister of Economy, as saying.

“National efforts continue to increase the contribution of non-oil sectors to the national economy,
develop more flexible and competitive economic legislations, enhance economic openness to the

https://www.thenationalnews.com/business/economy/2025/03/06/uae-economy-grows-by-38-in-first-nine-months-of-2024/ 1/3