Page 417 - MOE ENGLISH PR REPORT - MARCH 2025

3/17/25, 2:33 PM UAE economy grows 3.8% in first nine months of 2024, driven by non-oil sectors

Non-oil activities accounted for 74.6 per cent of the UAE’s total real GDP, while the oil sector

contributed 25.4 per cent.
Commenting on the latest figures, Abdullah bin Touq Al Marri, Minister of Economy, emphasized

that the country’s sustained economic growth reflects the success of its policies to foster a dynamic

and diverse economy.

“The UAE’s continued economic expansion is a testament to the effectiveness of our strategies to

enhance economic diversification, streamline business practices, and expand key new economy
sectors,” said Al Marri.

“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 of the UAE, and Ruler of Dubai, the UAE has built an innovative economic model aligned

with global best practices, capable of adapting to global economic shifts and challenges.”

He further noted that the UAE is committed to increasing the contribution of non-oil sectors to the
economy, developing more flexible and competitive economic legislation, and strengthening

economic openness to global markets.

“By forging strong partnerships with key economies around the world, we are not just strengthening

our economic foundations, we seek to achieve the UAE 2031 vision, which aims to grow the

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