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3/17/25, 2:35 PM UAE economy grows 3.8% in first nine months of 2024 - ARN News Centre- Trending News, Sports News, Business News, Dubai …

UAE economy grows 3.8% in first nine

months of 2024

News Home More from Business Wednesday, 5 March 2025 19:48

By ARN News Staff

WAM
The UAE recorded a 3.8 per cent growth in real GDP in the first nine months of 2024, compared to the same
period in 2023, reaching AED 1.322 trillion.

This growth was largely driven by a 4.5 per cent boost in non-oil sectors, contributing AED 987 billion and making up

nearly 75% of the economy.

Abdullah bin Touq Al Marri, Minister of Economy, said this success highlights the effectiveness of the UAE’s
economic diversification strategies.

With a focus on innovation and global partnerships, the country aims to raise its GDP to AED 3 trillion by 2031,
positioning itself as a leading global hub for the new economy.

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