Page 551 - MOET ENGLISH PR REPORT - JUNE 2025

6/16/25, 9:30 AM UAE posts 4% GDP growth in 2024 as economic diversification accelerates

According to the Federal Competitiveness and Statistics Centre, the non-oil
GDP grew by 5 percent, totaling 1,342 billion dirhams, while oil-related activities
contributed 434 billion dirha ms to the overall economy.

Minister of Economy Abdulla bin Touq Al-Marri emphasized that the latest GDP
figures released by the FCSC reflect a renewed and positive momentum in the

national economy, according to the UAE’s official news agency.

Construction nd uilding ontributed 1 1.7 ercent, hile eal state ctivities ccounted or 7 .8 ercent f a b c p w
the on-oil DP. ile/WAM n G

He added tha t the y furthe r underscore the new milestones achieved by the UAE
in economic diversification and competitiveness, guided by the vision and

directives of its leadershi p.

The minister empha sized tha t “these indicators reflect the sustained success of

the nation’s economic strategies, which are driving the transition toward an
innovative, knowledge-based, and sustainable economic model aligned with
global trends and emerging techn ologies,” WAM reported.

“With each milestone, we are moving closer to achieving the UAE’s target of
raising GDP to 3 trillion dirha ms by the next decade, while reinforcing its

position as a global hu b for the new economy, driven by sustainable
development, international competitiveness, and forward-looking leadership,”
Al-Marri said, as per WAM.

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