Page 423 - MOE ENGLISH PR REPORT - MARCH 2025

3/17/25, 2:34 PM UAE’s real GDP posted significant growth of 3.8% during first nine months of 2024 - Aletihad News Center
grew by 4.5% to AED987 billion, reflecting the success of the country's economic diversification strategy.

The contribution of non-oil activities to real GDP reached 74.6%, highlighting the increasing role of these sectors in
supporting economic growth, while oil-related activities contributed 25.4%.

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, he added.

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