Page 443 - MOE ENGLISH PR REPORT - MARCH 2025

3/17/25, 2:36 PM UAE's real GDP posted significant growth of 3.8% during first nine months of 2024
in non-oil sectors, which 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.

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