Page 393 - MOE ENGLISH PR REPORT - MARCH 2025

3/18/25, 9:12 AM UAE’s real GDP posted significant growth of 3.8% during first nine months of 2024
Abdullah bin Touq Al Marri, Minister of Economy, emphasised that 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.

Under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and the
directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister,
and Ruler of Dubai, the country has focused on building an innovative economic model based on global
best practices, capable of adapting to global economic changes and challenges.

Bin Touq stated that 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 world, and build productive partnerships with key regional and global markets.

These efforts support the objectives of the "We the UAE 2031" vision, which aims to raise the country’s
GDP to AED3 trillion by the next decade and establish the UAE as a global hub for the new economy.

RELATED TOPICS

UAE GCC COUNTRIES ECONOMY

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