Page 430 - 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 – UAE Business and Travel Insights – TotalUAE.…
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.

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