Page 421 - MOE ENGLISH PR REPORT - MARCH 2025

3/17/25, 2:34 PM UAE’s real GDP posted growth of 3.8% in first nine months of 2024
Additionally, the Minister underscored the importance of continued efforts and sector-wide integration
to drive sustainable and inclusive economic progress.

Hanan Mansour Ahli, Managing Director of the Federal Competitiveness and Statistics Centre
(FCSC), said, “The GDP figures for the first half of this year, published by the FCSC, reaffirm the
UAE’s dedication to implementing its policy of economic openness as a consistent national strategy.
By leveraging its capabilities, the UAE aims to strengthen its economic standing on both regional and
global levels as one of the most dynamic and diversified economies, driven by forward-thinking
strategies and sustainable diversification plans.”

According to the initial estimates released by FCSC, transportation and storage activities led
economic growth in the first half of 2024, with an impressive 8.4 per cent growth rate. Financial and
insurance activities ranked second with a growth rate of 7.6 per cent, followed closely by construction
activities at 7.3 per cent. Information and communication activities ranked fourth, achieving a growth
rate of 5.3 per cent.

WAM

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